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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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):
December 16, 1999
AMSOUTH BANCORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 1-7476 63-0591257
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
AMSOUTH-SONAT TOWER
1900 FIFTH AVENUE NORTH
BIRMINGHAM, ALABAMA 35203
(Address, including zip code, of principal executive office)
Registrant's telephone number, including area code: (205) 320-7151
Not applicable
(Registrant's former address of principal executive office)
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Item 5. Other Events.
AmSouth Bancorporation ("AmSouth") is filing this Current Report on
Form 8-K to report the election of Thomas E. Hoaglin as Vice Chairman, and as a
member of the Board of Directors, of AmSouth Bancorporation and AmSouth Bank
effective February 1, 2000. The press release announcing this action is attached
hereto as Exhibit 99 and is incorporated as part of this Current Report on Form
8-K.
Item 7. Financial Statements and Exhibits.
The following exhibit is filed as part of this Current Report on Form
8-K:
Exhibit No. Exhibit
99 Press Release of December 16, 1999.
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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.
AMSOUTH BANCORPORATION
By: /s/ Carl L. Gorday
Name: Carl L. Gorday
Title: Assistant Secretary
Date: December 30, 1999
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Exhibit 99
FOR IMMEDIATE RELEASE
Contact: (Investment Community) List Underwood (205) 801-0265
(News Media) Jim Underwood (205) 326-5184
Thomas E. Hoaglin, a 26-year Bank One veteran who had led that company's banks
in Ohio and in Texas, has been named vice chairman of AmSouth Bancorporation and
AmSouth Bank. He will be responsible for the company's Consumer Banking,
Commercial Banking, and Trust and Investment lines of business as well as all of
the company's geographic areas.
Hoaglin also has been elected to the AmSouth board of directors and will join
AmSouth's 12-member management committee.
In making today's announcement, AmSouth president and chief executive officer,
C. Dowd Ritter, said, "Tom Hoaglin is an outstanding banker who brings strong
executive leadership and managerial skills to his position as vice chairman. He
comes to us from a $250 billion asset company, and we will benefit significantly
from his experience and depth of banking industry knowledge."
Ritter added that Hoaglin's skills complement an already strong senior
management team, which consists of both career AmSouth bankers as well as
professionals recruited in recent years from larger and more diverse financial
institutions. He noted that this mix of senior management has often been cited
as one of the key reasons for AmSouth's tremendous success over the past five
years.
"We have doubled our size to more than $43 billion with our acquisition of
First American Corporation earlier this year, and Tom adds the additional depth
of management we need to continue our top performance in our industry," Ritter
said.
Hoaglin has had significant experience in both line management as well as merger
and integration management. He began his banking career in 1973 at Bank One,
leading progressively larger sized banks in Ohio until being named as Bank One's
president of its then newly acquired bank in Texas in 1989.
In 1992 Hoaglin was named chairman and chief executive officer of Bank One Ohio
Corporation, which encompassed not only the company's lead bank in Ohio but also
affiliate banks in West Virginia and Michigan. Hoaglin was a member of Bank
One's senior-most 10-person management committee responsible for financial
performance and strategic direction of the company.
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In 1996 Hoaglin was chosen to chair "Project One," a two-year, company-wide
project to change the infrastructure of the entire Bank One organization. He led
a team of 800 employees in this endeavor. Beginning in 1998, Hoaglin served as
co-leader of the merger implementation team for Bank One's merger with First
Chicago Corporation, representing Bank One.
Hoaglin received his M.B.A. from Stanford University in 1973 and a bachelor's
degree from Denison University in Granville, Ohio in 1971.
Hoaglin serves on the boards of several professional, civic and educational
organizations including his alma mater Denison University, where he recently
chaired a presidential search committee. He is also a member of the governing
bodies of Gorman-Rupp Company and the Ohio Health Corporation. He is active in
the Financial Services Roundtable and the American Bankers Council.
AmSouth Bancorporation is a regional bank holding company headquartered in
Birmingham with $43.4 billion in assets and approximately 660 branch banking
offices and 1,365 ATMs. As the 20th largest bank holding company in the nation,
AmSouth has leading market positions in Tennessee, Florida, Alabama and
Mississippi, and a presence in Georgia, Louisiana, Arkansas, Kentucky and
Virginia. AmSouth is a leader among regional banks in the Southeast in several
key business segments, including consumer and commercial banking, small business
banking, mortgage lending, equipment leasing, annuity and mutual fund sales, and
trust asset management.
