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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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November 4, 1997
Date of Report (Date of earliest event reported): (October 31, 1997)
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SIMMONS FIRST
NATIONAL CORPORATION SIMMONS FIRST CAPITAL TRUST
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(Exact name of registrant (Exact name of registrant
as specified in its charter) as specified in its charter)
Arkansas Delaware
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(State of Incorporation or Organization) (State of Incorporation or Organization)
0-6253 0-6253-01
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(Commission File Number) (Commission File Number)
71-0407808 62-6324443
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(IRS Employer Identification Number) (IRS Employer Identification Number)
c/o Simmons First National Corporation
501 Main Street 501 Main Street
Pine Bluff, Arkansas 71601 Pine Bluff, Arkansas 71601
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(Address of Principal Executive Offices) (Address of Principal Executive Offices)
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Not Applicable
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(Former name or former address, if changed since last report)
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ITEMS 1-4. Not applicable.
ITEM 5. OTHER EVENTS.
Effective November 17, 1997, the Liquidation Amount of each 9.12%
Cumulative Trust Preferred Security issued by Simmons First Capital Trust
will be changed from $25 to $12.50. The Trustees of the Trust are making
this change in order to meet the new listing standards of the Nasdaq National
Market and permit the Preferred Securities to continue to be listed on the
Nasdaq National Market. The joint press release of Simmons First Capital
Trust and Simmons First National Corporation announcing the change is
attached hereto as Exhibit 99(a) and is incorporated herein by this
reference.
ITEM 7. FINANCIAL STATEMENTS
PRO FORMA FINANCIAL STATEMENTS AND EXHIBITS.
(a) - (b) Not applicable.
(c) Exhibits Required by Item 601 of Regulation S-K:
99(a) Joint press release issued by Simmons First National
Corporation and Simmons First Capital Trust on
November 4, 1997.
ITEM 8. CHANGE IN FISCAL YEAR.
Not applicable.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrants have duly caused this report to be signed on their
behalf by the undersigned thereunto duly authorized.
Dated: November 4, 1997.
SIMMONS FIRST NATIONAL CORPORATION
By: /s/ J. Thomas May
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J. Thomas May
President and Chief Executive Officer
SIMMONS FIRST CAPITAL TRUST
By: /s/ J. Thomas May
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J. Thomas May
Administrative Trustee
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EXHIBIT INDEX
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Exhibit No. Description
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99(a) Joint press release issued by Simmons First National
Corporation and Simmons First Capital Trust on
November 4, 1997.
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EXHIBIT 99.(a)
FOR FURTHER INFORMATION CONTACT:
Barry L. Crow
Executive Vice President and Chief Financial Officer
Simmons First National Corporation
(501) 541-1000
FOR IMMEDIATE RELEASE NOVEMBER 4, 1997
SIMMONS FIRST NATIONAL CORPORATION AND
SIMMONS FIRST CAPITAL TRUST ANNOUNCE CHANGE IN LIQUIDATION
AMOUNT OF PREFERRED SECURITIES
Pine Bluff, Arkansas - Simmons First National Corporation and Simmons
First Capital Trust announced that, effective November 17, 1997, the
Liquidation Amount of each 9.12% Cumulative Trust Preferred Security issued
by Simmons First Capital Trust will be changed from $25 to $12.50. The
Trustees of the Trust are making this change in order to meet the new listing
standards of the Nasdaq National Market and permit the Preferred Securities
to continue to be listed on the Nasdaq National Market. This change will not
affect the aggregate Liquidation Amount of the Preferred Securities held by
any security holder, nor will it change any of the rights afforded to a
security holder under the Trust Agreement of the Trust. New certificates to
be issued by the Trust will include the new Liquidation Amount and will show
that each current security holder will hold twice as many Preferred
Securities as the current certificates presently indicate.
Simmons First National Corporation is a bank holding company located in
Pine Bluff, Arkansas, with seven subsidiary banks in Arkansas, presently
conducting banking operations at 40 locations within 21 communities in the
State of Arkansas. The Company emphasizes retail banking services, and it
considers its principal bank, Simmons First National Bank, to be a national
leader in providing credit card services. The Company and its banks also
provide guaranteed student loans, mortgage banking services and a full range
of other commercial banking services.
