• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Broadway Financial Corporation filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Regulation FD Disclosure, Financial Statements and Exhibits

    6/2/25 4:15:34 PM ET
    $BYFC
    Savings Institutions
    Finance
    Get the next $BYFC alert in real time by email
    falseBROADWAY FINANCIAL CORP \DE\0001001171LOS ANGELESCANASDAQ00010011712025-05-282025-05-28

    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): May 28, 2025

    BROADWAY FINANCIAL CORPORATION
    (Exact name of registrant as specified in its charter)

    Delaware
    001-39043
    95-4547287
    (State or other jurisdiction of incorporation)
    (Commission File Number)
    (IRS Employer Identification No.)

    4601 Wilshire Boulevard, Suite 150, Los Angeles, CA
    90010
    (Address of principal executive offices)
    (Zip Code)

    Registrant’s telephone number, including area code: (323) 634-1700

    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))

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

    Title of each class
     
    Trading symbol(s)
     
    Name of each exchange on which registered
    Class A Common Stock, par value $0.01 per share (including attached preferred stock purchase rights)
     
    BYFC
     
    Nasdaq Capital Market

    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 ☐


    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.
     
    ☐


    Item 3.01 
    Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

    On May 28, 2025, Broadway Financial Corporation (the “Company”) received written notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the periodic financial reporting requirements set forth in Nasdaq Listing Rule 5250(c)(1) (“Rule 5250(c)(1)”) for continued listing on The Nasdaq Capital Market because its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 (the “Form 10-Q”) was not filed within the time period prescribed by the Securities and Exchange Commission rules.

    The Notice has no immediate effect on the listing or trading of the Company’s common stock on Nasdaq and the Company currently expects to regain compliance in the near future.

    The Company was unable to timely complete and file the Form 10-Q because it requires additional time to determine the value of a Securities Purchase Option Agreement affording the Company the right, subject to certain conditions, to repurchase its Series C Preferred Stock issued to the U.S. Treasury under the Emergency Capital Investment Program.  In addition, the Company requires additional time to address the fair value measurements disclosure. Further, the Company’s independent registered public accounting firm, Crowe LLP, requires additional time to complete its review procedures for the Form 10-Q relating to the Company’s disclosure controls and procedures.

    The Notice states that the Company has 60 calendar days from May 28, 2025, to submit to Nasdaq a plan to regain compliance with Rule 5250(c)(1). The Company intends to submit a plan to regain compliance within the 60-day period. If Nasdaq accepts the Company’s plan, then Nasdaq may grant the Company up to 180 days from the prescribed due date, or until November 17, 2025, for filing the Form 10-Q to regain compliance. If Nasdaq does not accept the Company’s plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel.

    The Company plans to file the Form 10-Q as promptly as reasonably practicable and prior to the 60-day deadline for submitting a compliance plan to Nasdaq.

    Item 7.01
    Regulation FD Disclosure.

    On June 2, 2025, the Company issued a press release regarding its receipt of the Notice. A copy of the press release is attached hereto as Exhibit 99.1.

    The information set forth in this Item 7.01 and Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section. The information in this Item 7.01 and Exhibit 99.1, shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as expressly set forth by specific reference in such a filing to this Current Report.

    Cautionary Statement Regarding Forward-Looking Information

    This report includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s beliefs and expectations relating to the submission of its plan to regain compliance with Rule 5250(c)(1) and the filing of the Form 10-Q. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual outcomes to differ materially from the outcomes expressed or implied by this report. Such risks include, among others, Nasdaq rejecting the Company’s plan to regain compliance or a material delay in the Company’s financial reporting. All such factors are difficult to predict and may be beyond the Company’s control. The Company undertakes no obligation and does not intend to update or revise any forward-looking statements contained herein, except as required by law or regulation. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report.

    Item 9.01 Financial Statements and Exhibits

    (d) Exhibits.
    99.1
     
    Press Release, dated June 2, 2025.
    104
     
    The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.


    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.


    Date: June 2, 2025
    BROADWAY FINANCIAL CORPORATION
       
     
    By:
     
    /s/ Zack Ibrahim
         
    Name: Zack Ibrahim
          Title: Chief Financial Officer


    Get the next $BYFC alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $BYFC

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $BYFC
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • EVP, Chief Banking Officer Allen John Anthony was granted 8,183 shares (SEC Form 4)

      4 - BROADWAY FINANCIAL CORP \DE\ (0001001171) (Issuer)

      5/29/25 9:39:38 PM ET
      $BYFC
      Savings Institutions
      Finance
    • EVP, Chief Risk Officer Sur Elizabeth Farrelly was granted 4,368 shares (SEC Form 4)

