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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): January 6, 1999
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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) 372-2300
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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 January 6, 1999.
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: January 7, 1999
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EXHIBIT 99.1
Southwest Bancorp, Inc.
PRESS RELEASE
FOR IMMEDIATE RELEASE
CONTACT: ROBERT L. MCCORMICK, JR., CHAIRMAN OF THE BOARD
KERBY CROWELL, EXECUTIVE VICE PRESIDENT & C.F.O.
TELEPHONE: (405) 372-2230
RELEASE DATE: January 6, 1999
SOUTHWEST BANCORP, INC.
ANNOUNCES PLANNED OFFERING OF COMMON STOCK
Southwest Bancorp, Inc. (NASDAQ: OKSB, OKSBO), the Oklahoma-based parent
company of the Stillwater National Bank and Trust Company, today announced that
it had entered into an agreement with the Estate of Paul C. Wise and Dr. James
B. Wise that calls for the sale of their shares in a proposed registered public
offering. Together, the Estate and Dr. Wise own approximately 811,000 shares,
which represent approximately 21% of the Company's outstanding common stock. The
agreement also calls for the Company, or the Company and other selling
shareholders, if any, to sell 250,000 additional shares, and calls for the
Company to grant an over-allotment option to the underwriter for an additional
15% of the shares subject to the offering. The total offering would consist of
approximately 1,061,000 shares, exclusive of shares that may be sold upon
exercise of the over-allotment option. Shares sold by the Company would be newly
issued. The offering would be done pursuant to a firm underwriting commitment.
The Company expects to file a Registration Statement with the Securities and
Exchange Commission for this proposed offering in the next several weeks.
The securities described herein may not be sold other than by means of a
prospectus, nor may offers to buy be accepted prior to the time the Registration
Statement containing such a prospectus becomes effective. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state.
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