PARKE BANCORP, INC. 8-K

What Happened PARKE BANCORP, INC. (PKBK) announced on May 22, 2026 that its Board of Directors adopted a stock repurchase program to allow the company to repurchase up to 5% of its outstanding common stock during the next twelve months, unless completed sooner or extended. The company said open-market purchases are intended to be conducted in accordance with applicable SEC rules. A press release dated May 22, 2026 was filed as Exhibit 99.1.

Key Details

• Board adopted the program on May 22, 2026.
• Authorization: repurchases of up to 5% of common stock.
• Term: available for the next 12 months unless completed sooner or extended.
• Purchases: expected to be made in the open market and subject to SEC rules; timing and amount depend on price, corporate and regulatory requirements, and market conditions.

Why It Matters A company buyback program gives management flexibility to return capital to shareholders and can reduce outstanding shares if repurchases occur, which may affect per-share metrics. The filing does not commit to a specific dollar amount, schedule, or guaranteed purchases—actual repurchases will depend on market and regulatory conditions. Investors should watch future disclosures for any announced repurchase activity or completion updates.