secwatch.observer — SEC 8-K summary
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Issuer:     SR Bancorp, Inc. (SRBK)
CIK:        0001951276
Form:       8-K
Filed at:   2024-09-20T23:59:59+00:00
Accession:  0000943374-24-000384
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SR Bancorp adopts initial stock repurchase program for up to 950,793 shares (~10% of outstanding)
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- Program authorizes repurchase of up to 950,793 shares, about 10% of outstanding common stock.
- First repurchase program since IPO completed on September 19, 2023.
- Repurchases may be made in open market, private transactions, or via Rule 10b5-1 plan; no expiration date.
- Company has received regulatory non-objection for the program.
- CEO William Taylor cited strong capital position enabling the buyback.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1951276/000094337424000384/0000943374-24-000384-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1951276/000094337424000384/form8k_091924.htm
  HTML page:      https://secwatch.observer/filing/0000943374-24-000384

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