secwatch.observer — SEC 8-K summary
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Issuer:     BIMINI CAPITAL MANAGEMENT, INC. (BMNM)
CIK:        0001275477
Form:       8-K
Filed at:   2021-09-16T23:59:59+00:00
Accession:  0001518621-21-000126
Event type: other_material
Sentiment:  positive
Materiality: 0.45
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bimini Capital Management authorizes up to $2.5M share repurchase plan over 24 months
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- Board approved up to $2.5M repurchase of Class A Common Stock, replacing March 2018 plan.
- Repurchases under Rule 10b5-1 executed by Ladenburg Thalmann; expected to start September 27, 2021.
- Prior plan from 2018 repurchased 71,599 shares at aggregate cost of ~$169,000.
- Plan expires in 24 months or earlier if full amount repurchased; no obligation to buy any shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275477/000151862121000126/0001518621-21-000126-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275477/000151862121000126/bmnm10q20210916.htm
  HTML page:      https://secwatch.observer/filing/0001518621-21-000126

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