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[8-K] Blue Foundry Bancorp Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Blue Foundry Bancorp (BLFY) filed a Form 8-K dated June 23, 2025 announcing its sixth share-repurchase program.

The Board has authorized the Company to buy back up to 1,082,533 common shares, representing approximately 5 % of shares outstanding. The program began on June 20, 2025 and carries no stated expiration.

Repurchases may be executed on the open market, through private or block transactions, or via Rule 10b5-1 trading plans. Management retains full discretion to suspend, modify or terminate the program at any time, citing factors such as market conditions, pricing, liquidity and alternative capital uses.

No financial statements were required, and the Company did not commit to repurchasing a specific number of shares within a set timeframe. Exhibit 99.1 contains the corresponding press release, which is incorporated by reference.

Blue Foundry Bancorp (BLFY) ha presentato un modulo 8-K datato 23 giugno 2025, annunciando il suo sesto programma di riacquisto di azioni.

Il Consiglio ha autorizzato la Società a riacquistare fino a 1.082.533 azioni ordinarie, pari a circa il 5% delle azioni in circolazione. Il programma è iniziato il 20 giugno 2025 e non ha una scadenza prestabilita.

I riacquisti possono essere effettuati sul mercato aperto, tramite transazioni private o blocchi, oppure tramite piani di trading secondo la Regola 10b5-1. La direzione mantiene piena discrezionalità nel sospendere, modificare o terminare il programma in qualsiasi momento, considerando fattori come le condizioni di mercato, i prezzi, la liquidità e l’uso alternativo del capitale.

Non sono stati richiesti bilanci finanziari e la Società non si è impegnata a riacquistare un numero specifico di azioni entro un periodo definito. L�Allegato 99.1 contiene il comunicato stampa corrispondente, incorporato per riferimento.

Blue Foundry Bancorp (BLFY) presentó un Formulario 8-K con fecha 23 de junio de 2025, anunciando su sexto programa de recompra de acciones.

La Junta ha autorizado a la Compañía a recomprar hasta 1,082,533 acciones ordinarias, que representan aproximadamente el 5% de las acciones en circulación. El programa comenzó el 20 de junio de 2025 y no tiene una fecha de finalización establecida.

Las recompras pueden ejecutarse en el mercado abierto, mediante transacciones privadas o en bloque, o a través de planes de negociación conforme a la Regla 10b5-1. La gerencia mantiene plena discreción para suspender, modificar o terminar el programa en cualquier momento, considerando factores como las condiciones del mercado, precios, liquidez y usos alternativos del capital.

No se requirieron estados financieros y la Compañía no se comprometió a recomprar un número específico de acciones en un plazo determinado. El Anexo 99.1 contiene el comunicado de prensa correspondiente, incorporado por referencia.

Blue Foundry Bancorp (BLFY)� 2025� 6� 23일자 Form 8-K� 제출하며 여섯 번째 자사� 매입 프로그램� 발표했습니다.

이사회는 회사가 최대 1,082,533� 보통�� 매입� � 있도� 승인했으�, 이는 발행 주식� � 5%� 해당합니�. 프로그램은 2025� 6� 20일에 시작되었으며, 명시� 만료일이 없습니다.

매입은 공개 시장, 사적 거래 또는 블록 거래, 혹은 Rule 10b5-1 거래 계획� 통해 실행� � 있습니다. 경영진은 시장 상황, 가�, 유동�, 대� 자본 사용 등을 고려하여 언제든지 프로그램� 중단, 수정 또는 종료� � 있는 전권� 보유합니�.

재무제표 제출은 요구되지 않았으며, 회사� 특정 기간 내에 정해� 수량� 주식� 매입� 의무� 지지 않습니다. 부� 99.1에는 관� 보도자료가 포함되어 있으� 참조용으� 통합되어 있습니다.

Blue Foundry Bancorp (BLFY) a déposé un formulaire 8-K daté du 23 juin 2025 annonçant son sixième programme de rachat d’actions.

Le conseil d’administration a autorisé la société à racheter jusqu’� 1 082 533 actions ordinaires, représentant environ 5 % des actions en circulation. Le programme a commencé le 20 juin 2025 et ne comporte pas de date d’expiration définie.

