Form 8-K - Current report
November 22 2023 - 2:27PM
Edgar (US Regulatory)
0001849867false00018498672023-11-212023-11-21
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported) | November 21, 2023 |
Catalyst Bancorp, Inc.
(Exact name of registrant as specified in its charter)
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Louisiana | 001-40893 | 86-2411762 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
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235 N. Court Street, Opelousas, Louisiana | 70570 |
(Address of principal executive offices) | (Zip Code) |
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Registrant’s telephone number, including area code | (337) 948-3033 |
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
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☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| | |
Title of each Class | Trading
Symbol(s) | Name of each exchange on which registered |
Common Stock | CLST | Nasdaq Capital Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 7.01 Regulation FD Disclosure
On November 21, 2023, the Registrant’s Board of Directors approved the Company’s third share repurchase program (the “November 2023 Repurchase Plan”). Under the November 2023 Repurchase Plan, the Company may purchase up to 240,000 shares, or approximately 5%, of the Company's outstanding common stock. The shares may be purchased in the open market or in privately-negotiated transactions from time to time depending upon market conditions and other factors.
ITEM 9.01 Financial Statements and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits
The following exhibits are included herein:
| | |
Exhibit Number | | Description |
104 | | Cover Page Interactive Data File. Embedded within the Inline XBRL document. |
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | CATALYST BANCORP, INC. |
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Date: | November 22, 2023 | | By: | /s/ Joseph B. Zanco |
| | | | Joseph B. Zanco |
| | | | President and Chief Executive Officer |
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