SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Item 7.01 Regulation FD Disclosure.
On October 23, 2020, the board of directors of SmartFinancial, Inc. (“SmartFinancial”) declared a quarterly cash dividend of $0.05 per share of SmartFinancial common stock (the “Dividend”) payable on November 23, 2020, to shareholders of record as of the close of business on November 9, 2020. On October 27, 2020, SmartFinancial issued a press release announcing the Dividend. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.
Item 8.01 Other Events.
SmartFinancial announced on October 27, 2020 the resumption of its stock repurchase plan that was previously approved on November 20, 2018 (the “Repurchase Plan”). Under the Repurchase Plan, SmartFinancial may, but is not required to, repurchase up to an aggregate of $10.0 million of shares of SmartFinancial’s issued and outstanding common stock in any manner determined appropriate by SmartFinancial’s management and in accordance with applicable legal requirements.
On October 27, 2020, SmartFinancial issued a press release announcing the resumption of the Repurchase Plan. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits
104Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 27, 2020
/s/ William Y. Carroll, Jr.
William Y. Carroll, Jr.
President & Chief Executive Officer