secwatch.observer — SEC 8-K summary
======================================

Issuer:     CATHAY GENERAL BANCORP (CATY)
CIK:        0000861842
Form:       8-K
Filed at:   2024-05-29T23:59:59+00:00
Accession:  0001437749-24-018531
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cathay General Bancorp authorizes new $125M share repurchase program
--------------------------------------------------------------------

- Board approved repurchase of up to $125M of common stock; replaces prior $125M program completed Feb 2023.
- Prior program repurchased 2,897,628 shares at avg $43.14 per share.
- Repurchases may occur on open market or in private transactions; 10b5-1 plan permitted.
- Approximately 72.8M shares outstanding as of May 28, 2024.
- Program can be suspended or modified at any time based on market conditions and other factors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861842/000143774924018531/0001437749-24-018531-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861842/000143774924018531/caty20240528_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-018531

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