UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): February 12, 2016
UNITED COMMUNITY BANKS, INC.
(Exact name of registrant as specified in its charter)
| Georgia | No. 001-35095 | No. 58-180-7304 |
| (State or other jurisdiction of | (Commission File Number) | (IRS Employer |
| incorporation) | Identification No.) |
125 Highway 515 East
Blairsville, Georgia 30512
(Address of principal executive offices)
Registrant's telephone
number, including area code:
(706) 781-2265
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. | ||
| United Community Banks, Inc. (the “Company”) has announced that Steven J. Goldstein has retired from the board of directors (the “Board”) of the Company and its banking subsidiary, United Community Bank (“UCB”), for health reasons, effective March 1, 2016. | |||
| Kenneth L. Daniels has replaced Mr. Goldstein as chairman of the risk committees of the Company and UCB. The Company has reduced the number of seats on the Board from ten to nine and will not replace Mr. Goldstein’s seat as a result. A copy of the press release issued on February 12, 2016 announcing the resignation of Mr. Goldstein is attached as Exhibit 99.1. | |||
| Item 9.01 | Financial Statements and Exhibits. | ||
| (d) Exhibits | |||
| Exhibit No. | Description | ||
| 99.1 | Press Release dated February 12, 2016 | ||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| UNITED COMMUNITY BANKS, INC. |
| By: | /s/ Rex S. Schuette | |
| Rex S. Schuette | ||
| Executive Vice President and | ||
| Chief Financial Officer |
Date: April 27, 2016
Exhibit 99.1
For Immediate Release
For more information:
Rex S. Schuette
Chief Financial Officer
(706) 781-2266
Rex_Schuette@ucbi.com
UNITED COMMUNITY BANKS, INC. ANNOUNCES
RETIREMENT OF DIRECTOR STEVEN J. GOLDSTEIN
BLAIRSVILLE, GA – February 12, 2016 – United Community Banks, Inc. (NASDAQ: UCBI) (“United”) today announced that Director Steven J. Goldstein will retire from the board of directors of United and its banking subsidiary, United Community Bank (“UCB”), for health reasons, effective March 1, 2016.
“Steven has made tremendous contributions as chair of our Risk Committee,” said Jimmy Tallent, United’s chairman and CEO. “He has been a great friend and a real asset to our board and we wish Steven the very best.”
Mr. Goldstein joined United’s board in 2012 and also served as the chairman of the board’s Risk Committee. Current board member Kenneth L. Daniels will replace Mr. Goldstein as chairman of the Risk Committee.
About United Community Banks, Inc.
United Community Banks, Inc. (UCBI) is a bank holding company based in Blairsville, Georgia, with $9.6 billion in assets. The company’s banking subsidiary, United Community Bank, is one of the Southeast’s largest full-service banks, operating 134 offices in Georgia, North Carolina, South Carolina and Tennessee. The bank specializes in personalized community banking services for individuals, small businesses and corporations. United Community Bank offers a full range of consumer and commercial banking services including mortgage, advisory, treasury management and other products. In 2014 and 2015, United Community Bank was ranked first in customer satisfaction in the southeast by J.D. Power and again in 2016 was ranked among the top 100 on the Forbes list of America’s Best Banks. Additional information about the company and the bank’s full range of products and services can be found at www.ucbi.com.
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