Business Context and Reporting Period
Company: Bogota Financial Corp. (BSBK), a Maryland corporation and holding company for Bogota Savings Bank.
Filing Type: Form 8-K (Current Report)
Date of Report: August 12, 2025
Reporting Period: Event date of August 12, 2025.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The report focuses exclusively on a corporate action regarding share repurchases.
Material Changes
The primary material event reported is the receipt of regulatory approval for a new stock repurchase program. This is the Company's sixth such program.
- Authorization: Approval to repurchase up to 237,590 shares of common stock.
- Percentage of Outstanding: Approximately 5% of outstanding common stock (excluding shares held by Bogota Financial, MHC).
- Execution Method: Shares may be repurchased via open market transactions, private transactions, or pursuant to a Rule 10b5-1 trading plan.
Guidance, Outlook, and Risks
The filing does not provide specific financial guidance, forward-looking outlook statements, or a discussion of risks and contingencies beyond the standard execution of the repurchase program. Management commentary is limited to the announcement of the regulatory approval and the mechanics of the buyback.
Investor Verification Checklist
- Verify the total number of shares outstanding to confirm the 5% calculation of the repurchase authorization.
- Review the attached press release (Exhibit 99.1) for any additional details on pricing or timing not included in the 8-K text.
- Monitor future filings for the commencement of the repurchase program and the actual volume of shares purchased.
- Confirm the status of shares held by Bogota Financial, MHC to understand the exact denominator used for the 5% calculation.