Pioneer Bancorp Files 8-K

TL;DR

Pioneer Bancorp filed an 8-K, check for updates.

AI Summary

Pioneer Bancorp, Inc./MD filed an 8-K on May 21, 2024, reporting other events and financial statements/exhibits. The filing does not contain specific financial figures or details about the nature of the 'Other Events' beyond its classification.

Why It Matters

This filing indicates a regulatory update from Pioneer Bancorp, Inc./MD, which may contain important information for investors regarding company events or financial disclosures.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for reporting events and exhibits, without immediate indication of significant financial distress or major corporate changes.

Key Players & Entities

• Pioneer Bancorp, Inc./MD (company) — Registrant
• May 21, 2024 (date) — Date of Report

FAQ

Filing Documents

• form8k_052124.htm (8-K) — 27KB
• ex99-1_8k052124.htm (EX-99.1) — 9KB
• image0.jpg (GRAPHIC) — 20KB
• 0000943374-24-000192.txt ( ) — 204KB
• pbfs-20240521.xsd (EX-101.SCH) — 4KB
• pbfs-20240521_lab.xml (EX-101.LAB) — 23KB
• pbfs-20240521_pre.xml (EX-101.PRE) — 16KB
• form8k_052124_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events On May 21, 2024, Pioneer Bancorp, Inc. (the "Company") announced it has adopted a stock repurchase program. Under the repurchase program, the Company may repurchase up to 1,298,883 shares of its common stock, or approximately 5.0% of the current outstanding shares. Shares may be repurchased in open market or private transactions, through block trades, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission (the "SEC"). The repurchase program has no expiration date. Repurchases will be made at management's discretion at prices management considers to be attractive and in the best interests of both the Company and its stockholders, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company's financial performance. Open market purchases will be subject to the limitations set forth in Rule 10b-18 of the SEC and other applicable legal requirements. The timing and amount of share repurchases under the repurchase program may be suspended, terminated or modified by the Company at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The Company is not obligated to repurchase any particular number of shares or any shares in any specific time period. A copy of the press release announcing the stock repurchase program is included as exhibit 99.1 to this report and is incorporated herein by reference. In addition, on May 21, 2024, the Compensation Committee of the Board of Directors of the Company has approved restricted stock and stock option grants to officers, employees and directors of the Company, pursuant to the Pioneer Bancorp, Inc. 2020 Equity Incentive Plan (the "Plan"). The Plan

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits Exhibit No. Description 99.1 Press Release of Pioneer Bancorp, Inc. dated May 21, 2024 104 Cover Page Interactive Data File (formatted as inline XBRL).

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. PIONEER BANCORP, INC. DATE: May 21, 2024 By: /s/ Thomas L. Amell Thomas L. Amell President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR