---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-039251"
form_type: "8-K"
ticker: "OLB"
cik: "0001314196"
company_name: "OLB GROUP, INC."
filed_at: "2022-07-14T23:59:59+00:00"
generated_at: "2026-06-24T14:50:30.539097+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# OLB Group authorizes buyback of up to 1M shares; no debt, $4M cash on hand

## Summary
- Board authorized repurchase of up to 1,000,000 shares of common stock with no set termination date.
- Company has zero corporate debt and $4M cash as of March 31, 2022; projects positive cash flow by year-end 2022.
- Annualized revenue run rate of $36M vs. 2021 revenue of $9.6M; market valuation under $14M (0.4x projected 2022 revenue).
- Insider ownership approx. 32%; 98% of revenue from profitable eCommerce operations.
- Buyback to commence after Q2 2022 financials release in August; funded from existing cash.

## SEC filing metadata
- accession: 0001213900-22-039251
- form_type: 8-K
- ticker: OLB
- cik: 0001314196
- company_name: OLB GROUP, INC.
- filed_at: 2022-07-14T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1314196/000121390022039251/0001213900-22-039251-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1314196/000121390022039251/ea162767-8k_theolbgroup.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-039251
- JSON: https://secwatch.observer/filing/0001213900-22-039251.json
- Plain text: https://secwatch.observer/filing/0001213900-22-039251.txt

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