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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 21, 2024
TEXAS CAPITAL BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
| | | | | | | | |
Delaware | 001-34657 | 75-2679109 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) |
2000 McKinney Avenue, Suite 700, Dallas, Texas, U.S.A.
(Address of principal executive offices)
75201
(Zip Code)
Registrant’s telephone number, including area code: (214) 932-6600
N/A
(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)) |
Securities registered pursuant to Section 12(b) of the Act:
| | | | | | | | | | | | | | |
Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
Common Stock, par value $0.01 per share | | TCBI | | Nasdaq Stock Market |
| | | | |
5.75% Non-Cumulative Perpetual Preferred Stock Series B, par value $0.01 per share | | TCBIO | | Nasdaq Stock Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
On May 21, 2024, Texas Capital Bancshares, Inc. (the “Company”) announced the appointment of David Oman as the Company’s Chief Risk Officer, effective June 10, 2024.
Mr. Oman brings a wealth of expertise and a robust background in risk management and corporate compliance to the Company. Mr. Oman’s career spans over 30 years of significant risk management roles for reputable firms in New York and London, including Bank of New York Mellon, Credit Suisse AG, Bank of America Merrill Lynch and UBS, among others. Mr. Oman most recently served as a Managing Director at PricewaterhouseCoopers (PwC) in the financial risk practice. Prior to PWC, Mr. Oman served as the Chief Market Risk Officer and Chief Risk Officer Global Markets Infrastructure for Bank of New York Mellon.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURE
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: | May 21, 2024 | TEXAS CAPITAL BANCSHARES, INC. |
| | | By: | | /s/ J. Matthew Scurlock |
| | | | | J. Matthew Scurlock Chief Financial Officer |
INVESTOR CONTACT
Jocelyn Kukulka, 469.399.8544
jocelyn.kukulka@texascapitalbank.com
MEDIA CONTACT
Julia Monter, 469.399.8425
julia.monter@texascapitalbank.com
FOR IMMEDIATE RELEASE
Texas Capital Names David Oman as Chief Risk Officer
DALLAS – May 21, 2024 – Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital, today announced the appointment of David Oman to serve as the firm’s Chief Risk Officer (CRO), effective June 10, 2024. Oman will report directly to Texas Capital’s President & Chief Executive Officer Rob C. Holmes and serve as a member of the firm’s Operating Committee.
As previously announced, Tim Storms, Texas Capital’s current CRO will retire next month and continue to serve as an advisor to the firm through the end of 2024.
Oman joins Texas Capital from PricewaterhouseCoopers (PwC) where he served as a Managing Director in the firm’s financial risk practice. Prior to PwC, he led strategic execution in market risk, global markets infrastructure, credit risk review, global wealth and investment management, emerging markets risk and counterparty risk for firms in New York and London, including Bank of New York Mellon, Credit Suisse AG, Bank of America Merrill Lynch and UBS, among others.
“David’s extensive professional experience in risk management makes him a strong fit for our next Chief Risk Officer,” said Holmes. “Given today’s evolving macroeconomic landscape, David’s background will be instrumental as we remain dedicated to maturing and maintaining a best-in-class enterprise risk management framework.”
As CRO, Oman will manage Texas Capital’s risk functions, enterprise risk management practices and programs in addition to regulatory compliance. He will be responsible for the strategic development and execution of continued enhancements to the firm’s risk management culture and capabilities that will further optimize proactive risk assessment and mitigation.
“It is an honor to join Texas Capital with the opportunity to further evolve the firm’s responsible growth and thoughtful, comprehensive risk management strategy to better serve our stakeholders across the state and the country,” said Oman. “I feel fortunate to benefit from the valuable work that the team has done over the past three years.”
About Texas Capital
Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank d/b/a Texas Capital, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking,
consumer banking, investment banking and wealth management capabilities. All services are subject to applicable laws, regulations, and service terms. Member FDIC. For more information, please visit
www.texascapital.com
.
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Grafico Azioni Texas Capital Bancshares (NASDAQ:TCBIO)
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Grafico Azioni Texas Capital Bancshares (NASDAQ:TCBIO)
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