Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MCBC | Common Stock | Disposed to Issuer | -27.1K | -100% | 0 | Aug 1, 2024 | Direct | F1 | ||
transaction | MCBC | Common Stock | Disposed to Issuer | -1K | -100% | 0 | Aug 1, 2024 | By spouse | F1 |
Robert L. Herr is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
---|---|
F1 | On August 1, 2024, Wintrust Financial Corporation ("Wintrust") acquired the Issuer pursuant to an Agreement and Plan of Merger, dated as of April 15, 2024 (the "Merger Agreement"), by and among the Issuer, Wintrust and Leo Subsidiary LLC, a Michigan limited liability company and wholly owned subsidiary of Wintrust ("Merger Sub"). In accordance with the Merger Agreement, Merger Sub merged with and into the Issuer (the "Merger") with Merger Sub surviving the Merger as a wholly owned subsidiary of Wintrust. At the Effective Time (as defined in the Merger Agreement), each issued and outstanding share of Issuer common stock, no par value automatically converted into the right to receive 0.137 shares of Wintrust common stock, no par value (the "Merger Consideration"). All restricted stock awarded under the Issuer's Stock Incentive Plan of 2015 vested immediately prior to the Effective Time and converted into the right to receive the Merger Consideration. |