0001193125-20-223349.txt : 20200818 0001193125-20-223349.hdr.sgml : 20200818 20200818133259 ACCESSION NUMBER: 0001193125-20-223349 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200818 ITEM INFORMATION: Other Events FILED AS OF DATE: 20200818 DATE AS OF CHANGE: 20200818 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CBM BANCORP, INC. CENTRAL INDEX KEY: 0001742089 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38680 FILM NUMBER: 201112878 BUSINESS ADDRESS: STREET 1: 2001 EAST JOPPA ROAD CITY: BALTIMORE STATE: MD ZIP: 21234 BUSINESS PHONE: (410)665-7600 X 3063 MAIL ADDRESS: STREET 1: 2001 EAST JOPPA ROAD CITY: BALTIMORE STATE: MD ZIP: 21234 8-K 1 d26186d8k.htm 8-K 8-K

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 18, 2020

 

 

CBM BANCORP, INC.

(Exact name of Registrant as Specified in Charter)

 

 

 

Maryland   001-38680   83-1095537

(State or Other Jurisdiction

of Incorporation)

  

(Commission

File Number)

  

(I.R.S. Employer

Identification No.)

2001 East Joppa Road, Baltimore, MD 21234

(Address of Principal Executive Offices)

(410) 665-7600

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 exchange

on which registered

Common Stock (par value $0.01 per share)   CBMB   The NASDAQ Stock Market, LLC

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.  ☐

 

 

 

Item 8.01 Other Events

Effective August 18, 2020, the Board of Directors authorized a plan to repurchase up to $3,500,000 of outstanding shares of Common Stock in the aggregate; provided that the Company maintains a “well-capitalized” designation prior to and throughout the share repurchase program. The repurchases will be made during a period through July 31, 2021, on the open market, in privately negotiated transactions, or in such other manner as will comply with applicable policy, law and regulations. The repurchase plan was adopted in accordance with guidelines specified in Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934, as amended, and the Company’s Insider Trading Policy.

SIGNATURES

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.

 

    CBM BANCORP, INC.
DATE: August 18, 2020     By:  

/s/ Joseph M. Solomon

      Joseph M. Solomon
      President
      (Duly Authorized Officer)