PKBK

Business Context and Reporting Period

Company: PARKE BANCORP, INC.
Filing Type: Form 8-K (Current Report)
Date of Report: April 17, 2018
Event: Declaration of a stock split and an increase in the quarterly cash dividend.

Key Financial Metrics

This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on corporate actions regarding equity and dividends.

Material Changes

• Stock Split: The Board of Directors declared an 11-for-10 stock split.
• Dividend Increase: The quarterly cash dividend was increased from $0.12 per share to $0.14 per share.

Guidance, Outlook, and Management Commentary

Stock Split Details:

• Record Date: May 5, 2018
• Payment Date: May 18, 2018

Dividend Details:

• New Rate: $0.14 per share
• Effective Date: The dividend to be paid in July 2018

The filing incorporates a press release (Exhibit 99.1) for further details but provides no specific forward-looking guidance, risk factors, or discussion of unusual items beyond the announced corporate actions.

Investor Verification Checklist

• Verify the record date (May 5, 2018) to ensure eligibility for the 11-for-10 stock split.
• Confirm the payment date (May 18, 2018) for the stock split distribution.
• Review the upcoming July dividend payment to confirm the new rate of $0.14 per share.
• Check the attached Exhibit 99.1 (Press Release) for any additional context regarding the rationale for these actions.