{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-21-212148","form_type":"8-K","ticker":"MGYR","cik":"0001337068","company_name":"Magyar Bancorp, Inc.","filed_at":"2021-07-12T23:59:59+00:00","discovered_at":"2026-05-14T18:04:17.754393+00:00","generated_at":"2026-06-30T06:00:52.355609+00:00","sec_items":["5.03","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Magyar Bancorp closes mutual-to-stock conversion on July 14 at max offering of 3.91M shares at $10","bullets":["All regulatory approvals received; conversion closing at business close on July 14, 2021.","Sale of 3,910,000 shares at $10.00 per share (maximum of offering range); oversubscribed by eligible depositors.","Existing public shares converted at exchange ratio of 1.2213; expected ~7,098,070 shares outstanding post-conversion.","Authorized shares increased from 9M to 14.5M (common 14M, preferred 0.5M) and exclusive Delaware forum provision added.","Employee stock plan unable to purchase in offering; expected to buy up to 8% of shares sold in the open market post-close."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-21-212148","json":"https://secwatch.observer/filing/0001193125-21-212148.json","markdown":"https://secwatch.observer/filing/0001193125-21-212148.md","text":"https://secwatch.observer/filing/0001193125-21-212148.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1337068/000119312521212148/0001193125-21-212148-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1337068/000119312521212148/d566502d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-30T06:00:52.355609+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}