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JXSB > SEC Filings for JXSB > Form 8-K on 16-Oct-2013All Recent SEC Filings

Show all filings for JACKSONVILLE BANCORP, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for JACKSONVILLE BANCORP, INC.


16-Oct-2013

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events.

On October 15, 2013, the Company's Board of Directors authorized a stock repurchase plan for the Company to repurchase up to 5% of its outstanding shares of common stock, or 92,018 shares in the open market, in block trades or in privately negotiated transactions depending on market conditions. The timing of the repurchases will depend on certain factors, including but not limited to stock price, the Company's liquidity requirements, and alternative uses of capital. Any repurchased shares will be treated as authorized but unissued shares. A press release containing this announcement is included as Exhibit 99.1.



Item 9.01 Financial Statements and Exhibits

(a) No financial statements of businesses acquired are required.

(b) No pro forma financial information is required.

(c) Not applicable.

(d) Exhibit No. Description
99.1 Press Release dated October 16, 2013

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