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EX-99.1 - Entegra Financial Corp.e17078_ex99-1.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)

February 24, 2017

 

 

 

Entegra Financial Corp.

(Exact name of registrant as specified in its charter)

 

 

 

         
North Carolina   001-35302   45-2460660

(State or other jurisdiction of Incorporation)

 

(Commission File Number)

 

(IRS Employer Identification No.)

 

14 One Center Court, Franklin, North Carolina 28734

(Address of principal executive offices) (Zip Code)

 

(828) 524-7000

(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 February 24, 2017, Entegra Financial Corp. (the “Company”), announced that the Company’s Board of Directors has authorized the extension of its stock repurchase program (the “Program”) through February 23, 2018. The Program allows for the repurchase of up to 327,318 shares of the Company’s common stock, representing approximately 5% of the Company’s outstanding shares as of December 31, 2015. Approximately 104,568 shares have been repurchased under the Program to date, leaving a balance of 222,750 shares that may be purchased under the Program, as extended.

 

A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

 

 

 

 

Item 9.01   Financial Statements and Exhibits

 

  (d)

Exhibits.

 

The following exhibit is filed herewith:  

       
 

Item

 

Description

  99.1   Press Release dated February 24, 2017.

 

 

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.

 

         
    ENTEGRA FINANCIAL CORP.
     
Date: February 24, 2017   By:  

/s/   David A. Bright

        David A. Bright
       

Executive Vice President and

Chief Financial Officer

 

 

 

Exhibit Index

 

99.1   Press Release dated February 24, 2017.