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) May 24, 2001
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BANCFIRST CORPORATION
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(Exact name of registrant as specified in its charter)
OKLAHOMA 0-14384 73-1221379
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
101 North Broadway, Oklahoma City, Oklahoma 73102
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (405) 270-1086
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Item 5. Other Events.
Amendments to Stock Option Plan
On April 26, 2001, the Board of Directors of BancFirst Corporation (the
"Company") approved amendments to the BancFirst Corporation Stock Option Plan
(the "Plan"). The amendments increase the number of shares authorized under the
Plan from 850,000 to 1,100,000 and extend the term of the Plan to December 31,
2011. The amendments were approved by the shareholders of the Company at the
Annual Shareholders' Meeting on May 24, 2001.
Amendments to BancFirst Corporation Employee Stock Ownership and Thrift Plan
On May 24, 2001, the Board of Directors of the Company approved amendments to
the BancFirst Corporation Employee Stock Ownership and Thrift Plan. The
amendments changed the eligibility requirements from age 18 and 1000 hours of
service in the 12 consecutive month period following commencement of employment,
in age 21 and 500 hours of service in the six consecutive month period following
commencement of employment.
Increase to Stock Repurchase Program
The Board of Directors approved an increase of 277,916 shares for the Company's
Stock Repurchase Program in its meeting on May 24, 2001. The Program was
originally adopted in November 1999 for 300,000 shares. This increase raises
the shares remaining to be repurchased under the plan back to the original level
of 300,000 shares. The Program will remain in effect until the 300,000 shares
are repurchased, which may be over as much as a two to three year period. The
stock repurchases may be funded from existing funds, dividends from the
Company's subsidiaries, or from borrowings.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit
Number Exhibit
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10.1 Fifth Amendment to and Restatement of the BancFirst Corporation
Stock Option Plan.
10.2 2001-1 Amendment to the BancFirst Corporation Employee Stock
Ownership and Thrift Plan.
20.1 Press Release dated June 4, 2001 regarding "BancFirst Corporation
Increases Stock Repurchase Program."
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SIGNATURES
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.
Date June 5, 2001 /s/ Randy P. Foraker
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Randy P. Foraker
Sr. Vice President and Controller;
Assistant Secretary; Treasurer
(Principal Accounting Officer)
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