First Choice Bancorp (NASDAQ: FCBP) Files An 8-K Other EventsItem 8.01. Other Events.
On November 29, 2018, the Board of Directors of First Choice Bancorp, a California corporation (the “Company”) authorized a stock repurchase plan providing for the repurchase of up to 1.2 million shares of the Company’s outstanding common stock. The timing, price and volume of repurchases will be based on market, price and business conditions, relevant securities laws and other factors. The stock repurchases may be made from time to time, through solicited or unsolicited transactions in the open market, in privately negotiated transactions or to a Rule 10b5-1 plan or a plan administered in accordance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended, at the discretion of management. The amount of common stock subject to the repurchase program represents approximately 10% of the Company’s outstanding common stock. The program may be discontinued or amended at any time.
A copy of the Company’s press release announcing these matters is attached to this Current Report on Form 8-K as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
First Choice Bancorp ExhibitEX-99.1 2 ex99-1.htm First Choice Bancorp Announces Stock Repurchase Program CERRITOS,…To view the full exhibit click