Business Context and Reporting Period
This Form 8-K is filed by First PacTrust Bancorp, Inc. (not BANC OF CALIFORNIA, INC. as indicated in metadata) for the reporting period ending June 28, 2013. The filing addresses the exercise of an over-allotment option related to a recently completed underwritten public offering of voting common stock.
Key Financial Metrics
The filing does not provide standard financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial data disclosed relates to the specific equity transaction:
- Shares Issued: 360,000 shares of Common Stock.
- Price per Share: $13.00.
- Transaction Type: Exercise of over-allotment option by underwriters.
Material Changes
The material change reported is the increase in outstanding shares due to the underwriters' exercise of their option to purchase an additional 360,000 shares to cover over-allotments. This action follows the terms of the Underwriting Agreement dated June 21, 2013, with Raymond James & Associates, Inc. as representative.
Guidance, Outlook, and Risks
Closing Date: The issuance of the shares is expected to close on July 2, 2013.
Forward-Looking Statements: The filing includes standard disclaimers that actual results could differ materially from anticipated results due to various risks and uncertainties. The company undertakes no obligation to update these statements.
Investor Verification Checklist
- Verify the closing of the 360,000 share issuance on or around July 2, 2013.
- Confirm the total capital raised from the initial offering plus this over-allotment exercise.
- Review the full Underwriting Agreement dated June 21, 2013, for additional terms.
- Check subsequent filings for the updated share count and capital structure.