UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Exchange Act of 1934
Date
of
Report (Date of earliest event reported) November 28, 2007
SIMMONS
FIRST NATIONAL CORPORATION
(Exact
name of registrant as specified in its charter)
Arkansas
|
0-6253
|
71-0407808
|
(State
or other jurisdiction
|
(Commission
|
(I.R.S.
Employer
|
of
incorporation)
|
File
Number)
|
Identification
No.)
|
501
Main Street, Pine Bluff, Arkansas
|
71601
|
(Address
of principal executive offices)
|
(Zip
Code)
|
(870)
541-1000
(Registrant's
telephone number, including area code)
Not
Applicable
(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. below):
[ ]
|
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))
|
The
following is the text of a press release issued by the registrant at 4:15
P.M.
Central Time on November 28, 2007.
SIMMONS
ADOPTS NEW STOCK REPURCHASE PROGRAM
Pine
Bluff, AR - - J. Thomas May, chairman and chief executive officer of Simmons
First National Corporation (NASDAQ-GS: SFNC), has announced the substantial
completion of the existing stock repurchase program and the adoption by the
Board of Directors of a new stock repurchase program. The new program
authorizes the repurchase of up to 700, 000 shares of Class A common stock,
or
approximately 5% of the outstanding common stock. The shares are to
be purchased from time to time at prevailing market prices, through open
market
or unsolicited negotiated transactions, depending upon market
conditions.
The
Corporation may discontinue purchases at any time that management determines
additional purchases are not warranted. SFNC intends to use the
repurchased shares to satisfy stock option exercises, payment of future stock
dividends and general corporate purposes.
"We
believe our stock, at its current price, is an excellent investment", May
said. "The repurchase program will allow us to acquire shares needed
for corporate purposes as well as make an investment in our organization
which
demonstrates our commitment and confidence in its future."
Under
the
repurchase program, there is no time limit for the stock repurchases, nor
is
there a minimum number of shares that the Corporation intends to
repurchase.
Simmons
First National Corporation is a
financial holding company with eight community banks in Pine Bluff, Lake
Village, Jonesboro, Rogers, Searcy, Russellville, El Dorado, and Hot Springs,
Arkansas. The Company's eight banks conduct financial operations from 86
offices, of which 83 are financial centers, in 47 communities.
#
# # # #
# # # # #
FOR
MORE
INFORMATION CONTACT:
DAVID
W.
GARNER
Senior
Vice President and Investor Relations Officer
Simmons
First National Corporation
(870)
541-1000
Ticker
symbol: SFNC
SIGNATURE
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.