BOCH Bank of Commerce
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):
February 20, 2020
Bank of Commerce Holdings
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation)
(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
Name of each exchange on which registered
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
See Exhibit Index below.
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