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TowneBank reports a quarterly cash dividend of $0.18 per common share, reflecting a 12.5% increase, payable on July 10, 2019.
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Form 8-K is a report that companies must file with the SEC to announce major events that shareholders should be aware of.
Public companies and foreign companies that are publicly traded in the US are required to file Form 8-K.
To fill out Form 8-K, companies must provide details of the event being reported, including dates, descriptions, relevant financial information, and any other material facts.
The purpose of Form 8-K is to ensure that investors and the market are informed about significant corporate events in a timely manner.
Form 8-K must include information such as mergers, acquisitions, changes in executive management, bankruptcy proceedings, and other significant events affecting the company.
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