secwatch.observer — SEC 8-K summary
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Issuer:     CF BANKSHARES INC. (CFBK)
CIK:        0001070680
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001193125-24-024835
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CF Bankshares exchanges 200,000 common shares for 2,000 Series D preferred shares
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- Issued 2,000 Series D non-voting convertible perpetual preferred stock to an existing stockholder in exchange for 200,000 voting common shares.
- Series D designation of 5,000 authorized shares filed Feb 5 to facilitate stock repurchases, including existing buyback program.
- Series D preferred: no voting rights, convertible on a 100:1 basis to non-voting or voting common (subject to 9.9% ownership cap).
- Dividend rights identical to common shares on as-converted basis; shares are not redeemable.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070680/000119312524024835/0001193125-24-024835-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070680/000119312524024835/d718453d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-024835

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