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): November 18, 2014
NICOLET BANKSHARES, INC.
(Exact name of registrant as specified in its charter)
| Wisconsin | 333-90052 | 47-0871001 | ||
| (State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(IRS Employer Identification No.) |
111 North Washington Street
Green Bay, Wisconsin 54301
(Address of principal executive offices)
(920) 430-1400
(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:
| ☐ | 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 November 18, 2014, the Board of Directors of Nicolet Bankshares, Inc. (“Nicolet”) approved to modify Nicolet’s previously announced Repurchase Program, adding up to $6 million to repurchase up to 275,000 more shares of its outstanding common stock, which, when combined with the initial authorization, provides for utilization of up to an aggregate of $12 million to repurchase up to an aggregate of 625,000 shares of its outstanding common stock from time to time, in the open market (including block transactions) as market conditions warrant or in private transactions. The 275,000 additional shares represent 6.7% of Nicolet’s current outstanding common shares. Through October 31, 2014, $4.3 million was used to repurchase 201,343 shares at a weighted average price of $21.24 per share including commissions.
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.
| Date: November 18, 2014 | NICOLET BANKSHARES, INC. | |
| By: | /s/ Ann K. Lawson | |
| Name: Ann K. Lawson | ||
| Title: Chief Financial Officer | ||