Hills Bancorporation
05/20/2026 | Press release | Distributed by Public on 05/20/2026 09:53
Amendments to Bylaws (Form 8-K)
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On April 14, 2026, the Board of Directors of Hills Bancorporation approved an amendment (the "Amendment") to the Company's Restated Articles of Incorporation (the "Articles") pursuant to paragraph 4 of ยง1005 of the Iowa Business Corporation Act, Chapter 490, Code of Iowa, to increase the number of shares of stock that the Company is authorized to issue from 20,000,000 shares of common stock, no par value, to 40,000,000 shares of common stock, no par value. The Amendment was adopted by the Board in order to effect a two-for-one split of each issued and unissued authorized share of the Company's common stock (the "Stock Split"). The Board of Directors determined that one additional share of common stock will be issued to shareholders of record as of the close of business on June 1, 2026 (the "Record Date") for each share held thereby on the Record Date, which shares shall be paid on June 8, 2026.
Articles of Amendment to the Restated Articles of Incorporation were filed with the Iowa Secretary of State to effect the Amendment on May 15, 2026. The text of the Amendment is attached hereto as Exhibit 3.1.
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