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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
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Date of Report (Date of earliest event reported): October 5, 1998 (October 2,
1998)
SOUTHSIDE BANCSHARES CORP.
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(Exact name of registrant as specified in its charter)
MISSOURI
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(State or other jurisdiction of incorporation)
0-10849 43-1262037
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(Commission File Number) (IRS Employer Identification No.)
3606 GRAVOIS AVENUE, ST. LOUIS, MISSOURI 63116
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (314) 776-7000
Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
On October 2, 1998, Southside Bancshares Corp. issued a press release,
attached hereto as Exhibit 99(i) (a), announcing a 3 for 1 stock split.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED - Not applicable
(b) PRO FORMA FINANCIAL INFORMATION - Not applicable
(c) EXHIBITS - The following exhibits are included with this Report:
Exhibit 99(i)(a) 3 for 1 stock split
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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.
SOUTHSIDE BANCSHARES CORP.
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(Registrant)
October 5, 1998 By: /s/ Thomas M. Teschner
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Thomas M. Teschner,
President and Chief
Executive Officer
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EXHIBIT INDEX
Reg. S-K
Item 601
Exhibit No. Exhibit Page
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Exhibit 99(i)(a) 3 for 1 stock split....................................5
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Exhibit 99(i)(a)
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SOUTHSIDE BANCSHARES CORP. NEWS RELEASE
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NEWS FOR IMMEDIATE RELEASE
Contact: Joseph W. Pope Traded: NASDAQ/SCM
(314) 776-7000 or Symbol: SBCO
(314) 577-6628
SOUTHSIDE ANNOUNCES 3 FOR 1 STOCK SPLIT
St. Louis, October 2, 1998 - Southside Bancshares Corp. ("the Company")
announced today its Board of Directors approved a three for one stock split,
payable in the form of a stock dividend of two shares of common stock for each
common share currently outstanding. The additional shares are to be distributed
on November 15, 1998 to shareholders of record on November 2, 1998. The Company
also reported the fourth quarter dividend will be eight cents per common share
payable on December 15, 1998 to shareholders of record on December 8, 1998. The
fourth quarter dividend represents a nine percent increase over the 1998 third
quarter dividend, on a post-split equivalent basis. This marks the eleventh
consecutive increase in the Company's quarterly dividend.
"This stock dividend and the increase in the fourth quarter cash dividend both
demonstrate the Company's commitment to enhancing shareholder value, " said Mr.
Thomas M. Teschner, President and Chief Executive Officer of Southside
Bancshares Corp.
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