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): January 30, 2004
NORTHEAST BANCORP
(Exact Name of Registrant as Specified in its Charter)
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Maine |
1-14588 |
01-0425066 |
|
(State or Other Jurisdiction Incorporation) |
(Commission File Number) |
(IRS Employer Identification Number) |
|
158 Court Street, Auburn, Maine |
04210 |
|
(Address of Principal Executive Offices) |
(Zip Code) |
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Registrant's telephone number, including area code: |
(207) 777-6411 |
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Item 5. |
Other Events. |
On January 16, 2004, the Board of Directors of Northeast Bancorp approved a new plan (the "2004 Stock Repurchase Plan") to repurchase up to 200,000 shares of its common stock, $1.00 par value per share. The Northeast Bancorp 1999 stock repurchase plan was discontinued in October 2003 in connection the Board of Directors' approval of a temporary repurchase plan pursuant to which approximately 69,000 shares of the Company's common stock were repurchased for an aggregate cost of $1,172,000. The temporary repurchase plan was discontinued upon the commencement of the 2004 Stock Repurchase Plan on January 16, 2004. Under the 2004 Stock Repurchase Plan, Northeast Bancorp may purchase shares of its common stock from time to time in the open market at prevailing prices. The 2004 Stock Repurchase Plan will terminate no later than December 31, 2004. Shares repurchased under the 2004 Stock Repurchase Plan will become authorized but unissued shares available for future issuance as determined buy the Board of Directors from time to time. The press release describing the revised common stock repurchase plan is attached hereto as Exhibit 99.1.
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Item 7. |
Financial Statements and Exhibits. |
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(a) |
Not Applicable |
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(b) |
Not Applicable |
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(c) |
Exhibits required by Item 601 of Regulation S-K |
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Exhibit No. |
Description |
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99.1 |
Press Release, issued January 30, 2004, regarding the 2004 Stock Repurchase Plan. |
SIGNATURE
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.
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NORTHEAST BANCORP |
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Date: January 30, 2004 |
By: |
/s/ James D. Delamater |
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James D. Delamater |
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|
President and Chief Executive Officer |
EXHIBIT INDEX
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Exhibit No. |
Description |
|
99.1 |
Press Release, issued January 30, 2004, regarding the 2004 Stock Repurchase Plan. |