Washington Trust Bancorp Inc 8-K, filed Dec 28, 2023
Washington Trust Bancorp Inc (WASH)
8-K
2023-12-28
For: 2023-12-28
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Added on
April 04, 2026
About this 8-K
Washington Trust Bancorp Inc filed this 8-K on December 28, 2023.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
| UNITED STATES | ||
| SECURITIES AND EXCHANGE COMMISSION | ||
| Washington, D.C. 20549 | ||
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 28, 2023
(Exact Name of Registrant as Specified in Charter)
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| N/A | ||
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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:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
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| period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the | |||||
| Exchange Act. | ☐ | ||||
Item 8.01 Other Events.
The Board of Directors of Washington Trust Bancorp, Inc. ("Corporation") has adopted a stock repurchase program ("2024 Repurchase Program"), which authorizes the repurchase up to 850,000 shares of the Corporation’s common stock, $0.0625 par value per share ("Common Stock"), or approximately 5% of its current outstanding shares of Common Stock. This authority may be exercised from time to time and in such amounts as market conditions warrant, and subject to regulatory considerations. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions, and other corporate liquidity requirements and priorities. The 2024 Repurchase Program will commence on January 1, 2024 and expire on December 31, 2024 and may be modified, suspended, or discontinued at any time. The Corporation had approximately 17.0 million shares of Common Stock outstanding as of December 26, 2023.
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits. | |||||||||||||
| Exhibit No. | Exhibit | |||||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| WASHINGTON TRUST BANCORP, INC. | ||||||||||||||
| Date: | December 28, 2023 | By: | /s/ Ronald S. Ohsberg | |||||||||||
| Ronald S. Ohsberg | ||||||||||||||
| Senior Executive Vice President, Chief Financial Officer and Treasurer | ||||||||||||||