secwatch.observer — SEC 8-K summary
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Issuer:     RESERVE PETROLEUM CO (RSRV)
CIK:        0000083350
Form:       8-K
Filed at:   2023-09-22T23:59:59+00:00
Accession:  0000083350-23-000023
Event type: other_material
Sentiment:  positive
Materiality: 0.45
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/83350/000008335023000023/0000083350-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/83350/000008335023000023/rsrv-20230922.htm
  HTML page:      https://secwatch.observer/filing/0000083350-23-000023

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