Toggle SGML Header (+)


Section 1: 8-K

Hawthorn Bancshares, Inc. - FORM 8-k





UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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):  May 10, 2018

Commission File Number:  0-23636

Hawthorn Bancshares, Inc.
(Exact name of registrant as specified in its charter.)

Missouri
(State or other jurisdiction of incorporation or organization)
43-1626350
(IRS Employer Identification No.)



132 East High Street, PO Box 688, Jefferson City, Missouri 65102
(Address of principal executive offices)

573-761-6117
(Registrant's Telephone number)

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 (see General Instruction A.2. below):

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

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

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

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


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2)
Emerging growth company [ ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]



Item 8.01 Other Events.

On May 10, 2018 Hawthorn Bancshares, Inc. issued a press release announcing its Board of Directors approved an increased quarterly cash dividend of 10 cents per common share payable July 1, 2018 to shareholders of record at the close of business June 15, 2018. The Board also approved a stock dividend of 4% payable July 1, 2018 to shareholders of record at the close of business on June 15, 2018.

Item 9.01 Financial Statements and Exhibits.

The full text of the press release is furnished as an exhibit to this report on Form 8-K.


SIGNATURES
 
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.
 
 
Hawthorn Bancshares, Inc.


Date:   May 11, 2018
By: /s/ David T. Turner

Name: David T. Turner
Title: Chairman, CEO & President


Exhibit Index
 
Exhibit No.

  
Description

EX-99.1
  
Hawthorn Bancshares Announces Increased Cash Dividend and Stock Dividend
(Back To Top)

Section 2: EX-99

Secconnect.com

Exhibit 99.1

Hawthorn Bancshares Announces Increased Cash Dividend and Stock Dividend

Jefferson City, MO. May 10, 2018 Hawthorn Bancshares of Jefferson City, MO (NASDAQ: HWBK) announced today that its Board of Directors approved an increase in the quarterly cash dividend of $0.03 per share, or 42.9%, to a total of $0.10 per share, payable July 1, 2018 to shareholders of record at the close of business on June 15, 2018. Chairman David T. Turner stated, Hawthorn shared with our staff a portion of the benefit from the reduced corporate tax rate resulting from the Tax Cuts and Jobs Act in the first quarter of this year and believes our shareholders should also benefit from the improved earnings to be realized.  Accordingly, the Board of Directors approved the increase in the dividend to $0.10 per share. The Board also approved a special stock dividend of 4% payable July 1, 2018 to shareholders of record at the close of business on June 15, 2018.

About Hawthorn Bancshares

Hawthorn Bancshares, Inc., a financial-bank holding company headquartered in Jefferson City, Missouri, is the parent company of Hawthorn Bank of Jefferson City, Missouri with locations in the Missouri communities of Lee's Summit, Liberty, Springfield, Branson, Independence, Columbia, Clinton, Windsor, Osceola, Warsaw, Belton, Drexel, Harrisonville, California and St. Robert, Missouri.


Statements made in this press release that suggest Hawthorn Bancshares' or management's intentions, hopes, beliefs, expectations, or predictions of the future include "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended.  It is important to note that actual results could differ materially from those projected in such forward-looking statements.  Additional information concerning factors that could cause actual results to differ materially from those projected in such forward-looking statements is contained from time to time in the company's quarterly and annual reports filed with the Securities and Exchange Commission.



Contact:  

Bruce Phelps

 

Chief Financial Officer

TEL: 573.761.6100   FAX: 573.761.6272

www.HawthornBancshares.com




(Back To Top)