Parke Bancorp Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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Major Banks
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) August 2, 2024
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Registrant’s telephone number, including area code: (856 ) 256-2500
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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:
Securities registered pursuant to Section 12(b) of the Act:
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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. ☐
PARKE BANCORP, INC.
INFORMATION TO BE INCLUDED IN THE REPORT
Section 8 - Other Events
Item 8.01 Other Events.
On August 2, 2024, the Registrant announced that the Board of Directors had adopted a stock repurchase program pursuant to which up to 5% of the Company’s common stock may be repurchased during the next twelve months, unless completed sooner or otherwise extended. Open market purchases are intended to be conducted in accordance with applicable Securities and Exchange Commission regulations. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements and other market conditions.
A copy of the press release dated August 2, 2024 announcing the stock repurchase program is filed as Exhibit 99.1, and incorporated by reference herein.
Section 9 - Financial Statements and Exhibits
Item 9.01 Exhibits.
| Exhibit No. | Description | ||||||||||||||||
| 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, thereunto duly authorized.
PARKE BANCORP, INC.
| Date: August 2, 2024 | By | /s/ Jonathan D. Hill | ||||||||||||
| Jonathan D. Hill | ||||||||||||||
| Senior Vice President and Chief Financial Officer | ||||||||||||||
| (Duly Authorized Representative) | ||||||||||||||