Form 8-K - Current report
27 Febbraio 2025 - 10:09PM
Edgar (US Regulatory)
0001849466false00018494662025-02-252025-02-25
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): February 25, 2025
Texas Community Bancshares, Inc.
(Exact Name of Registrant as Specified in its Charter)
| | | | |
Maryland | | 001-40610 | | 86-2760335 |
(State or Other Jurisdiction of Incorporation) | | (Commission File No.) | | (I.R.S. Employer Identification No.) |
| | | | |
215 West Broad Street, Mineola, Texas | | | | 75773 |
(Address of Principal Executive Offices) | | | | (Zip Code) |
(903) 569-2602
(Registrant’s telephone number, including area code)
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:
| |
☐ | 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:
| | | | |
Common stock, par value $0.01 per share | | TCBS | | The Nasdaq Stock Market, LLC |
Title of Each Class | | Trading Symbol(s) | | Name of Each Exchange on Which Registered |
Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
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 8.01Other Events.
On February 27, 2025, Texas Community Bancshares, Inc. (the “Company”) issued a press release announcing that the Company’s Board of Directors has approved a new stock repurchase program that authorizes the Company to repurchase up to 153,083 shares of its common stock, which equals approximately 5% of its outstanding common stock as of February 25, 2025. The Company also announced that as of February 25, 2025, it had repurchased over 85% of the 161,316 shares of its common stock authorized under the previously reported share repurchase program.
For additional information, refer to the press release dated February 27, 2025, which is filed as an exhibit hereto and incorporated herein by reference.
Item 9.01Financial Statements and Exhibits.
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.
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| | TEXAS COMMUNITY BANCSHARES, INC. |
| | |
| | |
Date: February 27, 2025 | By: | /S/ Jason Sobel |
| | Jason Sobel |
| | President and Chief Executive Officer |
Texas Community Bancshares, Inc. Authorizes New Stock Repurchase Program
MINEOLA, Texas; February 27, 2025 - Texas Community Bancshares, Inc. (the “Company”) (NASDAQ: TCBS), the holding company of Broadstreet Bank, SSB, announced that its Board of Directors has approved a new stock repurchase program that authorizes the Company to repurchase up to 153,083 shares, which equals approximately 5% of its outstanding common stock as of February 25, 2025. The Company also announced that as of February 25, 2025, it had repurchased over 85% of the 161,316 shares of its common stock authorized under the prior share repurchase program previously disclosed.
The Company intends to conduct any repurchases through open market purchases, including by means of a trading plan adopted under SEC Rule 10b5-1, or in privately negotiated transactions, subject to market conditions and other factors. There is no guarantee as to the exact number of shares that the Company may repurchase. Throughout the execution of this program, the Company is committed to retaining the financial flexibility it needs to invest in its core operations. The stock repurchase program may be suspended or discontinued at any time.
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