Item 2.02 Results of Operations and Financial Condition.
On January 27, 2022, Hilltop Holdings Inc., or the Company, issued a press
release announcing its results of operations and financial condition as of and
for the three months and year ended December 31, 2021. The text of the release
is set forth in Exhibit 99.1 attached to this Current Report on Form 8-K and is
incorporated herein by reference.
The information in this Item (including Exhibit 99.1) is being furnished
pursuant to Item 2.02 and shall not be deemed to be "filed" for the purposes of
Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise
subject to liabilities of that section, nor shall it be deemed incorporated by
reference in any filing under the Securities Act of 1933, as amended, except as
expressly set forth in such filing.
Item 8.01 Other Events.
On January 27, 2022, the Board of Directors of the Company declared a quarterly
cash dividend of $0.15 per common share, payable on February 28, 2022, to
stockholders of record as of the close of business on February 15, 2022.
Additionally, on January 27, 2022, the Board of Directors of the Company
authorized a new stock repurchase program through January 2023. Under the
program, the Company is authorized to repurchase, in the aggregate, up to $100.0
million of its outstanding common stock in open market purchases or through
privately negotiated transactions as permitted under Rule 10b-18 promulgated
under the Securities Exchange Act of 1934. The extent to which the Company
repurchases its shares and the timing of such repurchases will depend upon
market conditions and other corporate considerations, as determined by the
Company's management team. Any repurchases will be funded from available cash
balances.
Item 9.01 Financial Statements and Exhibits.
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Shell company transactions.
Not applicable.
(d) Exhibits.
The following exhibit(s) are filed or furnished, depending on the relevant item
requiring such exhibit, in accordance with the provisions of Item 601 of
Regulation S-K and Instruction B.2 to this form.
Exhibit
Number Description of Exhibit
99.1 Press Release issued January 27, 2022 (furnished pursuant to
Item 2.02).
104 Cover Page Interactive File (formatted as Inline XBRL).
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