      4 - BROADWAY FINANCIAL CORP \DE\ (0001001171) (Issuer)

      3/26/25 6:50:24 PM ET
      $BYFC
      Savings Institutions
      Finance
    • Director Donovan Mary Ann was granted 2,904 shares, increasing direct ownership by 63% to 7,548 units (SEC Form 4)

      4 - BROADWAY FINANCIAL CORP \DE\ (0001001171) (Issuer)

      3/26/25 6:46:27 PM ET
      $BYFC
      Savings Institutions
      Finance

    $BYFC
    Financials

    Live finance-specific insights

    See more
    • Broadway Financial Corporation Announces Results of Operations for First Quarter 2025

      LOS ANGELES, April 28, 2025 /PRNewswire/ -- Broadway Financial Corporation ("Broadway", "we", or the "Company") (NASDAQ:BYFC), parent company of City First Bank, National Association (the "Bank", and collectively, with the Company, "City First Broadway"), reported consolidated net loss before preferred dividends of $451 thousand, or ($0.05) per diluted share, for the first quarter of 2025, compared to consolidated net loss of $164 thousand, or ($0.02) per diluted share, for the first quarter of 2024. Net loss attributable to common stockholders was $1.2 million during the first quarter of 2025 after deducting preferred dividends of $750 thousand, compared to net loss attributable to common s

      4/28/25 5:00:00 PM ET
      $BYFC
      Savings Institutions
      Finance
    • Broadway Financial Corporation Announces Results for Fourth Quarter and Full Calendar Year 2024

      LOS ANGELES, Jan. 27, 2025 /PRNewswire/ -- Broadway Financial Corporation ("Broadway" or the "Company") (NASDAQ:BYFC), parent company of City First Bank, National Association (the "Bank", and collectively with the Company, "we" or "City First Broadway"), reported net income attributable to Broadway of $1.3 million for the fourth quarter of 2024 compared to $2.6 million for the fourth quarter of 2023, a decrease of $1.3 million.  Net income attributable to common stockholders was $550 thousand during the fourth quarter of 2024, after deducting preferred dividends of $750 thousand, compared to net income attributable to common stockholders of $2.6 million for the fourth quarter of 2023.  Dilut

      1/27/25 8:30:00 AM ET
      $BYFC
      Savings Institutions
      Finance
    • Broadway Financial Corporation Announces Results for Third Quarter 2024

      Broadway Financial Corporation ("Broadway" or the "Company") (NASDAQ:BYFC), parent company of City First Bank, National Association (the "Bank", and collectively, with the Company, "we" or "City First Broadway"), reported net income attributable to Broadway of $522 thousand for the third quarter of 2024 compared to $91 thousand for the third quarter of 2023, an increase of $431 thousand. Net loss attributable to common stockholders was $228 thousand during the third quarter of 2024 after deducting preferred dividends of $750 thousand, compared to net income attributable to common stockholders of $91 thousand for the third quarter of 2023. Diluted loss per common share was $0.03 for the thir

      10/29/24 4:15:00 PM ET
      $BYFC
      Savings Institutions
      Finance

    $BYFC
    Leadership Updates

    Live Leadership Updates

    See more
    • Broadway Financial Corporation Announces New Board Member

      LOS ANGELES, March 10, 2025 /PRNewswire/ -- Broadway Financial Corporation ("Broadway" or the "Company") (NASDAQ:BYFC), parent company of City First Bank, National Association (the "Bank"), is pleased to announce the appointment of Mary Hentges to its board of directors (the "Board"), effective March 5, 2025, to fill the vacancy on the Board after its size was increased to ten directors. Ms. Hentges will serve on the Audit Committee of the Board of the Company and the Bank, and on the Risk and Compliance Committee and Internal Asset Review Committee of the Bank. Ms. Hentges wi

      3/10/25 5:25:00 PM ET
      $BYFC
      $UPST
      Savings Institutions
      Finance
      Finance: Consumer Services
    • Broadway Financial Corporation Announces New Chief Banking Officer

      Ruth McCloud, Chief Operating Officer, Retires After 10 Years of Service LOS ANGELES, Jan. 15, 2025 /PRNewswire/ -- Broadway Financial Corporation ("Broadway" or the "Company") (NASDAQ:BYFC), parent company of City First Bank, National Association (the "Bank"), announced Chief Operating Officer, Ruth McCloud, provided notice on January 13, 2025, that she will be retiring from City First Bank on March 31, 2025. Over the past decade, Ruth's dedication and contributions have played an essential role in the Bank's growth and success. "It has been a singular pleasure working with R

      1/15/25 5:59:00 PM ET
      $BYFC
      Savings Institutions
      Finance
    • Broadway Financial Corporation Announces Four Additions to Senior Management Team

