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EX-99.1 - PRESS RELEASE ISSUED BY THE COMPANY ON JANUARY 15, 2013 - SWS GROUP INCd468486dex991.htm

 

 

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)

January 14, 2013

 

 

SWS GROUP, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   000-19483   75-2040825

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

1201 Elm Street, Suite 3500

Dallas, Texas 75270

(Address of principal executive offices and zip code)

(214) 859-1800

(Registrant’s telephone number, including area code)

N/A

(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)).

 

 

 


Item 8.01 Other Events.

On January 14, 2013, Southwest Securities, FSB (the “Bank”), a wholly-owned subsidiary of SWS Group, Inc. (“Company”), announced that the Office of the Comptroller of the Currency (“OCC”) had terminated the Order to Cease and Desist (“Order”) that the Bank entered into on February 4, 2011 with the Office of Thrift Supervision (“OTS”). The Order was administered by the OCC as the successor to the OTS. A copy of the press release is attached hereto as Exhibit 99.1.

The Bank will continue to remain subject to compliance with regulatory requirements including minimum capital ratios and liquidity requirements as well as adherence to its business plan regarding, among other things, growth of assets and expansion of products or services.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit 99.1    Press Release issued by the Company on January 15, 2013.

 

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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.

 

     SWS GROUP, INC.

Date: January 15, 2013

     By:   

/s/ Stacy M. Hodges

        Stacy M. Hodges
        Chief Financial Officer

 

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EXHIBIT INDEX

 

 

Exhibit No.    Description
Exhibit 99.1    Press Release issued by the Company on January 15, 2013

 

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