PEAPACK GLADSTONE Alters Bylaws, Sells Equity, Enters Agreement
Ticker: PGC · Form: 8-K · Filed: Mar 26, 2026 · CIK: 0001050743
| Field | Detail |
|---|---|
| Company | Peapack Gladstone Financial Corp (PGC) |
| Form Type | 8-K |
| Filed Date | Mar 26, 2026 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $30.0 million, $1,000, $200,000, $38, $1,000.00 |
| Sentiment | mixed |
Complexity: moderate
Sentiment: mixed
Topics: equity-sales, corporate-governance, material-agreement
TL;DR
**PEAPACK GLADSTONE just changed its rules and sold new stock, watch for dilution.**
AI Summary
PEAPACK GLADSTONE FINANCIAL CORP filed an 8-K on March 26, 2026, reporting significant corporate actions that occurred on March 24, 2026. These include entering into a material definitive agreement, unregistered sales of equity securities, and amendments to their Articles of Incorporation or Bylaws. This matters to investors because these actions can impact the company's capital structure, ownership dilution, and future governance, potentially affecting stock value and shareholder rights.
Why It Matters
These changes could dilute existing shareholders, alter corporate governance, and signal new strategic directions for PEAPACK GLADSTONE FINANCIAL CORP.
Risk Assessment
Risk Level: medium — The filing indicates significant changes to corporate structure and potential dilution, which introduces moderate risk for current shareholders.
Analyst Insight
A smart investor would investigate the details of the 'Material Definitive Agreement' and the 'Unregistered Sales of Equity Securities' to understand the potential dilution and strategic implications before making any investment decisions.
Key Players & Entities
- PEAPACK GLADSTONE FINANCIAL CORP (company) — Filer of the 8-K
- 0001050743 (company) — CIK of the Filer
- March 26, 2026 (date) — Filing Date
- March 24, 2026 (date) — Period of Report
Forward-Looking Statements
- The unregistered sales of equity securities will lead to a slight dilution of existing shareholder value. (PEAPACK GLADSTONE FINANCIAL CORP) — medium confidence, target: 2026-06-30
- The amendments to Articles of Incorporation or Bylaws will result in minor governance changes, unlikely to significantly impact daily operations. (PEAPACK GLADSTONE FINANCIAL CORP) — low confidence, target: 2026-09-30
FAQ
What specific items were reported in this 8-K filing by PEAPACK GLADSTONE FINANCIAL CORP?
The 8-K filing by PEAPACK GLADSTONE FINANCIAL CORP reported on Item 1.01: Entry into a Material Definitive Agreement, Item 3.02: Unregistered Sales of Equity Securities, Item 5.03: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Item 7.01: Regulation FD Disclosure, and Item 9.01: Financial Statements and Exhibits.
When was this 8-K filing submitted and accepted by the SEC?
This 8-K filing was submitted and accepted by the SEC on March 26, 2026, at 09:29:32.
What is the CIK number for PEAPACK GLADSTONE FINANCIAL CORP, as stated in the filing?
The CIK number for PEAPACK GLADSTONE FINANCIAL CORP is 0001050743, according to the filing.
What type of documents were included in this 8-K submission?
The submission included an 8-K document (d124437d8k.htm), EX-3.1 (d124437dex31.htm), EX-10.1 (d124437dex101.htm), and EX-99.1 (d124437dex991.htm), along with XBRL taxonomy files.
What is the business address of PEAPACK GLADSTONE FINANCIAL CORP as listed in the filing?
The business address of PEAPACK GLADSTONE FINANCIAL CORP is 500 HILLS DRIVE, BEDMINSTER, NJ 07921, with a phone number of 9082340700.
Filing Stats: 1,408 words · 6 min read · ~5 pages · Grade level 11.9 · Accepted 2026-03-26 09:29:32
Key Financial Figures
- $30.0 million — saction, resulting in gross proceeds of $30.0 million. The Company relied on the exemption fr
- $1,000 — 20,000 shares of the Preferred Stock at $1,000 per share to the Purchasers, which the
- $200,000 — eliver to the Purchasers a total fee of $200,000 in four equal installments on (i) April
- $38 — 1,000 Liquidation Preference divided by $38.00, or 26.3157 shares of common stock o
- $1,000.00 — ce equal to the liquidation preference ($1,000.00 per share), plus declared and unpaid di
Filing Documents
- d124437d8k.htm (8-K) — 35KB
- d124437dex31.htm (EX-3.1) — 78KB
- d124437dex101.htm (EX-10.1) — 292KB
- d124437dex991.htm (EX-99.1) — 7KB
- 0001193125-26-125298.txt ( ) — 634KB
- pgc-20260324.xsd (EX-101.SCH) — 3KB
- pgc-20260324_lab.xml (EX-101.LAB) — 18KB
- pgc-20260324_pre.xml (EX-101.PRE) — 11KB
- d124437d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits . The following Exhibits are attached as part of this report. Exhibit Number Description 3.1 Certificate of Amendment to the Certificate of Incorporation 10.1 Purchase Agreement, dated March 26, 2026, by and among the Company, Strategic Value Investors, LP, and Strategic Value Private Investors II, LP 99.1 Press Release dated March 26, 2026 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE 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. PEAPACK-GLADSTONE FINANCIAL CORPORATION Dated: March 26, 2026 By: /s/ Frank A. Cavallaro Name: Frank A. Cavallaro Title: Senior Executive Vice President and Chief Financial Officer