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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) November 19, 1999
REPUBLIC BANCSHARES, INC.
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(Exact Name of registrant as specified in its charter)
Florida 0-27652 59-1463900
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(State or other jurisdiction) (Commission (IRS Employer
File Number) identification No.)
111 Second Avenue N.E.
St. Petersburg, FL 33701
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(Address of principal executive offices)
Registrant's telephone number, including area code (727)-823-7300
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(Former name or former address, if changed since last report)
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Item 5 - Other Events
On November 19, 1999, we announced that our Board of Directors had authorized
us to retain Heidrick & Struggles, an executive recruiting firm, to assist us
in our search for an individual who would serve as the President and Chief
Executive Officer of both Republic Bancshares, Inc. and our principal
subsidiary, Republic Bank. It was also announced that William R. Hough will
continue to be the Chairman of the Board of Directors of the Company, and that
Alfred T. May, the current President and CEO of the Company and the Bank, will
continue in his capacity of Chairman of the Board of the Bank. The content of
the report is comprised of the press release text relating to this matter
included in this filing as Exhibit 99.
Statements in this release may constitute forward-looking statements that are
based on the current beliefs and expectations of our management, as well as
assumptions made by, and information currently available to, our management.
Forward-looking statements are based largely on expectations and are subject to
a number of risks and uncertainties including but not limited to economic,
competitive and other factors affecting us and our operations.
Item 7 - Financial Statements and Exhibits
Exhibit 99
Press Release Dated November 19, 1999
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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.
REPUBLIC BANCSHARES, INC.
(Registrant)
Date: November 19, 1999 By: /s/ William R. Falzone
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William R. Falzone
Treasurer
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PRESS RELEASE
DATE: November 19, 1999
CONTACT: Alfred T. May, Chairman, President & CEO
Or
William R. Falzone, Chief Financial Officer
(727) 823-7300
FOR IMMEDIATE RELEASE
St. Petersburg, Florida (November 19, 1999) -- Republic
Bancshares, Inc. (Nasdaq: REPB), parent company of Republic Bank, today
announced that its Board of Directors had authorized the Company to retain
Heidrick & Struggles, an executive recruiting firm, to assist the Company in
its search for an individual who would serve as the President and Chief
Executive Officer of both the Company and the Bank. It was also announced that
William R. Hough will continue to be the Chairman of the Board of Directors of
the Company, and that Alfred T. May will continue in his capacity of Chairman
of the Board of the Bank. The new President and Chief Executive Officer will be
responsible for analyzing the Company's business opportunities in light of
recent banking reform legislation and determining how the Bank can be
positioned to build on its market presence and operating platform to optimize
its growth and earnings.
Mr. May, the current President and CEO of the Company and the Bank, stated "We
are looking for a new President/CEO who will focus on enhancing the Bank's
profitability and reinforcing its market image as a community oriented,
customer friendly financial institution."
