secwatch.observer — SEC 8-K summary
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Issuer:     Stellar Bancorp, Inc. (STEL)
CIK:        0001473844
Form:       8-K
Filed at:   2026-01-29T23:59:59+00:00
Accession:  0001104659-26-007678
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stellar Bancorp to be acquired by Prosperity Bancshares in stock-and-cash deal
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- Stellar stockholders to receive 0.3803 Prosperity shares and $11.36 cash per share.
- Termination fee of $78 million payable by Stellar under certain conditions.
- Directors holding ~8.8% of Stellar shares entered voting agreements to support the merger.
- Two Stellar directors to join Prosperity board after closing; Stellar equity awards cashed out.
- Closing requires Stellar shareholder vote, regulatory approvals, and no legal restraints.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473844/000110465926007678/0001104659-26-007678-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473844/000110465926007678/tm264235d6_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-007678

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