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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): June 8, 1998
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Southwest Bancorp, Inc.
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(Exact name of registrant as specified in its charter)
Oklahoma 0-23064 73-1136584
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(State or other jurisdiction (Commission file (IRS Employer
of incorporation) number) Identification Number)
608 South Main Street, Stillwater, Oklahoma 74074
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (405) 372-2230
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Item 5. Other Events.
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For information regarding this item, see the Press Release filed as Exhibit 99.1
hereto.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(a) Financial Statements. Not applicable.
(b) Pro Forma Financial Information. Not applicable.
(c) Exhibit 99.1- Press Release dated June 5, 1998.
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.
Southwest Bancorp, Inc.
By: /s/ Kerby Crowell
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Kerby Crowell, Executive Vice President
& CFO
Dated: June 8, 1998
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EXHIBIT 99.1
Southwest Bancorp, Inc.
CONTACT: ROBERT L. MCCORMICK, JR., CHAIRMAN, PRESIDENT & CEO
KERBY CROWELL, EXECUTIVE VICE PRESIDENT & C.F.O.
TELEPHONE: (405) 372-2230
RELEASE DATE: June 5, 1998
SOUTHWEST BANCORP, INC.
ANNOUNCES INTENTION TO REDEEM SERIES A PREFERRED STOCK
Southwest Bancorp, Inc. (NASDAQ:OKSB, OKSBP, OKSBO), the Oklahoma-based parent
company of the Stillwater National Bank and Trust Company, today announced its
intention to redeem all of the 690,000 outstanding shares of its 9.20%
Redeemable, Cumulative Preferred Stock, Series A, (NASDAQ:OKSBP) on or after
September 1, 1998. The Company will cause a notice to be sent to the holders of
the Preferred Stock advising them of the redemption procedures. Under the terms
of the Preferred Stock, the redemption will be paid in cash at the price of
$25.00 per share (total, $17.25 million) plus accumulated, unpaid dividends to
the date of redemption.
THIS REDEMPTION DOES NOT APPLY TO THE OUTSTANDING 9.30% CUMULATIVE TRUST
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PREFERRED SECURITIES (NASDAQ:OKSBO) ISSUED IN 1997.
Southwest Bancorp, Inc. is a publicly-owned company headquartered in Oklahoma.
Its subsidiary, the Stillwater National Bank and Trust Company, operates six
full-service banking offices located in Stillwater, Tulsa, Oklahoma City and
Chickasha, Oklahoma.
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