UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 24, 2023 (
(Exact name of registrant as specified in its charter)
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| (Commission File Number) | (IRS Employer |
(Address of principal executive offices) (Zip Code)
(Registrant’s telephone number, including area code)
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:
| | 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 |
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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 8.01 Other Events.
On October 24, 2023, the Board of Directors of Tectonic Financial, Inc. (the “Company”) declared a quarterly cash dividend of $0.225 per share on the Company’s outstanding shares of 9.00% Fixed-to-Floating Rate Series B Noncumulative Perpetual Preferred Stock. The dividend is payable on November 15, 2023 to shareholders of record as of the close of business on November 3, 2023.
On October 24, 2023, the Board of Directors of the Company declared a cash dividend of $0.10 per share on the Company’s outstanding shares of common stock. The dividend is payable on November 15, 2023 to shareholders of record as of the close of business on November 3, 2023.
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.
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Date: October 24, 2023 |
TECTONIC FINANCIAL, INC. |
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By: |
/s/ Ken Bramlage |
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Name: |
Ken Bramlage |
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Title: |
Executive Vice President and Chief Financial Officer |
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Document And Entity Information |
Oct. 24, 2023 |
|---|---|
| Document Information Line Items | |
| Entity Registrant Name | Tectonic Financial, Inc. |
| Trading Symbol | TECTP |
| Document Type | 8-K |
| Amendment Flag | false |
| Entity Central Index Key | 0001766526 |
| Document Period End Date | Oct. 24, 2023 |
| Entity Emerging Growth Company | true |
| Entity Ex Transition Period | true |
| Entity Incorporation, State or Country Code | TX |
| Entity File Number | 001-38910 |
| Entity Tax Identification Number | 82-0764846 |
| Entity Address, Address Line One | 16200 Dallas Parkway, Suite 190 |
| Entity Address, City or Town | Dallas |
| Entity Address, State or Province | TX |
| Entity Address, Postal Zip Code | 75248 |
| City Area Code | (972) |
| Local Phone Number | 720-9000 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Series B preferred stock, par value $0.01 per share |
| Security Exchange Name | NASDAQ |