UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Exchange Act of 1934
Date of Report (Date of earliest event reported) June 12, 2000
SIMMONS FIRST NATIONAL CORPORATION
(Exact name of registrant as specified in its charter)
Arkansas 0-6253 71-0407808
(State or other jurisdiction of (Commission (I.R.S. employer
incorporation or organization) file number) identification No.)
501 Main Street, Pine Bluff, Arkansas 71601
(Address of principal executive offices) (Zip Code)
(870) 541-1000
(Registrant's telephone number, including area code)
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ITEM: 5
The following is the text of a press release issued by the registrant at 4:00
P.M. Central Standard Time on June 12, 2000.
FOR RELEASE: Monday, June 12, 2000
SIMMONS FIRST ANNOUNCES STOCK REPURCHASE PROGRAM
Pine Bluff, AR - - J. Thomas May, chairman, president and chief executive
officer of Simmons First National Corporation (SFNC), has announced the adoption
of a stock repurchase program by the Corporation. The program, as approved by
the Board of Directors, authorizes the repurchase of up to 200,000 shares, or
approximately 2.7 percent of the outstanding shares. The shares will be
purchased from time to time at prevailing market prices, through open market or
unsolicited negotiated transactions, depending upon market conditions.
The Corporation may discontinue purchases at any time that management
determines additional purchases are not warranted. SFNC intends to use the
repurchased shares to satisfy stock option exercises, payment of future stock
dividends and general corporate purposes.
"We believe our stock is an excellent investment at its current price
range", May said. "The repurchase program will allow us to acquire shares needed
for corporate purposes as well as make an investment in our organization which
demonstrates our commitment and confidence in its future."
Under the repurchase program, there is no time limit for the stock
repurchases, nor is there a minimum number of shares that the Corporation
intends to repurchase.
Simmons First National Corporation is a $1.7 billion multi-bank holding
company, with community banks headquartered in Pine Bluff, Jonesboro, Lake
Village, Dumas, Rogers, Russellville, Searcy and El Dorado, Arkansas. The
Company's eight banks conduct financial operations from 54 offices in 30
communities throughout Arkansas.
# # #
FOR MORE INFORMATION CONTACT:
Barry L. Crow
Executive Vice President and Chief Financial Officer
Simmons First National Corporation
870-541-1350
Ticker symbol: SFNCA
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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, thereunto duly authorized.
SIMMONS FIRST NATIONAL CORPORATION
Date: June 12, 2000 /s/ J. Thomas May
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J. Thomas May, Chairman, President &
Chief Executive Officer
