SEC Filing Summary: Central Valley Community Bancorp (8-K)
Business Context and Reporting Period
This Form 8-K was filed by Central Valley Community Bancorp on April 18, 2007. The registrant is a California corporation headquartered in Clovis, California. The report discloses a corporate action approved by the Board of Directors on the date of the report.
Key Financial Metrics
The filing does not provide specific financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity ratios. The document focuses exclusively on the authorization of a share repurchase program.
Material Changes
The primary material event is the approval of a new stock repurchase program. The Company is authorized to repurchase up to approximately $2,000,000 of its outstanding common stock. The program is effective from April 18, 2007, through October 18, 2007. Repurchases will be conducted via open market transactions through brokers, subject to availability.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future earnings, or specific risk factors beyond the standard nature of open market transactions. The repurchase program is contingent on market availability.
Investor Verification Checklist
- Verify the total number of shares repurchased and the average price paid per share during the program period.
- Confirm the remaining authorization amount under the $2,000,000 cap as the program progresses.
- Review subsequent filings to determine if the program was extended, modified, or terminated before the October 18, 2007 expiration date.
- Check the Company's cash position in the most recent 10-Q or 10-K to assess the impact of the repurchase on liquidity.