secwatch.observer — SEC 8-K summary
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Issuer:     Magyar Bancorp, Inc. (MGYR)
CIK:        0001337068
Form:       8-K
Filed at:   2022-12-08T23:59:59+00:00
Accession:  0001174947-22-001258
Event type: other_material
Sentiment:  positive
Materiality: 0.35
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1337068/000117494722001258/0001174947-22-001258-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1337068/000117494722001258/form8k-29103_mgyr.htm
  HTML page:      https://secwatch.observer/filing/0001174947-22-001258

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