secwatch.observer — SEC 8-K summary
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Issuer:     Generations Bancorp NY, Inc. (GBNY)
CIK:        0001823365
Form:       8-K
Filed at:   2022-07-26T23:59:59+00:00
Accession:  0000943374-22-000289
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Generations Bancorp authorizes stock buyback of up to 87,000 shares (~3.6% of outstanding)
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- Board authorized repurchase of up to 87,000 shares, representing ~3.6% of outstanding common stock.
- Repurchases may be made in open market or private transactions at management's discretion.
- Buyback will not begin until after the quarterly blackout period ends.
- Program can be suspended, terminated, or modified at any time; no minimum purchase obligation.
- Open market purchases subject to Rule 10b-18 and other applicable legal requirements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823365/000094337422000289/0000943374-22-000289-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823365/000094337422000289/form8k_72522.htm
  HTML page:      https://secwatch.observer/filing/0000943374-22-000289

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer