Item 8.01. Other Events.
On February 26, 2020, the Board of Directors of National Bank Holdings
Corporation (the "Company") authorized a new program to repurchase up to $50.0
million of the Company's common stock from time to time either in the open
market or in privately negotiated transactions in accordance with applicable
regulations of the Securities and Exchange Commission. To date, the Company has
repurchased $37.4 million of its previously authorized $50.0 million stock
repurchase program announced in August 2016. The new program will go into effect
once the existing program is completed.
As of the close of business on February 25, 2020, the Company had outstanding
31,177,476 shares of Class A Common Stock, excluding 120,623 shares of
restricted Class A common stock issued but not yet vested. Since early 2013, the
Company has repurchased 26.6 million shares, or 52% of shares issued, at a
weighted average price of $20.03 per share.
The press release issued by the Company is included as Exhibit 99.1 to this
Current Report on Form 8-K and incorporated into this Item 8.01 by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description of Exhibit
99.1 Press release dated February 26, 2020
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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