      Broadway Financial Corporation (the "Company" or "Broadway") (NASDAQ Capital Market: BYFC), the holding company of City First Bank, National Association (the "Bank" and collectively with the Company, "City First Broadway"), today announced the addition of four experienced senior officers to the management team of City First Broadway. The Board of Directors of City First Broadway announced the appointment of: Zack Ibrahim, as Executive Vice President and Chief Financial Officer ("CFO") of the Company and the Bank. Mr. Ibrahim will also be the Principal Financial Officer and Principal Accounting Officer for Broadway; and, Elizabeth Sur, as Executive Vice President, General Counsel, and

      5/21/24 5:20:00 PM ET
      $BYFC
      Savings Institutions
      Finance

    $BYFC
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Broadway Financial Corporation Announces Notification from Nasdaq regarding late filing of Form 10-Q

      LOS ANGELES, June 2, 2025 /PRNewswire/ -- Broadway Financial Corporation ("Broadway", "we", or the "Company") (NASDAQ:BYFC), parent company of City First Bank, National Association, announced today it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), dated May 28, 2025, informing the Company that it no longer complies with Nasdaq Listing Rule 5250(c)(1) ("Rule 5250(c)(1)") for continued listing on The Nasdaq Capital Market because its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 (the "Form 10-Q") was not filed within the time period prescribed by the Securities and Exchange Commission ("SEC") rules. 

      6/2/25 4:10:00 PM ET
      $BYFC
      Savings Institutions
      Finance
    • Broadway Financial Corporation Announces Results of Operations for First Quarter 2025

      LOS ANGELES, April 28, 2025 /PRNewswire/ -- Broadway Financial Corporation ("Broadway", "we", or the "Company") (NASDAQ:BYFC), parent company of City First Bank, National Association (the "Bank", and collectively, with the Company, "City First Broadway"), reported consolidated net loss before preferred dividends of $451 thousand, or ($0.05) per diluted share, for the first quarter of 2025, compared to consolidated net loss of $164 thousand, or ($0.02) per diluted share, for the first quarter of 2024. Net loss attributable to common stockholders was $1.2 million during the first quarter of 2025 after deducting preferred dividends of $750 thousand, compared to net loss attributable to common s

      4/28/25 5:00:00 PM ET
      $BYFC
      Savings Institutions
      Finance
    • Broadway Financial Corporation Announces New Board Member

      LOS ANGELES, March 10, 2025 /PRNewswire/ -- Broadway Financial Corporation ("Broadway" or the "Company") (NASDAQ:BYFC), parent company of City First Bank, National Association (the "Bank"), is pleased to announce the appointment of Mary Hentges to its board of directors (the "Board"), effective March 5, 2025, to fill the vacancy on the Board after its size was increased to ten directors. Ms. Hentges will serve on the Audit Committee of the Board of the Company and the Bank, and on the Risk and Compliance Committee and Internal Asset Review Committee of the Bank. Ms. Hentges wi

      3/10/25 5:25:00 PM ET
      $BYFC
      $UPST
      Savings Institutions
      Finance
      Finance: Consumer Services

    $BYFC
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by Broadway Financial Corporation (Amendment)

      SC 13G/A - BROADWAY FINANCIAL CORP \DE\ (0001001171) (Subject)

      2/13/24 1:13:24 PM ET
      $BYFC
      Savings Institutions
      Finance
    • SEC Form SC 13G/A filed by Broadway Financial Corporation (Amendment)

      SC 13G/A - BROADWAY FINANCIAL CORP \DE\ (0001001171) (Subject)

      2/14/23 9:30:23 AM ET
      $BYFC
      Savings Institutions
      Finance
    • SEC Form SC 13G filed by Broadway Financial Corporation

      SC 13G - BROADWAY FINANCIAL CORP \DE\ (0001001171) (Subject)

      1/18/23 4:57:17 PM ET
      $BYFC
      Savings Institutions
      Finance

    $BYFC
    SEC Filings

    See more
    • Broadway Financial Corporation filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - BROADWAY FINANCIAL CORP \DE\ (0001001171) (Filer)

      6/2/25 4:15:34 PM ET
      $BYFC
      Savings Institutions
      Finance
    • SEC Form DEFA14A filed by Broadway Financial Corporation

      DEFA14A - BROADWAY FINANCIAL CORP \DE\ (0001001171) (Filer)

      5/19/25 9:43:46 AM ET
      $BYFC
      Savings Institutions
      Finance
    • SEC Form DEF 14A filed by Broadway Financial Corporation

      DEF 14A - BROADWAY FINANCIAL CORP \DE\ (0001001171) (Filer)

      5/19/25 9:42:29 AM ET
      $BYFC
      Savings Institutions
      Finance