Mid Penn Bancorp filed SEC Form 8-K: Results of Operations and Financial Condition, Other Events, Financial Statements and Exhibits
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Major Banks
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 24, 2024
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MID PENN BANCORP, INC.
CURRENT REPORT ON FORM 8-K
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On April 24, 2024, Mid Penn Bancorp, Inc. (the "Corporation") issued a press release discussing its financial results for the quarter ended March 31, 2024. A copy of the Corporation’s press release dated April 24, 2024 is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
ITEM 8.01 OTHER EVENTS
On April 24, 2024, the Board of Directors of Mid Penn Bancorp, Inc. (the “Corporation”) approved the renewal of the Corporation’s treasury stock repurchase program, which was originally announced on March 19, 2020. The repurchase plan, which authorized the repurchase of up to $15 million, of which approximately $5 million remains available, of Corporation common stock in open market or privately negotiated transactions, has been extended through April 24, 2025.
The repurchase plan may be modified, suspended or terminated at any time, in the Corporation’s discretion, based upon a number of factors, including liquidity, market conditions, the availability of alternative investment opportunities and other factors the Corporation deems appropriate. The repurchase program does not obligate the Corporation to repurchase any shares.
Additionally, on April 24, 2024, the Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.20 per common share payable on May 27, 2024 to shareholders of record as of May 10, 2024.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d)Exhibits.
| 99.1 | |||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | ||||
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.
MID PENN BANCORP, INC. (Registrant) | ||||||||
Date: April 24, 2024 | By: | /s/ Rory G. Ritrievi | ||||||
| Rory G. Ritrievi | ||||||||
| President and Chief Executive Officer | ||||||||