secwatch.observer — SEC 8-K summary
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Issuer:     OP Bancorp (OPBK)
CIK:        0001722010
Form:       8-K
Filed at:   2023-08-28T23:59:59+00:00
Accession:  0001628280-23-030786
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OP Bancorp board authorizes repurchase of up to 750,000 shares (~5% of outstanding)
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- Board approved stock repurchase program on August 24, 2023; up to 750,000 shares or ~5% of shares outstanding.
- Program runs until December 31, 2024 unless terminated earlier or maximum shares repurchased.
- Shares may be bought via open market, block trades, privately negotiated transactions, or Rule 10b5-1 plans.
- Repurchase timing and amount depend on market conditions, price, trading volume, and regulatory requirements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722010/000162828023030786/0001628280-23-030786-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722010/000162828023030786/opbk-20230824.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-030786

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