SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 15, 2019
AUBURN NATIONAL BANCORPORATION, INC.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
100 North Gay Street, P.O. Drawer 3110, Auburn, Alabama 36831-3110
(Address of principal executive offices)
(Registrants telephone number, including area code)
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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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.|| |
On January 15, 2019, the Board of Directors of Auburn National Bancorporation, Inc. (the Company) announced that its Board of Directors has approved a stock repurchase program. The program authorizes the repurchase from time to time, of up to $5 million of the Companys issued and outstanding common stock through March 2020. The stock repurchases may be open-market or private purchases, negotiated transactions, block purchases, and otherwise. The amount and timing of the stock repurchases will be based on various factors, such as managements assessment of the Companys liquidity, the market price of Company common stock compared to managements assessment of such stocks underlying value, and other applicable regulatory, legal and accounting factors. A copy of the press release is attached and incorporated herein by reference as Exhibit 99.1.
|Item 9.01.|| |
Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is furnished herewith:
|99.1||Press Release, dated January 15, 2019|
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.
Date: January 15, 2019
Auburn National Bancorporation, Inc.
|By:||/s/ David A. Hedges|
David A. Hedges
Executive Vice President and Chief Financial Officer