Mid Penn Bancorp Files 8-K with Operational Updates
Ticker: MPB · Form: 8-K · Filed: Jul 24, 2024 · CIK: 879635
| Field | Detail |
|---|---|
| Company | Mid Penn Bancorp INC (MPB) |
| Form Type | 8-K |
| Filed Date | Jul 24, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.00, $215,000, $30,000, $0.20 |
| Sentiment | neutral |
Sentiment: neutral
Topics: operations, corporate-governance, financials
Related Tickers: MPB
TL;DR
MPB filed an 8-K on 7/24 detailing operations, exec changes, and financials.
AI Summary
Mid Penn Bancorp, Inc. filed an 8-K on July 24, 2024, reporting on results of operations, director and officer changes, and other events. The filing also includes financial statements and exhibits. The company is incorporated in Pennsylvania and its principal executive offices are located in Harrisburg.
Why It Matters
This 8-K filing provides crucial updates on Mid Penn Bancorp's financial performance and corporate governance, which are important for investors to assess the company's current standing and future prospects.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of operational and corporate governance information, not indicating any immediate financial distress or significant negative events.
Key Players & Entities
- MID PENN BANCORP INC (company) — Registrant
- Pennsylvania (location) — State of Incorporation
- July 24, 2024 (date) — Date of Report
- Harrisburg (location) — City of Principal Executive Offices
FAQ
What specific financial results are being reported in this 8-K?
The filing indicates 'Results of Operations and Financial Condition' as an item, but the specific financial details are not provided in the provided text excerpt.
Were there any departures or elections of directors or officers?
Yes, the filing lists 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' as an item.
What is the Central Index Key for Mid Penn Bancorp?
The Central Index Key for Mid Penn Bancorp, Inc. is 0000879635.
When was Mid Penn Bancorp incorporated?
Mid Penn Bancorp, Inc. was incorporated in Pennsylvania.
What is the SIC code for Mid Penn Bancorp?
The Standard Industrial Classification code for Mid Penn Bancorp, Inc. is 6022 (State Commercial Banks).
Filing Stats: 748 words · 3 min read · ~2 pages · Grade level 9.7 · Accepted 2024-07-24 16:25:56
Key Financial Figures
- $1.00 — ange on which registered Common Stock, $1.00 par value per share MPB The NASDAQ Stoc
- $215,000 — f will receive an annual base salary of $215,000, will be provided a $30,000 signing bon
- $30,000 — salary of $215,000, will be provided a $30,000 signing bonus in the form of a forgivab
- $0.20 — s declared a quarterly cash dividend of $0.20 per common share payable on August 26,
Filing Documents
- mpb-20240724.htm (8-K) — 31KB
- mpb-20240630xexx991.htm (EX-99.1) — 681KB
- 0000879635-24-000140.txt ( ) — 870KB
- mpb-20240724.xsd (EX-101.SCH) — 2KB
- mpb-20240724_lab.xml (EX-101.LAB) — 21KB
- mpb-20240724_pre.xml (EX-101.PRE) — 12KB
- mpb-20240724_htm.xml (XML) — 3KB
02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION On July 24, 2024, Mid Penn Bancorp, Inc. (the "Corporation") issued a press release discussing its financial results for the quarter ended June 30, 2024. A copy of the Corporation's press release dated July 24, 2024 is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. ITEM 5.02 D EPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. On July 22, 2024, Mid Penn Bank, the wholly-owned bank subsidiary of Mid Penn Bancorp, Inc., announced the appointment of Jeffrey Wolff, CPA, as Chief Accounting Officer and Senior Vice President. Mr. Wolff, age 56, has over 24 years of accounting experience and, prior to that, served in the United States Marine Corps. Mr. Wolff most recently held the position of Director of Close and Consolidation for Santander Bank (Wyomissing, Pennsylvania) from May 2015 to July 2024. Prior to his time with Santander Bank, Mr. Wolff served as Controller of SP Industries, Inc. (Warminster, Pennsylvania) from September 2013 to May 2015. A certified public accountant, Mr. Wolff is a graduate of Villanova University where he received a Bachelor of Science in Accounting. In connection with his appointment, Mr. Wolff will receive an annual base salary of $215,000, will be provided a $30,000 signing bonus in the form of a forgivable note after one month of employment, and be eligible to participate in Mid Penn Bank's incentive, retirement and benefit plans as made available to similarly situated employees. There are no family relationships between Mr. Wolff and any director, executive officer or any person nominated or chosen by Mid Penn Bancorp., Inc. to become a director or executive officer. No information is required to be disclosed with respect to Mr. Wolff pursuant to Item 404(a) of Regulation S-K.
01 OTHER EVENTS
ITEM 8.01 OTHER EVENTS Additionally, on July 24, 2024, the Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.20 per common share payable on August 26, 2024 to shareholders of record as of August 9, 2024.
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. 99.1 Press release, dated July 24, 2024, of Mid Penn Bancorp, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES 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. MID PENN BANCORP, INC. (Registrant) Date: July 24, 2024 By: /s/ Rory G. Ritrievi Rory G. Ritrievi President and Chief Executive Officer