NorthEast Community Bancorp Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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| Item 8.01 | Other Events. |
On December 8, 2025, NorthEast Community Bancorp, Inc. (the “Company”) issued a press release announcing that its Board of Directors has authorized a third stock repurchase program to acquire up to 1,400,435 shares, or 10%, of the Company’s currently issued and outstanding common stock.
On May 30, 2023, the Company announced its second stock repurchase program, which authorized the purchase of up to 1,509,218 shares of the Company’s common stock. The Company repurchased 1,091,174 shares, at an average cost of $15.78 per share, under the second stock repurchase program prior to its expiration and no shares currently remain available for repurchase under the second stock repurchase program.
The new stock repurchase program permits shares to be repurchased in open market transactions or privately negotiated transactions, and pursuant to a trading plan that the Company intends to adopt in accordance with Rule 10b5-1 of the Securities and Exchange Commission.
The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions, and other corporate liquidity requirements and priorities. The stock repurchase program does not obligate the Company to purchase any particular number of shares, and it may be extended, modified or discontinued at any time.
A copy of the Company’s press release is attached as Exhibit 99.1 and is incorporated by reference herein.
| Item 9.01 | Financial Statements and Other Exhibits. |
| (d) | Exhibits |
| Number | Description | |
| 99.1 | Press Release dated December 8, 2025 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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 thereunto duly authorized.
| NORTHEAST COMMUNITY BANCORP, INC. | ||
Date: December 9, 2025 |
By: | /s/ Kenneth A. Martinek |
| Kenneth A. Martinek | ||
| Chairman and Chief Executive Officer | ||