SEC Rule 10b5-1

Mission Bancorp Announces Extension of Stock Repurchase Plan

Retrieved on: 
Friday, October 27, 2023
Plan, SEC Rule 10b5-1, OTC Markets Group, Security (finance)

BAKERSFIELD, Calif., Oct. 27, 2023 /PRNewswire/ -- Mission Bancorp (OTC Pink: MSBC), announced on May 2, 2023, the extension of its plan under Rule 10b5-1 (the "2022 10b5-1 Plan") to facilitate the repurchase of its common stock.

Key Points: 
  • BAKERSFIELD, Calif., Oct. 27, 2023 /PRNewswire/ -- Mission Bancorp (OTC Pink: MSBC), announced on May 2, 2023, the extension of its plan under Rule 10b5-1 (the "2022 10b5-1 Plan") to facilitate the repurchase of its common stock.
  • Pursuant to the 2022 10b5-1 Plan, a maximum of $1.0 million of the Company's common stock may be repurchased by the Company.
  • The 2022 10b5-1 Plan has expired on October 27, 2023, and the Company has extended the Plan for an additional six months, through April 26, 2024.
  • The extension authorizes the Company to repurchase its common stock up to a maximum of $1.0 million.

Mission Bancorp Reports Annualized Deposit Growth of 7% and All- time Record Quarterly Earnings of $8.0 million for Third Quarter of 2023, an increase of 25% year over year.

Retrieved on: 
Monday, October 23, 2023
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Net income available to common shareholders was $6.4 million, or $2.63 per basic common share, for the third quarter of 2022.

Key Points: 
  • Net income available to common shareholders was $6.4 million, or $2.63 per basic common share, for the third quarter of 2022.
  • Loan interest income and fee accretion from the third quarter of 2022 to the current quarter increased by $5.0 million.
  • The increase in the Company's cash position over the past quarter is primarily due to strong deposit growth and continued strong earnings.
  • Strong earnings over the past year and quarter outpaced the growth in average assets, resulting in an increase in regulatory capital ratios.

Securities Class Action Exposure in 2023 Almost Triples the Amount Exhibited During Second Half of 2022

Retrieved on: 
Monday, July 10, 2023
Defendant, D&O, ADR, SEC Rule 10b5-1, SAR, American depositary receipt, Multimedia, SCA, SEC Rule 10b-5, Insurance

According to a report released today by SAR, during the first half of 2023, U.S. SCA Rule 10b-5 Exposure of U.S. issuers amounts to $305 billion, an increase of approximately 181% relative to the second half of 2022.

Key Points: 
  • According to a report released today by SAR, during the first half of 2023, U.S. SCA Rule 10b-5 Exposure of U.S. issuers amounts to $305 billion, an increase of approximately 181% relative to the second half of 2022.
  • Key Trends Based on Rule 10b-5 Securities Class Actions Analyzed During First Half of 2023:
    Data and analyses indicate that the preceding two quarters exhibited an unremarkable increase in filing frequency, but securities class action exposure and implied loss severity is close to triple the amount exhibited during the second half of 2022.
  • Mid Cap SCA Rule 10b-5 Exposure amounts to $6.2 billion, which increased 12% relative to the latter half of 2022.
  • The ADR SCA Rule 10b-5 Exposure increased by $8.2 billion to $16 billion, or 107% relative the latter half of 2022.

a.k.a. Brands Holding Corp. Announces Share Repurchase Program

Retrieved on: 
Tuesday, June 6, 2023
Fashion, Retail, Share repurchase, NYSE, SEC Rule 10b5-1, Aka, Car rental

Brands Holding Corp. (NYSE: AKA), a brand accelerator of next generation fashion brands, today announced that its Board of Directors has authorized a share repurchase program.