Les rachats peuvent être effectués sur le marché ouvert, par des transactions privées ou en bloc, ou via des plans de négociation conformes à la règle 10b5-1. La direction conserve la pleine discrétion pour suspendre, modifier ou mettre fin au programme à tout moment, en tenant compte de facteurs tels que les conditions du marché, les prix, la liquidité et les usages alternatifs du capital.

Aucun état financier n’était requis, et la société ne s’est pas engagée à racheter un nombre spécifique d’actions dans un délai déterminé. L�exposé 99.1 contient le communiqué de presse correspondant, incorporé par référence.

Blue Foundry Bancorp (BLFY) reichte am 23. Juni 2025 ein Formular 8-K ein und kündigte damit sein sechstes Aktienrückkaufprogramm an.

Der Vorstand hat das Unternehmen autorisiert, bis zu 1.082.533 Stammaktien zurückzukaufen, was etwa 5 % der ausstehenden Aktien entspricht. Das Programm begann am 20. Juni 2025 und hat kein festgelegtes Ablaufdatum.

Die Rückkäufe können am offenen Markt, durch private oder Blocktransaktionen oder über Rule-10b5-1-Handelspläne ausgeführt werden. Das Management behält sich das volle Ermessen vor, das Programm jederzeit zu aussetzen, ändern oder beenden, wobei Faktoren wie Marktbedingungen, Preise, Liquidität und alternative Kapitalverwendungen berücksichtigt werden.

Es waren keine Finanzberichte erforderlich, und das Unternehmen hat sich nicht verpflichtet, eine bestimmte Anzahl von Aktien innerhalb eines festgelegten Zeitraums zurückzukaufen. Anlage 99.1 enthält die entsprechende Pressemitteilung, die hiermit durch Verweis aufgenommen wird.

Positive
  • Authorization to repurchase up to 1,082,533 shares, or ~5 % of outstanding common stock, potentially supporting share value if executed
  • No expiration date grants management ongoing flexibility to return capital when market conditions are favorable
Negative
  • Absent cost limits and funding details raise uncertainty about potential effect on liquidity and alternative capital needs

Insights

TL;DR BLFY authorizes 1.08 M-share buyback (~5 %), flexible execution, no expiry—supportive for per-share metrics if completed.

Detail: The sixth authorization expands cumulative buyback capacity, covering roughly one-twentieth of the float. An open-ended structure and multiple execution channels provide management tactical flexibility. While the filing lacks dollar limits or funding sources, repurchases of this magnitude can incrementally raise EPS and signal confidence. Investors should monitor weekly Rule 10b-18 data to gauge actual uptake.

TL;DR Flexible buyback aids capital return but could tighten liquidity; overall moderate impact.

The filing does not disclose cost ceilings or capital allocation priorities, leaving uncertainty about cash usage versus growth investments. Management’s option to halt the program mitigates downside, yet the lack of an expiry date requires ongoing monitoring of capital ratios and regulatory capital thresholds.

Blue Foundry Bancorp (BLFY) ha presentato un modulo 8-K datato 23 giugno 2025, annunciando il suo sesto programma di riacquisto di azioni.

Il Consiglio ha autorizzato la Società a riacquistare fino a 1.082.533 azioni ordinarie, pari a circa il 5% delle azioni in circolazione. Il programma è iniziato il 20 giugno 2025 e non ha una scadenza prestabilita.

I riacquisti possono essere effettuati sul mercato aperto, tramite transazioni private o blocchi, oppure tramite piani di trading secondo la Regola 10b5-1. La direzione mantiene piena discrezionalità nel sospendere, modificare o terminare il programma in qualsiasi momento, considerando fattori come le condizioni di mercato, i prezzi, la liquidità e l’uso alternativo del capitale.

Non sono stati richiesti bilanci finanziari e la Società non si è impegnata a riacquistare un numero specifico di azioni entro un periodo definito. L�Allegato 99.1 contiene il comunicato stampa corrispondente, incorporato per riferimento.

Blue Foundry Bancorp (BLFY) presentó un Formulario 8-K con fecha 23 de junio de 2025, anunciando su sexto programa de recompra de acciones.

