SEC Filing Summary: Central Valley Community Bancorp
Business Context and Reporting Period
This Form 8-K was filed by Central Valley Community Bancorp on September 28, 2011. The registrant is a California corporation headquartered in Fresno, California. The report details a specific corporate event regarding the repurchase of a warrant from the U.S. Treasury.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or margin data. The only specific financial metric disclosed is the transaction cost for the warrant repurchase:
- Warrant Repurchase Cost: $185,000
- Shares Underlying Warrant: 79,067 shares of common stock
Material Changes
The material change reported is the completion of the repurchase of a warrant issued to the U.S. Treasury in January 2009 under the Capital Purchase Program. This transaction reduces the potential dilution of existing shareholders associated with the warrant.
Outlook, Risks, and Management Commentary
The filing contains no forward-looking guidance, management commentary on future performance, or discussion of new risks or contingencies beyond the execution of the warrant repurchase.
Investor Verification Checklist
- Verify the impact of the $185,000 cash outflow on the company's current liquidity position.
- Confirm the reduction in potential share dilution following the cancellation of the 79,067 shares covered by the Treasury warrant.
- Review the company's most recent 10-Q or 10-K for comprehensive financial performance data, as this 8-K does not contain such figures.