---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-22-001258"
form_type: "8-K"
ticker: "MGYR"
cik: "0001337068"
company_name: "Magyar Bancorp, Inc."
filed_at: "2022-12-08T23:59:59+00:00"
generated_at: "2026-06-21T07:22:42.429995+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Magyar Bancorp completes prior buyback, authorizes new 5% stock repurchase plan

## Summary
- Completed prior repurchase program: 354,891 shares at avg $12.90.
- Board authorized new repurchase of up to 5% of outstanding shares, or up to 337,146 shares.
- Timing of repurchases depends on market conditions, liquidity, and alternative capital uses.
- Repurchased shares will be held as treasury stock for general corporate purposes.

## SEC filing metadata
- accession: 0001174947-22-001258
- form_type: 8-K
- ticker: MGYR
- cik: 0001337068
- company_name: Magyar Bancorp, Inc.
- filed_at: 2022-12-08T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1337068/000117494722001258/0001174947-22-001258-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1337068/000117494722001258/form8k-29103_mgyr.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-22-001258
- JSON: https://secwatch.observer/filing/0001174947-22-001258.json
- Plain text: https://secwatch.observer/filing/0001174947-22-001258.txt

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