secwatch.observer — SEC 8-K summary
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Issuer:     FIRST NORTHERN COMMUNITY BANCORP (FNRN)
CIK:        0001114927
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001114927-24-000028
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FNRN authorizes share buyback of up to 933,043 shares (~$8.4M) starting May 1, 2024
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- Buyback represents 6% of 15,550,731 shares outstanding as of March 21, 2024 (post-stock dividend paid March 25).
- At $9.00 closing price on March 21, total consideration would be approximately $8.4M if fully executed.
- Program runs from May 1, 2024 to April 30, 2026, unless terminated earlier; purchases open market or negotiated.
- Board determined maximum repurchases will not impair capital; purpose is capital management and increased ROE.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1114927/000111492724000028/0001114927-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1114927/000111492724000028/form8_k.htm
  HTML page:      https://secwatch.observer/filing/0001114927-24-000028

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