UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________
FORM
_________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
_______________________________
(Exact name of registrant as specified in its charter)
_______________________________
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
(Address of Principal Executive Offices) (Zip Code)
(
(Registrant's telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
_______________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company,indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
On December 4, 2019, the Board of Directors of Brookline Bancorp, Inc. (the “Company”) approved a stock repurchase program of up to $10 million of total outstanding shares of the Company’s common stock over a period of twelve months commencing on January 1, 2020 and ending on December 31, 2020. The shares may be repurchased from time to time in open market or negotiated transactions at prevailing market prices in accordance with federal securities laws. A copy of the press release is furnished as Exhibit 99.1 and incorporated herein by reference.
99.1 Press release of Brookline Bancorp, Inc. issued December 4, 2019.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BROOKLINE BANCORP INC | ||
| Date: December 4, 2019 | By: | /s/ Carl M. Carlson |
| Carl M. Carlson | ||
| Chief Financial Officer | ||
EXHIBIT INDEX
| Exhibit Number | Description | |
| 99.1 | Press Release dated December 4, 2019 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
EXHIBIT 99.1
Brookline Bancorp, Inc. Announces Approval of Stock Repurchase Program
BOSTON, Dec. 04, 2019 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (the “Company”)(NASDAQ: BRKL), the bank holding company for Brookline Bank, Bank Rhode Island and First Ipswich Bank, today announced that the Board of Directors has approved a stock repurchase program for the Company. The program authorizes the repurchase by the Company of up to $10 million of its total outstanding shares of common stock over a period of twelve months commencing on January 1, 2020 and ending on December 31, 2020. The shares may be repurchased from time to time in the open market or negotiated transactions at prevailing market rates in accordance with federal securities laws.
ABOUT BROOKLINE BANCORP, INC.
Brookline Bancorp, Inc. is a multi-bank holding company for Brookline Bank, First Ipswich Bank, and Bank Rhode Island and their subsidiaries. Headquartered in Boston, MA, the Company has $7.9 billion in assets and branches throughout Massachusetts and Rhode Island. As a commercially-focused financial institution, the Company, through its banks, offers a wide range of commercial, business and retail banking services, including a full complement of cash management products, on-line banking services, consumer and residential loans and investment services designed to meet the financial needs of small-to mid-sized businesses and retail customers. The Company also provides equipment financing through its Eastern Funding and Macrolease Corporation subsidiaries.
Contact:
Carl M. Carlson
Brookline Bancorp, Inc.
Chief Financial Officer
(617) 425-5331
ccarlson@brkl.com
Cover |
Dec. 04, 2019 |
|---|---|
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | Dec. 04, 2019 |
| Entity File Number | 0-23695 |
| Entity Registrant Name | BROOKLINE BANCORP INC |
| Entity Central Index Key | 0001049782 |
| Entity Tax Identification Number | 04-3402944 |
| Entity Incorporation, State or Country Code | DE |
| Entity Address, Address Line One | 131 Clarendon Street |
| Entity Address, City or Town | Boston |
| Entity Address, State or Province | MA |
| Entity Address, Postal Zip Code | 02116 |
| City Area Code | (617) |
| Local Phone Number | 425-4600 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common |
| Trading Symbol | BRKL |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |