secwatch.observer — SEC 8-K summary
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Issuer:     HEARTLAND FINANCIAL USA INC (—)
CIK:        0000920112
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0001140361-24-022730
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HTLF and UMB announce merger; HTLF shareholders to receive 0.55 UMB shares per HTLF share
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- Each HTLF common share converts into 0.55 UMB common shares; HTLF preferred converts into new UMB preferred series.
- Two-step merger: HTLF first into UMB subsidiary, then into UMB; bank subsidiary merger follows.
- Combined board of 16 directors: 11 from UMB, 5 from HTLF.
- Termination fee of $70 million payable by either party under specified circumstances.
- Regulatory approvals needed from Fed and OCC; shareholder votes required from both HTLF and UMB.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920112/000114036124022730/0001140361-24-022730-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920112/000114036124022730/ny20027917x1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-022730

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