---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-25-000836"
form_type: "8-K"
ticker: "MGYR"
cik: "0001337068"
company_name: "Magyar Bancorp, Inc."
filed_at: "2025-05-22T23:59:59+00:00"
generated_at: "2026-05-20T17:47:39.593346+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Magyar Bancorp authorizes new 5% stock repurchase program for up to 323,547 shares

## Summary
- New program authorizes repurchase of up to 323,547 shares, representing ~5% of outstanding common stock.
- Prior Dec 2022 program completed with 337,146 shares repurchased at an average price of $12.23 per share.
- Repurchased shares will be held as treasury stock and used for general corporate purposes.
- Timing of repurchases depends on market conditions, liquidity, and alternative uses of capital.

## SEC filing metadata
- accession: 0001174947-25-000836
- form_type: 8-K
- ticker: MGYR
- cik: 0001337068
- company_name: Magyar Bancorp, Inc.
- filed_at: 2025-05-22T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1337068/000117494725000836/0001174947-25-000836-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1337068/000117494725000836/form8k-34293_mgyr.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-25-000836
- JSON: https://secwatch.observer/filing/0001174947-25-000836.json
- Plain text: https://secwatch.observer/filing/0001174947-25-000836.txt

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