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): May 4, 2015
FIRST FINANCIAL BANKSHARES, INC.
(Exact Name of Registrant as Specified in its Charter)
| Texas | 0-7674 | 75-0944023 | ||
|
(State or other Jurisdiction of Incorporation) |
(Commission File No.) |
(IRS Employer Identification No.) |
400 Pine Street, Abilene, Texas 79601
(Address of Principal Executive Offices and Zip Code)
Registrant’s Telephone Number (325) 627-7155
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 203.425) |
| ¨ | 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 240.13 e-4 (c)) |
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On April 28, 2015, the Board of Directors of First Financial Bankshares, Inc. (the “Company”) elected Randy Roewe as Executive Vice President and Chief Risk Officer of the Company, effective May 4, 2015. Prior to joining the Company, Roewe served as a National Bank Examiner and Examiner-in-Charge for the Office of the Comptroller of the Currency (“OCC”), where he had worked since 1991. Mr. Roewe has overseen numerous bank examinations at institutions varying in size from small community banks to a $70 billion institution. In 2010, Roewe was awarded the Bank Supervision Award which recognized him as the examiner who made the most significant contribution to the supervision of banks. He holds several professional certifications including, Certified Information Systems Auditor (CISA), Certified Information Systems Security Professional (CISSPP) and Certified Ethical Hacker (CH). Mr. Roewe graduated from Texas Tech University with a Bachelor of Business Administration.
There are no arrangements or understandings between Mr. Roewe and any other persons pursuant to which he was elected Executive Vice President and Chief Risk Officer of the Company. There is no family relationship between Mr. Roewe and any director, executive officer, or person nominated or chosen by the Company to become a director or executive officer of the Company. The Company has not entered into any transaction with Mr. Roewe that would require disclosure pursuant to Item 404(a) of Regulation S-K.
A copy of the press release announcing the election of Mr. Roewe is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
99.1 Press Release dated May 4, 2015
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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FIRST FINANCIAL BANKSHARES, INC. (Registrant) |
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| DATE: May 4, 2015 | By: | /s/ F. Scott Dueser | ||||
| F. SCOTT DUESER | ||||||
| President and Chief Executive Officer | ||||||
Exhibit Index
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Exhibit Number |
Description |
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| 99.1 | Press Release dated May 4, 2015 |
Exhibit 99.1
| For immediate release |
For more information: Scott Dueser, Chairman, President and CEO 325.627.7155 |
FIRST FINANCIAL BANKSHARES NAMES ROEWE
EXECUTIVE VICE PRESIDENT AND CHIEF RISK OFFICER
ABILENE, Texas, May 4, 2015 – First Financial Bankshares, Inc. (NASDAQ: FFIN) today announced that its Board of Directors has elected Randy Roewe to the position of Executive Vice President and Chief Risk Officer.
“We are excited to welcome Randy to the Company’s executive management team and to Abilene,” said F. Scott Dueser, Chairman, President and CEO. “Randy brings a tremendous amount of expertise and experience gained from his 24-year career as a National Bank Examiner. In the current regulatory environment surrounding our industry, Randy’s expertise in the areas of risk management, technology, compliance, corporate governance and banking laws and regulations will be an enormous asset to our company.”
Roewe began his career in 1990 at First National Bank, Haskell, Texas. He graduated from Texas Tech University with a Bachelor of Business Administration. Roewe joined the Office of the Comptroller of the Currency (OCC) in 1991 where he remained until he accepted this position at First Financial Bankshares. As a National Bank Examiner and Examiner-in-Charge, Randy has overseen numerous bank examinations at institutions varying in size from small community banks to a $70 billion institution. In 2010, Roewe was awarded the Bank Supervision Award, which recognized him as the examiner who made the most significant contribution to the supervision of banks. He holds several professional certifications, including, Certified Information Systems Auditor (CISA), Certified Information Systems Security Professional (CISSPP) and Certified Ethical Hacker (CEH).
About First Financial Bankshares, Inc.
Headquartered in Abilene, Texas, First Financial Bankshares is a financial holding company that operates 12 banking regions with 62 locations in Texas including Abilene, Acton, Albany, Aledo, Alvarado, Beaumont, Boyd, Bridgeport, Brock, Burleson, Cisco, Cleburne, Clyde, Decatur, Eastland, Fort Worth, Glen Rose, Granbury, Grapevine, Hereford, Huntsville, Keller, Mauriceville, Merkel, Midlothian, Mineral Wells, Moran, New Waverly, Newton, Odessa, Orange, Port Arthur, Ranger, Rising Star, Roby, San Angelo, Southlake, Stephenville, Sweetwater, Trent, Trophy Club, Vidor, Waxahachie, Weatherford and Willow Park. The Company also operates First Financial Trust & Asset Management Company, N.A., with eight locations and First Technology Services, Inc., a technology operating company.
The Company is listed on The NASDAQ Global Select Market under the trading symbol FFIN. For more information about First Financial Bankshares, please visit our website at http://www.ffin.com .
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Certain statements contained herein may be considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon the belief of the Company’s management, as well as assumptions made beyond information currently available to the Company’s management, and may be, but not necessarily are, identified by such words as “expect”, “plan”, “anticipate”, “target”, “forecast” and “goal”. Because such “forward-looking statements” are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from the Company’s expectations include competition from other financial institutions and financial holding companies; the effects of and changes in trade, monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; changes in the demand for loans; fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary fluctuations; changes in consumer spending, borrowing and savings habits; and acquisitions and integration of acquired businesses, and similar variables. Other key risks are described in the Company’s reports filed with the Securities and Exchange Commission, which may be obtained under “Investor Relations-Documents/Filings” on the Company’s Web site or by writing or calling the Company at 325.627.7155. Except as otherwise stated in this news announcement, the Company does not undertake any obligation to update publicly or revise any forward-looking statements because of new information, future events or otherwise.