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Form 8-K CATHAY GENERAL BANCORP For: Aug 20

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August 21, 2015 6:02 AM EDT

 

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 20, 2015

   

 

CATHAY GENERAL BANCORP

(Exact name of registrant as specified in its charter)

  

  

Delaware   001-31830   95-4274680

(State or other jurisdiction

of incorporation)

   (Commission File Number)  

(IRS Employer

Identification No.)

 

777 North Broadway, Los Angeles, California   90012
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (213) 625-4700

 

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 8.01Other Events.

 

On August 20, 2015, Cathay General Bancorp (the “Company”) issued a press release announcing that the Board of Directors of the Company authorized the resumption of the repurchase of up to 622,500 common shares, which is the number of shares remaining of the 1,000,000 shares initially authorized under the stock repurchase program approved by the Board of Directors in November 2007. Any repurchases will be made from time to time in the open market.

 

The Company also announced in the press release that the Board of Directors declared a cash dividend of fourteen cents per common share, payable September 11, 2015 to stockholders of record at the close of business on September 1, 2015.

 

A copy of the press release is attached hereto as an Exhibit 99.1 to this Current Report on Form 8−K and is incorporated herein by reference.

 

ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS.

 

(d)Exhibits.

 

Exhibit No. Description of Exhibit
   
99.1 Press Release, dated August 20, 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.

 

  CATHAY GENERAL BANCORP  
Date: August 20, 2015      
       
  By: /s/ Heng W. Chen  
    Heng W. Chen  
    Executive Vice President and Chief  
    Financial Officer  

  

 

 

 

EXHIBIT INDEX

 

Exhibit No. Description of Exhibit
   
99.1 Press Release, dated August 20, 2015

 

 

  

 

 

 

Exhibit 99.1

Cathay General Bancorp Declares $0.14 Per Share Dividend And Resumes Share Repurchases

LOS ANGELES, Aug. 20, 2015 /PRNewswire/ -- Cathay General Bancorp (NASDAQ: CATY), the holding company for Cathay Bank, announced today that its Board of Directors declared a cash dividend of fourteen cents per common share, payable on September 11, 2015 to stockholders of record at the close of business on September 1, 2015.

Cathay General Bancorp

In addition, the Board of Directors authorized resumption of the repurchase of up to 622,500 common shares, which is the number of shares remaining of the 1,000,000 shares initially authorized under the stock repurchase program approved by the Board of Directors in November 2007. Any repurchases will be made from time to time in the open market.

ABOUT CATHAY GENERAL BANCORP
Cathay General Bancorp is the holding company for Cathay Bank, a California state-chartered bank. Founded in 1962, Cathay Bank offers a wide range of financial services. Cathay Bank currently operates 33 branches in California, 12 branches in New York State, three in the Chicago, Illinois area, three in Washington State, two in Texas, one in Maryland, one in Massachusetts, one in Nevada, one in New Jersey, one in Hong Kong, and a representative office in Taipei and in Shanghai. Cathay Bank's website is found at http://www.cathaybank.com/.

FORWARD-LOOKING STATEMENTS
Statements made in this press release, other than statements of historical fact, are forward-looking statements within the meaning of the applicable provisions of the Private Securities Litigation Reform Act of 1995 regarding management's beliefs, projections, and assumptions concerning future results and events. Forward-looking statements are based on estimates, beliefs, projections, and assumptions of management and are not guarantees of future performance. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations or projections. Some of these risks are described in the Cathay General Bancorp's Annual Report on Form 10-K for the year ended December 31, 2014 (Item 1A in particular), other reports filed with the Securities and Exchange Commission ("SEC"), and other filings Cathay General Bancorp makes with the SEC from time to time. Cathay General Bancorp has no intention and undertakes no obligation to update any forward-looking statement or to publicly announce any revision of any forward-looking statement to reflect future developments or events, except as required by law.

Logo - http://photos.prnewswire.com/prnh/20140822/138939



CONTACT: Heng W. Chen, (626) 279-3652


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