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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
8-K
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported): February 15,
2018
BANC OF CALIFORNIA, INC.
(Exact name of registrant as specified in its charter)
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Maryland
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001-35522
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04-3639825
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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3 MacArthur Place, Santa Ana, California
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92707
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code:
(855) 361-2262
N/A
(Former
name or former address, if changed since last report)
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 (see General Instruction
A.2.):
☐
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
☐
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
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. ☐
On
February 15, 2018, Banc of California, Inc. (the
“Company”) announced that its Board of Directors has
declared a quarterly cash dividend of $0.13 per share on its
outstanding common stock. The dividend will be payable on April 2,
2018 to stockholders of record as of March 15, 2018.
The
Company also announced that the Board has declared a quarterly
dividend on its outstanding Series C, D and E Preferred Stock in
the amount of $0.50, $0.460938 and $0.4375 per depositary share,
respectively, representing an annualized yield of 8.00%, 7.375% and
7.00%, respectively, on the liquidation preference amount ($25 per
depositary share). The dividend will be payable on March 15, 2018
to record holders as of March 1, 2018 of depositary shares relating
to the underlying Series C, D and E Preferred Stock.
A copy
of the press release is attached to this report as Exhibit 99.1 and
incorporated by reference herein.
Item
9.01
Financial
Statements and Exhibits.
(d)
Exhibits
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Exhibit
Number
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Description
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Banc of
California, Inc. Press Release dated February 15,
2018.
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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.
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February 15,
2018
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BANC
OF CALIFORNIA, INC.
/s/ John A.
Bogler
John A.
Bogler
Executive Vice
President and Chief Financial Officer
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