Current Report Filing (8-k)
June 28 2017 - 5:09PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported)
June 28, 2017
Citigroup Inc.
(Exact name of registrant as specified in
its charter)
Delaware
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1-9924
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52-1568099
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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388 Greenwich Street, New York, New York 10013
(Address of principal executive offices)
(Zip Code)
(212) 559-1000
(Registrant’s telephone number, including
area code)
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:
☐ 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))
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange
Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. ☐
Citigroup Inc.
Current Report on Form 8-K
Item 8.01. Other Events.
On June 28, 2017, the Federal Reserve Board
advised Citi that it does not object to the planned capital actions requested by Citi as part of the 2017 Comprehensive Capital
Analysis and Review. The planned capital actions include an increase of Citi’s quarterly common stock dividend to $0.32 per
share (subject to quarterly approval by Citi’s Board of Directors), as well as a common stock repurchase program of up to
$15.6 billion during the four quarters starting in the third quarter of 2017. These planned capital actions total $18.9 billion
over the next four quarters.
Repurchases by Citi under the common stock
repurchase program may be effected from time to time through open market purchases, trading plans established in accordance with
U.S. Securities and Exchange Commission rules, or other means, depending on satisfactory market conditions, applicable legal requirements
and other factors. The common stock repurchase program does not obligate Citi to repurchase any particular amount of common stock
and it may be suspended at any time at Citi’s discretion.
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.
Dated: June 28, 2017
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CITIGROUP
INC.
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By:
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/s/ Rohan Weerasinghe
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Rohan Weerasinghe
General Counsel and Corporate Secretary
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