ITEM 2.02 Results of Operations and Financial Condition
On April 27, 2023, the Registrant announced its results of operations for the
quarter ended March 31, 2023. A copy of the related press release (the "Press
Release") is attached as Exhibit 99.1 to this Current Report on Form 8-K. The
Press Release attached hereto is being furnished to the SEC and shall not be
deemed "filed" for any purpose except as otherwise provided herein.
ITEM 7.01 Regulation FD Disclosure
On April 27, 2023, the Registrant announced that its Board of Directors approved
the Company's second share repurchase program (the "April 2023 Repurchase
Plan"). Under the April 2023 Repurchase Plan, the Company may purchase up to
252,000 shares, or approximately 5%, of the Company's outstanding common stock.
The shares may be purchased in the open market or in privately-negotiated
transactions from time to time depending upon market conditions and other
factors.
For additional information, reference is made to the Press Release attached
hereto as Exhibit 99.1. The Press Release attached hereto as an exhibit is being
furnished to the SEC and shall not be deemed to be "filed" for any purpose
except as otherwise provided herein.
ITEM 9.01 Financial Statements and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits
The following exhibits are included herein:
Exhibit Number Description
99.1 Press Release, dated April 27, 2023
104 Cover Page Interactive Data File. Embedded within the Inline XBRL document.
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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.
CATALYST BANCORP, INC.
Date: April 27, 2023 By: /s/ Joseph B. Zanco
Joseph B. Zanco
President and Chief Executive Officer
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