Key Points: 
  • Brands Holding Corp. (NYSE: AKA), a brand accelerator of next generation fashion brands, today announced that its Board of Directors has authorized a share repurchase program.
  • Pursuant to the Share Repurchase Program, the company is authorized to repurchase up to $2 million of shares of the company’s common stock.
  • Repurchases by the company are subject to available liquidity, general market and economic conditions, alternate uses for the capital and other factors.
  • There is no minimum number of shares that the company is required to repurchase and the Share Repurchase Program may be suspended or discontinued at any time without prior notice.

DFIN Reports Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Tuesday, February 21, 2023
DFIN, Free cash flow, Breakout (video game), NYSE, Exhibit, Table, EBITDA, GAAP, Webcast, Software, Sale, SEC Rule 10b5-1, Sumathi Best Television Current Reporting Award, Printing, Donnelley Financial Solutions, Growth, Share repurchase, EDGAR, Video game, Bookkeeping, Car rental, Cryptocurrency, Pharmaceutical industry, Adjustment

CHICAGO, Feb. 21, 2023 /PRNewswire/ -- Donnelley Financial Solutions, Inc. (NYSE: DFIN) (the "Company" or "DFIN") today reported financial results for the fourth quarter and full year 2022.

Key Points: 
  • CHICAGO, Feb. 21, 2023 /PRNewswire/ -- Donnelley Financial Solutions, Inc. (NYSE: DFIN) (the "Company" or "DFIN") today reported financial results for the fourth quarter and full year 2022.
  • Net sales in the fourth quarter of 2022 were $167.7 million, a decrease of $65.1 million, or 28.0%, from the fourth quarter of 2021.
  • For the fourth quarter of 2022, Adjusted EBITDA was $39.3 million, a decrease of $22.0 million as compared to the fourth quarter of 2021.
  • For the fourth quarter of 2022, Adjusted EBITDA margin was 23.4%, a decrease of approximately 290 basis points as compared to the fourth quarter of 2021.

BILL Announces $300 Million Share Repurchase Program

Retrieved on: 
Thursday, February 2, 2023
Finance, Professional Services, Technology, Fintech, Software, Share repurchase, Bangladesh Securities and Exchange Commission, Security (finance), NYSE, 8-K, SEC Rule 10b5-1, Luigi, BILL

BILL (NYSE: BILL), a leader in financial automation software for small and midsize businesses (SMBs), today announced that its Board of Directors approved a share repurchase program with authorization to purchase up to $300 million of BILL’s common stock.

Key Points: 
  • BILL (NYSE: BILL), a leader in financial automation software for small and midsize businesses (SMBs), today announced that its Board of Directors approved a share repurchase program with authorization to purchase up to $300 million of BILL’s common stock.
  • “The share repurchase program demonstrates our confidence in the strength of our business and our ability to capture the large market opportunity ahead of us,” said John Rettig, BILL CFO.
  • The share repurchase program will have a term of 12 months, may be suspended or discontinued at any time, and does not obligate the company to acquire any amount of common stock.
  • The Company has provided additional information about the share repurchase in the Form 8-K filed on February 2, 2023 with the Securities and Exchange Commission.

CarGurus Announces $250 Million Share Repurchase Program

Retrieved on: 
Thursday, December 8, 2022
Security (finance), PistonHeads, Algorithm, Trust, Name, SEC Rule 10b5-1, Rule, Growth, André Caroff, Share repurchase, Pandemic, United Kingdom, COVID-19, Epidemic, Bank, CarGurus

The specific manner, timing and amounts of any purchases under the share repurchase program will be subject to the Company’s discretion and may be based on market conditions and other factors, including price.

Key Points: 
  • The specific manner, timing and amounts of any purchases under the share repurchase program will be subject to the Company’s discretion and may be based on market conditions and other factors, including price.
  • The share repurchase program has an expiration date of December 31, 2023 and prior to its expiration may be modified, suspended or discontinued by the Company’s Board of Directors at any time.
  • The share repurchase program does not obligate the Company to repurchase any minimum dollar amount or number of shares.
  • All statements contained in this press release other than statements of historical facts, including, without limitation, statements regarding our share repurchase program and our use and deployment of capital, are forward-looking statements.

