UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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):  July 29, 2019

Midland States Bancorp, Inc.

(Exact Name of Registrant as Specified in Charter)

1201 Network Centre Drive
Effingham, Illinois 62401
(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (217) 342-7321

N/A

(Former Name or Former Address, if Changed Since Last Report.)

Securities registered pursuant to Section 12(b) of the Act:

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):

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o            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 (§ 230.405 of this chapter) or Rule 12b– 2 of the Securities Exchange Act of 1934 (§ 240.12b–2 of this chapter).

Emerging growth company o

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. o

Item 5.03.                                        Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On July 29, 2019, Midland States Bancorp, Inc. (the “Company”) filed with the Illinois Secretary of State a Statement of Resolution (the “Elimination Statement”) with respect to the Company’s Fixed Rate Non-Voting Perpetual Non-Cumulative Preferred Stock, Series H (the “Series H Preferred Stock”), which, effective upon filing, eliminated from the Company’s articles of incorporation all matters set forth in the Statement of Resolution Establishing Series of Fixed Rate Non-Voting Perpetual Non-Cumulative Preferred Stock, Series H, which was originally filed with the Illinois Secretary of State in June 2017.  All of the outstanding shares of the Series H Preferred Stock were redeemed by the Company effective July 29, 2019.

A copy of the Elimination Statement is filed herewith as Exhibit 3.1 and incorporated herein by reference.

Item 9.01                                           Financial Statements and Exhibits.

(d)                                 Exhibits

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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.

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Exhibit 3.1

                                  File #           67254171            Filing Fee: $25         Approved:              

1.              Corporate Name:  Midland States Bancorp, Inc.

2.              The Board of Directors on May 3, 2019 duly adopted the following resolution

                                               Month Day Year

establishing and designating one or more series and fixing and determining the relative rights and preferences thereof:

For more space, add additional sheets of this size.

See attached resolutions of the Board of Directors approving the elimination of the Series H Preferred Stock.

3.              The undersigned Corporation has caused this statement to be signed by a duly authorized officer who affirms, under penalties of perjury, that the facts stated herein are true and correct. All signatures must be in BLACK INK.

This form is applicable only where the Articles of incorporation expressly vest authority in the board of directors to establish series and to fix and determine the relative rights and preferences thereof. In such case series may be established and rights and preferences fixed and determined by resolution of the board of directors only to the extent not already established, fixed and determined by the Articles of incorporation.

NOTE: Only special and preferred classes of stock can be established in series.

Printed by authority of the State of Illinois. January 2015 - 1 - C 141.13

MIDLAND STATES BANCORP, INC.
EFFINGHAM, ILLINOIS

RESOLUTIONS OF THE BOARD OF DIRECTORS
MAY 3, 2019

1.                                      REDEMPTION OF SERIES H PREFERRED STOCK

WHEREAS, on January 26, 2017, Midland States Bancorp, Inc. (the “Company”) entered into an agreement and plan of merger (the “Merger Agreement”) to acquire (the “Merger”) Centrue Financial Corporation, a Delaware corporation (“Centrue”);

WHEREAS, pursuant to the terms of the Merger Agreement, the Company was required to issue shares of the Company’s preferred stock, with substantially similar terms to those of Centrue’s outstanding series of preferred stock, to the holders of Centrue’s outstanding series of preferred stock;

WHEREAS, pursuant to Section 4.4 of the articles of incorporation of the Company, as amended (the “Articles”), the board of directors of the Company (the “Board”) has the authority to fix by resolution the designations and the powers, preferences and rights and qualifications, limitations or restrictions on the shares of the Company’s preferred stock;

WHEREAS, on January 26, 2017, the Board designated a series of preferred stock as Fixed Rate Non-Voting Perpetual Non-Cumulative Preferred Stock, Series H (the “Series H Preferred Stock”), as evidenced by the Statement of Resolution Establishing Series of Series H Preferred Stock (the “Series H Statement of Resolution”) filed with the Secretary of State of the State of Illinois (the “Secretary of State”);

WHEREAS, after the consummation of the Merger, the Company issued 2,635.5462 shares of the Series H Preferred Stock;

WHEREAS, pursuant to the terms of the Series H Statement of Resolution, the Series H Preferred Stock is redeemable by the Company at any time on or after July 29, 2019;

WHEREAS, the Board has determined that the redemption of all of the outstanding shares of Series H Preferred Stock (the “Redemption”) is advisable and in the best interests of the Company; and

WHEREAS, the Board has determined that, after the Redemption, it is in the best interests of the Company and its shareholders to eliminate the designation of the Series H Preferred Stock and to remove the Series H Statement of Resolution from the Articles;

NOW, THEREFORE, BE IT RESOLVED, that the President and Chief Executive Officer, and the Senior Vice President and Corporate Counsel, and any other officers of the Company authorized by either of them (the “Authorized Officers”), acting alone or together, are hereby authorized, empowered and directed, on the behalf of the Company, to redeem all of the outstanding shares of Series H Preferred Stock on or as soon as practicable after July 29, 2019, at

a price per share equal to: (i) the liquidation amount of $1,000, plus (ii) the per share amount of any declared buy unpaid dividends for prior dividend periods, plus (iii) the per share amount of any accrued but unpaid dividends for the then current dividend period to but excluding the date fixed for redemption (collectively, the “Redemption Price”).

FURTHER RESOLVED, that the Authorized Officers, acting alone or together, are hereby authorized, empowered and directed to take all steps necessary or appropriate in connection with the Redemption, including without limitation, the mailing of a notice of redemption to the holders of the Series H Preferred Stock.

FURTHER RESOLVED, that the Authorized Officers, acting alone or together, are hereby authorized, empowered and directed to deposit the Redemption Price for all of the outstanding shares of Series H Preferred Stock, in trust for the benefit of the holders of the shares of Series H Preferred Stock, into a segregated account at Midland States Bank.

FURTHER RESOLVED, that immediately following the Redemption, no shares of Series H Preferred Stock shall be outstanding, the designation of the Series H Preferred Stock shall hereby be eliminated, no shares of the Series H Preferred Stock shall be issued thereafter, and if the Board wishes to authorize the issuance of any shares of preferred stock in the future, it shall designate the rights, designations and preferences of such shares.

FURTHER RESOLVED, that the Authorized Officers are each hereby authorized, on behalf of the Company, to execute, acknowledge and file with the Secretary of State a form setting forth these resolutions, whereupon all matters set forth in the Series H Statement of Resolution shall be eliminated from the Articles.

FURTHER RESOLVED, that, following the Redemption, the shares of Series H Preferred Stock shall revert to authorized but unissued shares of undesignated preferred stock of the Company.

2.                                      MISCELLANEOUS

RESOLVED, that each of the Authorized Officers be, and each acting alone hereby is, authorized and empowered, in the name and on behalf of the Company, to take or cause to be taken all such actions, to incur all such expenses and to sign, execute, verify, acknowledge, certify, file and deliver all such instruments, documents and schedules as such Authorized Officer, upon advice of the Company’s counsel, shall deem necessary, desirable or appropriate in order to effectuate the intent of the foregoing resolutions.

FURTHER RESOLVED, that all acts and things done, whether heretofore or hereafter performed or done, by any of the Authorized Officers that are in conformity with the intent and purposes of these resolutions shall be and the same are hereby, in all respects, ratified, confirmed and approved.

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