South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the
“Company”), the parent company of City Bank, announced today that,
due to the ongoing public health concerns with the coronavirus
(COVID-19) pandemic, the Company’s Board of Directors voted to
change the 2020 Annual Meeting of Shareholders (the “Annual
Meeting”) to be held solely by means of remote communication.
Shareholders will no longer be able to attend the Annual Meeting in
person. The previously announced date and time of the Annual
Meeting have not changed and the Annual Meeting will begin promptly
at 2:00 p.m., Central Time, on Tuesday, May 19, 2020.
Attendance and Participation
Shareholders of record as of the close of business
on March 25, 2020, the record date for the Annual Meeting, may
participate in the Annual Meeting by means of remote communication
by logging onto the virtual meeting platform at
www.virtualshareholdermeeting.com/SPFI2020 with their sixteen-digit
control number provided on their proxy card or, if their shares of
common stock of the Company are held in “street name,” on their
broker’s or intermediary’s voting instruction card.
Individuals without a control number may attend the Annual Meeting
as a guest using the link to the virtual meeting platform, but will
not have the option to vote. Those planning to participate in
the Annual Meeting should connect to the virtual meeting platform
at least 15 minutes prior to the start of the Annual
Meeting.
Voting
Shareholders will have the opportunity to vote
their shares during the Annual Meeting if participating by means of
remote communication. Whether or not shareholders plan to
attend the Annual Meeting, the Company encourages eligible
shareholders to vote on the proposals prior to the Annual Meeting
using the instructions provided in the proxy statement previously
distributed. The proxy card included with the proxy materials
previously distributed should continue to be used to vote shares in
connection with the Annual Meeting.
Questions
If shareholders have a question pertaining to the
business of the Annual Meeting, they must submit it in advance of
the Annual Meeting. Shareholders may submit questions until
11:59 p.m., Central Time, on Monday, May 18, 2020 by visiting
www.proxyvote.com. Shareholders should have their proxy card
or, if their shares of common stock of the Company are held in
“street name,” on their broker’s or intermediary’s voting
instruction card on hand when accessing the website and following
the instructions. Each shareholder will be limited to no more
than one question. Questions pertinent to the business of the
Annual Meeting will be read aloud and answered during the Annual
Meeting, subject to time constraints.
Additional information regarding the rules of
conduct and other materials for the Annual Meeting will be made
available during the Annual Meeting on the virtual meeting platform
at www.virtualshareholdermeeting.com/SPFI2020. Please refer to the
Annual Meeting materials previously filed by the Company with the
Securities and Exchange Commission (“SEC”) for additional
information about the Annual Meeting.
Shareholder List
The list of the Company’s shareholders entitled to
vote at the Annual Meeting will be available for inspection by
shareholders during the Annual Meeting at
www.virtualshareholdermeeting.com/SPFI2020.
Technical Difficulties
Technical support for accessing the Annual Meeting
through the virtual meeting platform will be available
at www.virtualshareholdermeeting.com/SPFI2020 beginning
at 1:45 p.m., Central Time, on Tuesday, May 19, 2020 through
the conclusion of the Annual Meeting. If you encounter any
difficulties accessing the Annual Meeting through the virtual
meeting platform during the Annual Meeting, please call:
1-800-586-1548 (toll-free) or 303-562-9288 (international
callers).
About South Plains Financial,
Inc.
South Plains is the bank holding company for City
Bank, a Texas state-chartered bank headquartered in Lubbock,
Texas. City Bank is one of the largest independent banks in
West Texas and has additional banking operations in the Dallas, El
Paso, Greater Houston, the Permian Basin, and College Station,
Texas markets and the Ruidoso and Eastern New Mexico markets.
South Plains provides a wide range of commercial and consumer
financial services to small and medium-sized businesses and
individuals in its market areas. Its principal business
activities include commercial and retail banking, along with
insurance, investment, trust and mortgage services. Please
visit https://www.spfi.bank for more information.
Available Information
The Company routinely posts important information
for investors on its website (under www.spfi.bank and, more
specifically, under the News & Events tab
at www.spfi.bank/news-events/press-releases). The
Company intends to use its website as a means of disclosing
material non-public information and for complying with its
disclosure obligations under SEC Regulation FD (Fair
Disclosure). Accordingly, investors should monitor the
Company’s website, in addition to following the Company’s press
releases, SEC filings, public conference calls, presentations and
webcasts.
The information contained on, or that may be
accessed through, the Company’s website is not incorporated by
reference into, and is not a part of, this document.
Forward Looking Statements
This press release contains “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Any statements about our expectations,
beliefs, plans, strategies, predictions, forecasts, objectives or
assumptions of future events or performance are not historical
facts and may be forward-looking. These statements are often,
but not always, made through the use of words or phrases such as
“anticipates,” “believes,” “expects,” “can,” “could,” “may,”
“predicts,” “potential,” “opportunity,” “should,” “will,”
“estimate,” “plans,” “projects,” “continuing,” “ongoing,”
“expects,” “seeks,” “intends” and similar words or phrases.
Accordingly, these statements involve estimates, known and
unknown risks, assumptions and uncertainties that could cause
actual strategies, actions or results to differ materially from
those expressed in them, and are not guarantees of timing, future
results or other events or performance. Because
forward-looking statements are based on management’s current
expectations, assumptions and estimates on the date hereof, and
there can be no assurance that actual strategies, actions or
results will not differ materially from expectations, you are
cautioned not to place undue reliance on such statements.
Additional information regarding certain risks, uncertainties
and other factors that could cause actual strategies, actions and
results to differ materially from those contemplated in
forward-looking statements is included from time to time in our
filings with the SEC, including under the heading “Risk Factors” in
our Annual Report on Form 10-K for the fiscal year ended December
31, 2019 and any updates to those risk factors set forth in the
Company’s Quarterly Reports on Form 10-Q, Current Reports on Form
8-K and other filings with the SEC, which are available on the
SEC’s website at www.sec.gov. Any forward-looking statement
speaks only as of the date on which it is made, and except as
required by law, the Company undertakes no obligation to update any
forward-looking statement, whether to reflect events or
circumstances after the date on which the statement is made, to
reflect new information or the occurrence of unanticipated events,
or otherwise.
Contact: |
Mikella Newsom, Chief Risk Officer and Secretary |
|
investors@city.bank |
|
(866) 771-3347 |
|
|
Source: South Plains Financial, Inc.
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