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0001053584
0001053584
2023-10-26
2023-10-26
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 26, 2023
MACATAWA BANK CORPORATION
(Exact name of registrant as specified in its charter)
Michigan
(State or other jurisdiction of
Incorporation)
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000-25927
(Commission File Number)
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38-3391345
(I.R.S. Employer
Identification No.)
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10753 Macatawa Drive, Holland, Michigan
(Address of principal executive
offices)
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49424
(Zip Code)
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(616) 820-1444
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former name or former address, if changed since last year)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading symbol(s)
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Name of each exchange on which registered
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Common stock
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MCBC
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NASDAQ
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure
On October 26, 2023, Macatawa Bank Corporation issued a press release announcing that its Board of Directors has declared a quarterly cash dividend of $0.09 per share of common stock, representing a 12% increase from the previous quarterly dividend rate of $0.08 per share of common stock.
The information in this Item 7.01 and the press release attached as Exhibit 99.1 are furnished pursuant to Item 7.01 and are not deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933 except as expressly set forth by specific reference in such a filing.
Item 8.01 Other Events
The Board of Directors of Macatawa Bank Corporation declared a quarterly cash dividend of $0.09 per share of common stock to be paid on November 29, 2023, to shareholders of record as of the close of business on November 14, 2023.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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SIGNATURES
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.
Dated: October 26, 2023
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MACATAWA BANK CORPORATION
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By
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/s/ Jon W. Swets
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Jon W. Swets
Chief Financial Officer
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