Finwise Bancorp Files 8-K
Ticker: FINW · Form: 8-K · Filed: Mar 7, 2024 · CIK: 1856365
| Field | Detail |
|---|---|
| Company | Finwise Bancorp (FINW) |
| Form Type | 8-K |
| Filed Date | Mar 7, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, disclosure, corporate-events
TL;DR
Finwise Bancorp filed an 8-K on March 6, 2024, covering Reg FD, other events, and financials.
AI Summary
Finwise Bancorp filed an 8-K on March 7, 2024, reporting events that occurred on March 6, 2024. The filing includes information related to Regulation FD Disclosure, Other Events, and Financial Statements and Exhibits. The company is incorporated in Utah and its principal executive offices are located in Murray, Utah.
Why It Matters
This 8-K filing provides updates on Finwise Bancorp's corporate activities and financial disclosures, which are important for investors to monitor the company's status.
Risk Assessment
Risk Level: low — This filing is a routine corporate disclosure and does not appear to contain significant negative or positive news.
Key Players & Entities
- Finwise Bancorp (company) — Registrant
- March 6, 2024 (date) — Date of earliest event reported
- March 7, 2024 (date) — Filing date
- Utah (location) — State of incorporation
- 756 East Winchester St., Suite 100 (address) — Principal executive offices
- Murray, Utah (location) — City and state of principal executive offices
- 801-501-7200 (phone_number) — Registrant's telephone number
FAQ
What is the primary purpose of this 8-K filing for Finwise Bancorp?
The primary purpose is to report on events that occurred on March 6, 2024, including Regulation FD Disclosures, Other Events, and Financial Statements and Exhibits.
When was this 8-K filing submitted to the SEC?
The filing was submitted on March 7, 2024.
In which state is Finwise Bancorp incorporated?
Finwise Bancorp is incorporated in Utah.
What is the address of Finwise Bancorp's principal executive offices?
The principal executive offices are located at 756 East Winchester St., Suite 100, Murray, Utah.
What is the telephone number provided for Finwise Bancorp?
The registrant's telephone number, including area code, is (801) 501-7200.
Filing Stats: 720 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2024-03-07 08:46:25
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share FINW The NASDAQ Stock Market
Filing Documents
- finw-20240306.htm (8-K) — 28KB
- sharerepurchaseprogrampres.htm (EX-99.1) — 14KB
- 0001856365-24-000010.txt ( ) — 173KB
- finw-20240306.xsd (EX-101.SCH) — 2KB
- finw-20240306_lab.xml (EX-101.LAB) — 22KB
- finw-20240306_pre.xml (EX-101.PRE) — 13KB
- finw-20240306_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On March 7, 2024, FinWise Bancorp (the "Company") issued a press release announcing the approval of a share repurchase program, as described in greater detail in Item 8.01 of this Current Report on Form 8-K. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K. Information contained in this Item 7.01, including Exhibit 99.1, shall not be deemed filed for the purposes of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall such information and Exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, and amended, except as shall be expressly set forth by specific reference in such a filing.
01 Other Events
Item 8.01 Other Events. On March 7, 2024, the Company announced that its Board of Directors (the "Board") has authorized, effective March 6, 2024, a common stock repurchase program to purchase up to 641,832 shares of the Company's common stock in the aggregate. The repurchase program expires on March 31, 2026, but may be limited or terminated at any time without prior notice. The repurchase program authorizes the repurchase by the Company of its common stock in open market transactions, including pursuant to a trading plan in accordance with Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or privately negotiated transactions. The authorization permits management to repurchase shares of the Company's common stock from time to time at management's discretion. Repurchases may also be made pursuant to a trading plan under Rule 10b5-1 under the Exchange Act, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so because of self-imposed trading blackout periods or other regulatory restrictions. The actual means and timing of any shares purchased under the program will depend on a variety of factors, including the market price of the Company's common stock, general market and economic conditions, and applicable legal and regulatory requirements. The repurchase program does not obligate the Company to purchase any particular number of shares.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release dated March 7, 2024
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, FinWise Bancorp has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DATE: March 7, 2024 FINWISE BANCORP /s/ Michael C. O'Brien Name: Michael C. O'Brien Title: Corporate Secretary and Executive Vice President