Sachem Capital Corp. Announces Stock Repurchase Plan of Up to $7.5 Million

Retrieved on: 
Friday, October 7, 2022
U.S. Securities and Exchange Commission, NYSE, Annual report, REIT, SEC Rule 10b5-1, Acquisition, Board, Rehabilitation, Securities Exchange Act of 1934, CPA, GLOBE, Board of directors, Rule, Risk management, Audit

The repurchase program is expected to continue through September 30, 2023, unless extended or shortened by the Board.

Key Points: 
  • The repurchase program is expected to continue through September 30, 2023, unless extended or shortened by the Board.
  • John Villano, CPA, the companys Chief Executive Officer, stated, Based on current market prices, we believe that the repurchase program is in the best interests of our shareholders.
  • Sachem Capital Corp. specializes in originating, underwriting, funding, servicing, and managing a portfolio of first mortgage loans.
  • You should evaluate all forward-looking statements made by us in the context of these risks and uncertainties.

Blue Foundry Bancorp Announces Adoption of Initial Stock Repurchase Program

Retrieved on: 
Wednesday, July 20, 2022
Treasury, Environment, GLOBE, Habit, Financial Accounting Standards Board, Sheffield University Bankers Hockey Club, U.S. Securities and Exchange Commission, CEO, Forward-looking statement, Federal Reserve Board of Governors, Office of the Supervising Architect for the U.S. Treasury, Private Securities Litigation Reform Act, Securities Act of 1933, Securities Exchange Act of 1934, Government, Failure, NASDAQ, Finance, Company, Security (finance), SEC Rule 10b5-1, Public Company Accounting Oversight Board, Program, Unitary state, Growth, Bank, Audit

RUTHERFORD, N.J., July 20, 2022 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ: BLFY), the holding company for Blue Foundry Bank, announced that it has adopted a program to repurchase up to 2,852,250 shares of its common stock, which is approximately 10% of its outstanding common stock.

Key Points: 
  • RUTHERFORD, N.J., July 20, 2022 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ: BLFY), the holding company for Blue Foundry Bank, announced that it has adopted a program to repurchase up to 2,852,250 shares of its common stock, which is approximately 10% of its outstanding common stock.
  • This is the Companys first stock repurchase program since completing its mutual-to-stock conversion and related stock offering in July 2021.
  • Blue Foundry Bancorp is the holding company for Blue Foundry Bank, a place where things are made, purpose is formed, and ideas are crafted.
  • To learn more about Blue Foundry, go to www.bluefoundrybank.com or call our Customer Service Center at 1-888-931-BLUE.

HealthStream Announces Expansion of Share Repurchase Program

Retrieved on: 
Monday, March 14, 2022
Nursing, Human Resources, Hospitals, Professional Services, Other Health, Other Education, Health, General Health, Education, Time, Solution, Board of directors, Private Securities Litigation Reform Act, Workforce, Nasdaq, Credentialing, SEC Rule 10b5-1, Security (finance), Board, Company, Share repurchase, Securities Exchange Act of 1934, U.S. Securities and Exchange Commission, Risk management

HealthStream (Nasdaq: HSTM), a leading provider of workforce and provider solutions for the healthcare industry, today announced that its Board of Directors has approved an expansion of its share repurchase program for the Companys common stock, under which the Company may repurchase up to an additional $10 million of outstanding shares of common stock.

Key Points: 
  • HealthStream (Nasdaq: HSTM), a leading provider of workforce and provider solutions for the healthcare industry, today announced that its Board of Directors has approved an expansion of its share repurchase program for the Companys common stock, under which the Company may repurchase up to an additional $10 million of outstanding shares of common stock.
  • The Company previously repurchased the $20 million of common stock authorized under the share repurchase program announced on November 30, 2021.
  • The share repurchase program will terminate on the earlier of March 13, 2023 or when the maximum dollar amount has been expended.
  • The share repurchase program does not require the Company to acquire any amount of shares and may be suspended or discontinued at any time.