---
schema_version: "secwatch.filing_event.v1"
accession: "0000083350-23-000023"
form_type: "8-K"
ticker: "RSRV"
cik: "0000083350"
company_name: "RESERVE PETROLEUM CO"
filed_at: "2023-09-22T23:59:59+00:00"
generated_at: "2026-06-10T09:58:43.402906+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Board authorizes repurchase of up to 15,000 shares of common stock

## Summary
- Stock repurchase plan approved effective September 1, 2023; up to 15,000 shares may be bought.
- Purchases may occur via a Rule 10b-18 compliant brokerage contract or off-market direct negotiations.
- Off-market purchase price cannot exceed the highest independent bid or last transaction price, whichever is higher.
- No repurchase prices will be published to stockholders to avoid triggering tender offer rules.
- Company will enter brokerage contract when it has no material non-public information.

## SEC filing metadata
- accession: 0000083350-23-000023
- form_type: 8-K
- ticker: RSRV
- cik: 0000083350
- company_name: RESERVE PETROLEUM CO
- filed_at: 2023-09-22T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/83350/000008335023000023/0000083350-23-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/83350/000008335023000023/rsrv-20230922.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000083350-23-000023
- JSON: https://secwatch.observer/filing/0000083350-23-000023.json
- Plain text: https://secwatch.observer/filing/0000083350-23-000023.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.