Business
First Financial Bankshares Announces Two-For-One Stock Split And Increase In Cash Dividend At Annual Meeting
ABILENE, Texas, April 23, 2019 /PRNewswire/ -- First Financial Bankshares, Inc. (NASDAQ: FFIN) – In connection with the 2019 Annual Shareholders' Meeting, the
About this update from First Financial Bankshares, Inc.
[{"type":"text","content":"ABILENE, Texas, April 23, 2019 /PRNewswire/ -- First Financial Bankshares, Inc. (NASDAQ: FFIN) – In connection with the 2019 Annual Shareholders' Meeting, the Board of Directors of First Financial Bankshares, Inc. today declared a two-for-one stock split in the form of a 100 percent stock dividend. The stock split will be effective for shareholders of record on May 15, 2019, with distribution on June 3, 2019. The Board also declared a $0.12 per share cash dividend for the second quarter, post-split, which represents a 14.3 percent increase and will be paid to shareholders of record on June 17, 2019, with payment set for July 1, 2019.\nAt the Shareholders' Meeting, shareholders elected Mike Denny, Owner/President of Batjer and Associates, Inc. from Abilene, Texas and Robert Nickles, Jr., Executive Chairman of Alegacy Group, LLC from Houston, Texas to the Company's Board of Directors.\nShareholders also re-elected ten existing members to the Board of Directors. The re-elected directors are April Anthony, CEO, Encompass Health - Home Health and Hospice and Homecare Homebase, Dallas; Tucker S. Bridwell, President of Mansfeldt Investment Corporation, Abilene; David Copeland, President, SIPCO, Inc., and Shelton Family Foundation, Abilene; F. Scott Dueser, Chairman, President and CEO of First Financial Bankshares, Abilene; Murray Edwards, Principal, The Edwards Group, Clyde; Ron Giddiens, investment and business consultant, San Angelo; Tim Lancaster, retired President and CEO of Hendrick Health System, Lubbock; Kade Matthews, ranching and investments, Amarillo; Ross H. Smith Jr., Chairman and President, Akrotex Inc., Orange; and Johnny E. Trotter, President and CEO, Livestock Investors, Ltd., Hereford.\n\"We are pleased to announce this stock split and an increase of our quarterly cash dividend for our shareholders,\" said F. Scott Dueser, Chairman, President and CEO. \"We also welcome Mike Denny and Bob Nickles to the Board of Directors and know their business experience and expertise will greatly benefit First Financial Bankshares.\"\nIn other business, shareholders approved the advisory vote on compensation on named executive officers, ratified the Board's selection of Ernst & Young LLP as the Company's independent auditors and approved an amendment to the Amended and Restated Certificate of Formation to increase the number of a...