secwatch.observer — SEC 8-K summary
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Issuer:     SECURITY FEDERAL CORP (SFDL)
CIK:        0000818677
Form:       8-K
Filed at:   2023-06-23T23:59:59+00:00
Accession:  0000939057-23-000180
Event type: other_material
Sentiment:  positive
Materiality: 0.30
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/818677/000093905723000180/0000939057-23-000180-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/818677/000093905723000180/8k623223.htm
  HTML page:      https://secwatch.observer/filing/0000939057-23-000180

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