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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
November 10, 1998
Date of Report (Date of earliest event reported)
TRUSTMARK CORPORATION
(Exact name of registrant as specified in its charter)
Mississippi 0-3683 64-0471500
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
248 East Capitol Street
Jackson, MS 39201
(Address, including zip code, of principal executive office)
(601) 354-5111
(Registrant's telephone number, including area code)
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Item 5. Other Events.
On Tuesday, November 10, 1998, Trustmark Corporation's Board of Directors
authorized the repurchase of up to 7.5%, or approximately 5.46 million shares,
of the Corporation's common stock. The repurchase program, which is subject to
market conditions and management discretion, will be implemented through open
market purchases or privately negotiated transactions.
Trustmark also announced a 27% increase in its regular quarterly dividend from
8.25 cents to 10.5 cents per share. The Board of Directors declared the dividend
payable on December 15, 1998, to shareholders of record as of December 1, 1998.
This action raises the annual dividend rate from 33 cents to 42 cents per share.
In making these announcements, Richard G. Hickson, Trustmark's President and
Chief Executive Officer said "The decisions to initiate this repurchase program
and to significantly increase our dividend are votes of confidence in the
inherent value in Trustmark shares."
Trustmark Corporation, whose stock is traded on the NASDAQ exchange (TRMK), is
the parent company of Trustmark National Bank which is headquartered in Jackson,
Mississippi. Trustmark National Bank operates 140 branch locations and 147 ATMs
in Mississippi.
To the extent that statements in this report relate to the plans, objectives or
future performance of Trustmark Corporation, these statements may be deemed to
be forward looking statements. Such statements are based on management's current
expectations and the current economic environment. Actual strategies and results
in future periods may differ materially from those currently expected due to
various risks and uncertainties. Additional discussion of factors affecting the
company's business and prospects is contained in its periodic filings with the
Securities and Exchange Commission.
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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.
TRUSTMARK CORPORATION
BY: /s/ Frank R. Day BY: /s/ Richard G. Hickson
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Frank R. Day Richard G. Hickson
Chairman of the Board President & Chief
Executive Officer
DATE: November 12, 1998 DATE: November 12, 1998
BY: /s/ Gerard R. Host
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Gerard R. Host
Treasurer
(Chief Financial and
Accounting Officer)
DATE: November 12, 1998
