CENTRAL FEDERAL BANCSHARES, INC. (OTCMKTS: CFDB) Files An 8-K Other EventsItem 8.01. Other Events.
On November 27, 2018, Central Federal Bancshares, Inc. (the “Company”) announced that its Board of Directors has adopted a new stock repurchase program. Under the new repurchase program, the Company may repurchase up to 80,296 shares of its common stock. Repurchases under this program will commence no sooner than November 29, 2018 and will be made consistent with the Company’s insider trading policies. Under the current share repurchase plan announced June 22, 2018, which was terminated upon the adoption of the new plan, the Company repurchased 54,300 shares at a weighted average price of $13.52.
A copy of the press release dated November 27, 2018, announcing the stock repurchase program is attached as Exhibit 99.1 to this report and is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
| (a) | Not applicable. |
| (b) | Not applicable. |
| (c) | Not applicable. |
| (d) | Exhibits: |
| Exhibit No. | Exhibit Description |
| 99.1 | Press release dated November 27, 2018. |
Central Federal Bancshares, Inc ExhibitEX-99.1 2 ex99-1.htm Exhibit 99.1 CENTRAL FEDERAL BANCSHARES,…To view the full exhibit click here