- Current report filing (8-K)
2010年8月7日 - 3:00AM
Edgar (US Regulatory)
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):
August 6,
2010
INTERNATIONAL
BANCSHARES CORPORATION
(Exact name of registrant as specified in its charter)
Commission File Number
000-09439
Texas
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000-09439
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74-2157138
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(State or other Jurisdiction
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(Commission File Number)
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(I.R.S. Employer
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of incorporation)
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Identification No.)
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1200 San Bernardo, Laredo, Texas
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78040-1359
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(Address of principal executive offices)
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(ZIP Code)
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Registrants telephone number, including area code
(956)
722-7611
None
(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):
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 250.13e-4 (c))
Item 5.02 Departure of Directors
or Certain Officers;
Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d)
On August 6, 2010, International Bancshares Corporation (IBC)
issued a news release announcing Douglas B. Howlands and Larry A. Nortons
appointment to IBCs Board of Directors (the Board), effective as of August 5,
2010. The Board unanimously voted to
appoint Mr. Howland and Mr. Norton as new directors of IBC. Mr. Howland has been the CEO of a
construction company in Laredo, Texas, for more than twenty years. Mr. Howland has also served as a board
member of IBCs subsidiary bank, International Bank of Commerce, Laredo,
Texas, since February 2010 and is a member of that boards Executive
Committee. Additionally, he has served
as a board member of IBCs subsidiary bank, Commerce Bank, since June 1989,
and is a member of that boards Executive Committee, Audit Committee and
Investment Committee. Mr. Howland will serve on two committees of IBCs
Board, the Audit Committee and the Asset/Liability, Investment, Balance
Sheet-Management, Funds Management/Liquidity/Interest Rate Risk Committee.
Mr. Norton
has been the President of a family retail sales business and has owned a retail
computer sales company in Laredo, Texas, for more than twenty years. Mr. Norton has also served as a board
member of International Bank of Commerce, Laredo, Texas, since February 2010
and is a member of that boards Executive Committee. Additionally, he has served as a board member
of Commerce Bank, since June 1982, and serves on that boards Executive
and Audit Committees. Mr. Norton
will serve on two committees of IBCs Board, the Audit Committee and the
Asset/Liability, Investment, Balance Sheet-Management, Funds
Management/Liquidity/Interest Rate Risk Committee.
There
was no arrangement or understanding between Mr. Howland or Mr. Norton
and any other person pursuant to which Mr. Howland or Mr. Norton was
selected as a director. The Board has
determined that both Mr. Howland and Mr. Norton are independent
directors as defined under the applicable rules of the Securities and
Exchange Commission and NASDAQ with respect to their service on the Board and
the Boards Audit Committee.
Mr. Howland
and Mr. Norton and members of their immediate family and the companies
with which they are associated were customers of, and had banking transactions
with, IBCs subsidiary banks in the ordinary course of the subsidiary
banks business during 2009 and 2010, and IBC anticipates that such banking
transactions will continue in the future.
All loans and commitments to loan included in such banking transactions
were made in the ordinary course of business, on substantially the same terms,
including interest rates and collateral, as those prevailing at the time for
comparable transactions with persons not related to IBC, and all of such
indebtedness is fully performing and complies with Federal lending restrictions
included in Section 22(h) of the Federal Reserve Act (12 U.S.C.
375b). The indebtedness, in the opinion
of IBCs management, did not involve more than a normal risk of collectability
or present other unfavorable features.
Mr. Howland
and Mr. Norton will receive the standard compensation provided to IBCs
non-employee directors, the details of which are as follows:
2
·
Mr. Howland
and Mr. Norton will receive compensation for their services as directors
of IBC in the amount of $900 for each IBC Board meeting and $300 for each
meeting of a Board committee they attend.
Occasionally, Board meetings are held by telephone conference and they
will not be paid for those meetings.
·
Mr. Howland
and Mr. Norton will continue to receive compensation for their services as
directors of Laredo Bank and Commerce Bank in the amount of $900 for each board
meeting and $300 for each meeting of a board committee of the Laredo Bank and
Commerce Bank that they attend.
·
Mr. Howland
and Mr. Norton will receive no stock options or other equity-based awards
in connection with their service as members of IBCs Board or as members of the
Laredo Banks or the Commerce Banks board of directors.
The
news release announcing the directors appointment described in Item 5.02 above
attached hereto and filed herewith as Exhibit 99, is incorporated herein
by reference.
3
Item
9.01 Financial statements and Exhibits.
(d)
Exhibits.
99 News Release of International Bancshares
Corporation dated August 6, 2010 entitled, International Bancshares
Corporation Announces Appointment of New Directors
4
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.
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INTERNATIONAL
BANCSHARES CORPORATION
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(Registrant)
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By:
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/s/ Dennis E. Nixon
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Dennis
E. Nixon, President and
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Chairman of the Board
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Date:
August 6, 2010
5
EXHIBIT INDEX
Exhibit Number
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Description
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Page
Number
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99
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News
Release of International Bancshares Corporation dated August 6, 2010
entitled, International Bancshares Corporation Announces, Appointment of New
Directors
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7
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6
International Bancshares (NASDAQ:IBOC)
過去 株価チャート
から 6 2024 まで 7 2024
International Bancshares (NASDAQ:IBOC)
過去 株価チャート
から 7 2023 まで 7 2024