Why Wasn't This Discussed on Bank of the Ozarks' Latest Conference Call?

The most interesting thing about Bank of the Ozarks' (NASDAQ: OZRK) second-quarter conference call was what wasn't discussed: Only five days earlier, Bank of the Ozarks permanently stopped submitting regulatory filings to the Securities & Exchange Commission (SEC).

I had never heard of a bank doing this. Two analysts I spoke to, each with decades of experience, had never heard of it either. Even an analyst who follows Bank of the Ozarks was caught off guard and didn't seem to understand the bank's move when we discussed it two months later.

Yet, when I asked Bank of the Ozarks' chairman and CEO, George Gleason, about the decision to suspend SEC filings, here was his response (emphasis added):

Source: Fool.com