---
schema_version: "secwatch.filing_event.v1"
accession: "0000939057-23-000180"
form_type: "8-K"
ticker: "SFDL"
cik: "0000818677"
company_name: "SECURITY FEDERAL CORP"
filed_at: "2023-06-23T23:59:59+00:00"
generated_at: "2026-06-13T18:39:24.948749+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Security Federal Corporation authorizes stock repurchase of up to 3% of outstanding shares

## Summary
- Board adopted a repurchase program for up to ~3% of current outstanding shares.
- Repurchases will be made at management's discretion based on market conditions and price.
- Program may be suspended, terminated, or modified at any time for any reason.
- No guarantee as to exact number of shares repurchased; timing and amount subject to multiple factors.

## SEC filing metadata
- accession: 0000939057-23-000180
- form_type: 8-K
- ticker: SFDL
- cik: 0000818677
- company_name: SECURITY FEDERAL CORP
- filed_at: 2023-06-23T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/818677/000093905723000180/0000939057-23-000180-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/818677/000093905723000180/8k623223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939057-23-000180
- JSON: https://secwatch.observer/filing/0000939057-23-000180.json
- Plain text: https://secwatch.observer/filing/0000939057-23-000180.txt

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