secwatch.observer — SEC 8-K summary
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Issuer:     Independent Bank Group, Inc. (—)
CIK:        0001564618
Form:       8-K
Filed at:   2025-01-02T23:59:59+00:00
Accession:  0000950103-25-000002
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Independent Bank Group completes merger into SouthState; shareholders get 0.60 shares per IBTX share
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- Merger closed Jan 1, 2025; IBTX shareholders received 0.60 shares of SouthState per IBTX share (~24.9M SouthState shares issued).
- IBTX common stock delisted from NASDAQ effective Jan 2, 2025; Form 15 to be filed to deregister.
- Three former IBTX directors (David R. Brooks, G. Stacy Smith, Janet P. Froetscher) appointed to SouthState board.
- IBTX's $100M revolving credit facility with U.S. Bank National Association terminated upon closing.
- John G. Turpen's employment agreement with IBTX terminated at effective time; he ceased as executive officer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1564618/000095010325000002/0000950103-25-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1564618/000095010325000002/dp222979_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-000002

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