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BOCH Bank of Commerce

Filed: 21 Feb 20, 4:00pm

 

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):
February 20, 2020

 

Bank of Commerce Holdings

(Exact name of registrant as specified in its charter)

 

California

(State or other jurisdiction of incorporation)

 

   000-25135

 

94-2823865

 
 

(Commission File Number)

 

IRS Employer Identification No.

 

 

555 Capitol Mall, Suite 1255
Sacramento, California 95814
(Address of principal executive offices) (zip code)

 

Registrant's telephone number, including area code: (800) 421-2575

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2 below):

 

☐ 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))

 

Securities registered pursuant to Section 12(b) of the Exchange Act:

 

Title of each Class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock

BOCH

Nasdaq

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

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 – Other Events

 

On February 21, 2020, Bank of Commerce Holdings (the “Company”) issued a press release announcing that its board of directors (the “Board”) has authorized an amendment to its previously reported stock repurchase program, increasing the number of shares that may be repurchased from 1,000,000 to 1,500,000 shares of common stock, and extending the program by one year to March 31, 2021. Purchases will be made in the open market, including in block trades, or privately negotiated transactions. The timing and volume of purchases will be in the discretion of the Company’s management.

 

The press release issued by the Company announcing the share repurchase program amendment is furnished hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01 – Financial Statements and Exhibits

 

(d) Exhibits:

 

See Exhibit Index below.

 

EXHIBIT INDEX

 

Exhibit Description

99.1

 

Press Release dated February 21, 2020 announcing share repurchase program amendment

 

2

 

SIGNATURES

 

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.

 

February 21, 2020

 

 

/s/ James A. Sundquist

 

By: James A. Sundquist

 

Executive Vice President – Chief Financial Officer

 

3