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
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Item 8.01 Other Events
On August 26, 2021, the Board of Directors of Dime Community Bancshares, Inc. (the “Registrant”) authorized a stock repurchase program pursuant to which the Registrant may repurchase up to 2,043,968 shares, or 5.0% of the Registrant’s currently outstanding common stock, upon completion of its existing previously authorized stock repurchase program (49,230 shares remain eligible for repurchase under the existing stock repurchase plan). The repurchase program permits shares to be repurchased through open market purchases, privately negotiated stock repurchases and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.
Repurchases will be made at management’s discretion at prices management considers to be attractive and in the best interests of both the Registrant and its stockholders. The stock repurchase program does not obligate the Registrant to purchase any particular number of shares, and there is no guarantee as to the exact number of shares to be repurchased by the Registrant.
A copy of the press release, dated August 26, 2021, announcing the stock repurchase program is attached as Exhibit 99.1 to this report and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) | Exhibits |
99.1 | ||
104 | Cover Page Interactive Data File (formatted as inline XBRL) | |
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.
Dime Community Bancshares, Inc. (Registrant) | ||
DATE: August 26, 2021 | /s/ PATRICIA M. SCHAUBECK | |
Patricia M. Schaubeck | ||
Executive Vice President & General Counsel |