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

Issuer:     Stellar Bancorp, Inc. (STEL)
CIK:        0001473844
Form:       8-K
Filed at:   2023-05-26T23:59:59+00:00
Accession:  0001473844-23-000022
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stellar Bancorp: Director resigns, dividend declared, buyback expanded to $60M
------------------------------------------------------------------------------

- Director William S. Nichols III resigns effective May 30, 2023, no disagreement cited.
- Quarterly dividend of $0.13/share declared, payable June 30, 2023, record June 15.
- Share repurchase authorization expanded from $40M to $60M, extended through May 31, 2024.
- Shareholders elected four Class I directors (Beckworth, Robertson, Swinbank, Wilson) and ratified Crowe LLP as auditor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473844/000147384423000022/0001473844-23-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473844/000147384423000022/stel-20230525.htm
  HTML page:      https://secwatch.observer/filing/0001473844-23-000022

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