secwatch.observer — SEC 8-K summary
======================================

Issuer:     Stellar Bancorp, Inc. (STEL)
CIK:        0001473844
Form:       8-K
Filed at:   2022-10-03T23:59:59+00:00
Accession:  0001104659-22-104952
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.01, 2.03, 3.03, 5.01, 5.02, 5.03, 5.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stellar Bancorp completes merger with Allegiance; ticker changes to STEL, executives named
--------------------------------------------------------------------------------

- Merger of equals closed Oct 1, 2022; Allegiance shareholders received 1.4184 Stellar shares per share.
- Company renamed Stellar Bancorp, Inc.; ticker changes from CBTX to STEL; authorized shares increased to 140M.
- Assumed ~$111.3M debt: $7.7M and $3.6M trust preferred, $60M sub notes, $40M Combined Bank notes.
- Board reconstituted to 14 directors (7 legacy CBTX, 7 legacy Allegiance); Franklin CEO, Retzloff Exec Chairman, Vitulli President, Egge CFO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473844/000110465922104952/0001104659-22-104952-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473844/000110465922104952/tm2227178d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-104952

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer