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
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Item 7.01Regulation FD Disclosure.
On May 22, 2023, Bar Harbor Bankshares (the “Company”) issued a press release announcing that its board of directors (the “Board”) has authorized a stock repurchase plan (the “Repurchase Plan”) pursuant to which the Company may repurchase up to 756,000 shares of Company common stock, which represents approximately 5% of our outstanding common stock as of April 30, 2023, a copy of which is furnished as Exhibit 99.1 hereto and incorporated herein by reference. All information included in the press release is of the date thereof, and the Company does not assume any obligation to update such information in the future.
The information set forth in this Item 7.01 (including the information in Exhibit 99.1 hereto) is being furnished to the Securities and Exchange Commission and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liability under the Exchange Act. Such information shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 8.01 Other Events.
On May 22, 2023, the Company announced that its Board authorized the Repurchase Plan. Stock repurchases under the Repurchase Plan will be made from time to time in the open market or privately negotiated transactions, potentially including through a Rule 10b5-1 plan, or otherwise, at the discretion of management of the Company and in accordance with applicable legal requirements. The Repurchase Plan does not obligate the repurchase of any particular dollar amount or number of shares of common stock, and may be suspended or discontinued at any time without notice. The Company currently anticipates the Repurchase Plan will remain in effect for 12 months following the Board’s approval of the Repurchase Plan on May 18, 2023, unless the entire authorized amount of shares is sooner repurchased.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. |
| Description |
99.1 | ||
104 | Cover Page Interactive Data File (embedded within the inline XBRL document) |