SEC Filing Summary: First PacTrust Bancorp, Inc.
Business Context and Reporting Period
This Form 8-K was filed on May 11, 2011, by First PacTrust Bancorp, Inc., a Maryland corporation. The report details a corporate governance action taken on the same date regarding the company's capital structure.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current report regarding a charter amendment and does not contain financial performance data.
Material Changes
The Company amended its articles supplementary to its charter for Class B Non-Voting Common Stock. The number of authorized shares of Non-Voting Common Stock was increased by 300,000 shares, raising the total from 2,836,156 to 3,136,156 shares.
Management Commentary and Context
The Board of Directors approved this amendment in connection with the recent adoption of the Company's Dividend Reinvestment Plan. The amendment was filed with and accepted by the Maryland Department of Assessments and Taxation on May 11, 2011.
Investor Verification Checklist
- Verify the total authorized share count for Class B Non-Voting Common Stock is now 3,136,156.
- Confirm the operational details and terms of the newly adopted Dividend Reinvestment Plan.
- Review the attached Exhibit 3.1 (Articles of Amendment) for specific legal language regarding the share increase.