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This report details the executive agreements for William B. Littreal and Brad E. Schwartz at TowneBank, including a $0.18 cash dividend for shareholders, effective November 27, 2019.
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Form 8-K is a report that issuers must file with the SEC to announce major events that shareholders should know about. It provides a current report of significant corporate events and changes.
Publicly traded companies in the U.S. that are registered with the SEC are required to file Form 8-K when certain major events occur.
Form 8-K is filled out by providing information about the event being reported, including the date of the event, details about the event, and any financial implications, followed by the signature of the appropriate company official.
The purpose of Form 8-K is to inform investors and the public of significant corporate events or changes that could influence their investment decisions.
Information that must be reported includes, but is not limited to, acquisitions, disposals of assets, changes in management, bankruptcy, and any other material events that affect the company's financial status.
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