Business Context and Reporting Period
Company: Regions Financial Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: May 24, 2013
Subject: Temporary suspension of trading (blackout period) for the Regions Financial Corporation 401(k) Plan due to a change in recordkeeper.
Financial Metrics
This filing does not contain financial performance data. The text does not provide values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The filing reports an administrative change rather than a financial or operational shift. The material event is the scheduled transition of the 401(k) Plan recordkeeper, effective July 1, 2013.
Outlook, Risks, and Unusual Items
- Blackout Period: A trading blackout is scheduled to begin at 3 p.m. Central Time on June 25, 2013, and is expected to end the week of July 8, 2013.
- Restrictions: During this period, participants cannot make changes to investment allocations, request withdrawals, or conduct other account transactions.
- Compliance: Notices were sent to Section 16 officers and directors in accordance with Section 306 of the Sarbanes-Oxley Act of 2002 and SEC Regulation Blackout Trading Restriction.
- Contact Information: Participants may contact Mercer HR Services, LLC at 800-370-9942 for details.
Key Facts for Investor Verification
- Verify the exact end date of the blackout period, as the filing states it is "expected" to end the week of July 8, 2013.
- Confirm the identity of the new recordkeeper replacing the current provider.
- Review the attached Exhibit 99.1 for the full text of the notice sent to plan participants.
- Check for any subsequent 8-K filings if the blackout period is extended beyond the expected date.