secwatch.observer — SEC 8-K summary
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Issuer:     UMB FINANCIAL CORP (UMBF)
CIK:        0000101382
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0001193125-24-120054
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UMB Financial to acquire Heartland Financial in stock merger; exchange ratio 0.55
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- UMB Financial to acquire Heartland Financial in a stock merger; each HTLF share exchanged for 0.55 UMBF shares.
- Combined board expands to 16 directors, with 5 from HTLF.
- To fund the deal, UMBF entered a forward sale agreement for 2.8M shares at $72 each, with an option for 420k more.
- Transaction subject to regulatory approvals (Fed, OCC), shareholder votes, and termination fee of $70M.
- HTLF CEO Bruce K. Lee (0.02% stake) agreed to vote his shares in favor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101382/000119312524120054/0001193125-24-120054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101382/000119312524120054/d808030d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-120054

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