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Section 1: 8-K (8-K)

Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): October 25, 2016

GREAT WESTERN BANCORP, INC.
(Exact Name of Registrant as Specified in Its Charter)

Delaware
(State or Other Jurisdiction of Incorporation)

001-36688
 
47-1308512
(Commission File Number)
 
(IRS Employer Identification No.)
 
 
 
225 South Main Avenue
 
 
Sioux Falls, South Dakota
 
57104
(Address of Principal Executive Offices)
 
 (Zip Code)


(605) 334-2548
(Registrant’s Telephone Number, Including Area Code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))












Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On October 25, 2016, the Board of Directors increased the size of the board from eight to nine directors and elected James A. Israel to fill the vacancy created by such increase. Mr. Israel will serve as a Class III director which will stand for reelection at the 2017 Annual Stockholder Meeting. The Board has determined that Mr. Israel satisfies the definition of “independent director” and the requirements for service on the Board’s Audit Committee under the New York Stock Exchange listing standards. Mr. Israel will also serve on the Board’s Risk Committee and he is qualified as a financial and risk expert.
For his services as a director, Mr. Israel will participate in the Company’s standard compensation arrangements for non-employee directors as described in the Company’s Proxy Statement on Schedule 14A filed with the Securities Exchange Commission on January 4, 2016.
A Press Release announcing the appointment of Mr. Israel is attached as Exhibit 99.1 and incorporated herein by reference.

Exhibit No.    Description
99.1
Press Release of the registrant dated October 25, 2016, announcing the Board appointment of James A. Israel.








SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 
GREAT WESTERN BANCORP, INC.
 
 
Date: October 25, 2016
By:          /s/ Donald J. Straka
 
Name:          Donald J. Straka
 
Title:          General Counsel and Secretary

    
















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Section 2: EX-99.1 (EXHIBIT 99.1)

gwbciappointsisrael
    Great Western Bancorp, Inc. Appoints James A Israel as Director   SIOUX FALLS, SD – October 25, 2016 – Great Western Bancorp, Inc. (NYSE: GWB) today appointed James A Israel to its Board of Directors and to the Board of Directors of its wholly owned banking subsidiary, Great Western Bank (www.greatwesternbank.com).    Israel is a retired senior executive of Deere & Company, where he served most recently as President of the Worldwide Financial Services Division in Johnston, IA. Israel spent nearly four decades at Deere & Company, serving in a number of executive roles including SVP, Sales & Marketing, Europe, Africa & the CIS in its Agricultural Equipment Division and SVP of International Lending. “The board will benefit greatly from Mr. Israel’s extensive expertise in finance, agriculture and risk and we look forward to welcoming him to our board,” said President and Chief Executive Officer Ken Karels. “He brings strong leadership in regulatory compliance as well as a global vision.”   Israel received his Bachelor of Business Administration in Finance and his MBA from the University of Iowa. He serves as a member of the Tippe College Advisory Board at the University of Iowa, and is a Trustee at Central College in Pella, IA. Israel will serve on the Audit and Risk Committees of Great Western Bancorp, Inc.   About Great Western Bancorp, Inc.   Great Western Bancorp, Inc. is the holding company for Great Western Bank, a full-service regional bank focused on relationship-based business and agribusiness banking. Great Western Bank offers small and mid-sized businesses a focused suite of financial products and a range of deposit and loan products to retail customers through several channels, including the branch network, online banking system, mobile banking applications and customer care centers. The bank services its customers through 174 branches in nine states: South Dakota, North Dakota, Minnesota, Iowa, Nebraska, Colorado, Arizona, Kansas and Missouri. To learn more about Great Western Bank visit www.greatwesternbank.com.   Forward Looking Statements    The materials posted may contain forward-looking statements, including guidance, involving significant risks and uncertainties, which will be identified by words such as "believe," "expect," "anticipate," "intend," "estimate," "should," "is likely," "will," "going forward" and other expressions that indicate future events and trends and may be followed by or reference cautionary statements. A number of factors could cause actual results to differ materially from those in the forward-looking information. These factors are outlined in our most recent earnings press release and in more detail in our most current 10-Q and 10-K filings. Great Western Bancorp, Inc. disclaims any obligation to update any of the forward- looking statements that are made from time to time to reflect future events or developments or changes in expectations.


 
  Great Western Bancorp, Inc.   Media Contact: Ann Nachtigal, 605-988-9217 Ann.Nachtigal@GreatWesternBank.com


 
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