{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-008442","form_type":"8-K","ticker":"SSB","cik":"0000764038","company_name":"SouthState Bank Corp","filed_at":"2024-05-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.926181+00:00","generated_at":"2026-06-01T13:45:28.919635+00:00","sec_items":["1.01","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"SouthState to acquire Independent Bank Group in all-stock merger; IBTX shareholders to get 0.60 SSB shares each","bullets":["Each IBTX share converted into 0.60 SouthState shares; fractional shares paid in cash.","Termination fee: IBTX pays $60.9M to SSB; SSB pays $186M to IBTX under certain conditions.","IBTX directors and Vincent J. Viola (13.2% of IBTX shares) sign support agreements to vote for deal.","IBTX CEO David Brooks to receive $12.8M severance plus $5M transaction bonus; will join SouthState board until 2027.","Deal subject to shareholder approvals, regulatory consents, and other customary conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-008442","json":"https://secwatch.observer/filing/0001558370-24-008442.json","markdown":"https://secwatch.observer/filing/0001558370-24-008442.md","text":"https://secwatch.observer/filing/0001558370-24-008442.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/764038/000155837024008442/0001558370-24-008442-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/764038/000155837024008442/ssb-20240517x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T13:45:28.919635+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b6974030a9","claim":"David Brooks was appointed as member of the board of directors at SouthState Bank Corp.","evidence_excerpt":"SouthState entered into a transition agreement with Mr. David Brooks setting forth the terms of his service as a member of the board of directors of SouthState for a period from the effective time of the Merger until the date of SouthState’s annual meeting of shareholders expected to be held in April 2027","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/764038/000155837024008442/0001558370-24-008442-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"member of the board of directors"}],"fact_type":"executive_change"},{"claim_id":"d93186ec5ee36907249638ea6826fedb87be96c6","claim":"SouthState Bank Corp entered into Agreement and Plan of Merger with Independent Bank Group, Inc. (effective 2024-05-17).","evidence_excerpt":"On May 17, 2024, SouthState Corporation, a South Carolina corporation (“SouthState”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Independent Bank Group, Inc., a Texas corporation (“IBTX”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/764038/000155837024008442/0001558370-24-008442-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Independent Bank Group, Inc."},{"label":"Effective","value":"2024-05-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}