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
(d) EXHIBITS
99.1 Press Release issued by SmartFinancial, Inc., dated October 27, 2020
104Cover Page Interactive Data File (formatted as inline XBRL and contained in
Exhibit 101)
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