La Junta ha autorizado a la Compañía a recomprar hasta 1,082,533 acciones ordinarias, que representan aproximadamente el 5% de las acciones en circulación. El programa comenzó el 20 de junio de 2025 y no tiene una fecha de finalización establecida.

Las recompras pueden ejecutarse en el mercado abierto, mediante transacciones privadas o en bloque, o a través de planes de negociación conforme a la Regla 10b5-1. La gerencia mantiene plena discreción para suspender, modificar o terminar el programa en cualquier momento, considerando factores como las condiciones del mercado, precios, liquidez y usos alternativos del capital.

No se requirieron estados financieros y la Compañía no se comprometió a recomprar un número específico de acciones en un plazo determinado. El Anexo 99.1 contiene el comunicado de prensa correspondiente, incorporado por referencia.

Blue Foundry Bancorp (BLFY)� 2025� 6� 23일자 Form 8-K� 제출하며 여섯 번째 자사� 매입 프로그램� 발표했습니다.

이사회는 회사가 최대 1,082,533� 보통�� 매입� � 있도� 승인했으�, 이는 발행 주식� � 5%� 해당합니�. 프로그램은 2025� 6� 20일에 시작되었으며, 명시� 만료일이 없습니다.

매입은 공개 시장, 사적 거래 또는 블록 거래, 혹은 Rule 10b5-1 거래 계획� 통해 실행� � 있습니다. 경영진은 시장 상황, 가�, 유동�, 대� 자본 사용 등을 고려하여 언제든지 프로그램� 중단, 수정 또는 종료� � 있는 전권� 보유합니�.

재무제표 제출은 요구되지 않았으며, 회사� 특정 기간 내에 정해� 수량� 주식� 매입� 의무� 지지 않습니다. 부� 99.1에는 관� 보도자료가 포함되어 있으� 참조용으� 통합되어 있습니다.

Blue Foundry Bancorp (BLFY) a déposé un formulaire 8-K daté du 23 juin 2025 annonçant son sixième programme de rachat d’actions.

Le conseil d’administration a autorisé la société à racheter jusqu’� 1 082 533 actions ordinaires, représentant environ 5 % des actions en circulation. Le programme a commencé le 20 juin 2025 et ne comporte pas de date d’expiration définie.

Les rachats peuvent être effectués sur le marché ouvert, par des transactions privées ou en bloc, ou via des plans de négociation conformes à la règle 10b5-1. La direction conserve la pleine discrétion pour suspendre, modifier ou mettre fin au programme à tout moment, en tenant compte de facteurs tels que les conditions du marché, les prix, la liquidité et les usages alternatifs du capital.

Aucun état financier n’était requis, et la société ne s’est pas engagée à racheter un nombre spécifique d’actions dans un délai déterminé. L�exposé 99.1 contient le communiqué de presse correspondant, incorporé par référence.

Blue Foundry Bancorp (BLFY) reichte am 23. Juni 2025 ein Formular 8-K ein und kündigte damit sein sechstes Aktienrückkaufprogramm an.

Der Vorstand hat das Unternehmen autorisiert, bis zu 1.082.533 Stammaktien zurückzukaufen, was etwa 5 % der ausstehenden Aktien entspricht. Das Programm begann am 20. Juni 2025 und hat kein festgelegtes Ablaufdatum.

Die Rückkäufe können am offenen Markt, durch private oder Blocktransaktionen oder über Rule-10b5-1-Handelspläne ausgeführt werden. Das Management behält sich das volle Ermessen vor, das Programm jederzeit zu aussetzen, ändern oder beenden, wobei Faktoren wie Marktbedingungen, Preise, Liquidität und alternative Kapitalverwendungen berücksichtigt werden.

Es waren keine Finanzberichte erforderlich, und das Unternehmen hat sich nicht verpflichtet, eine bestimmte Anzahl von Aktien innerhalb eines festgelegten Zeitraums zurückzukaufen. Anlage 99.1 enthält die entsprechende Pressemitteilung, die hiermit durch Verweis aufgenommen wird.

0001846017false00018460172025-06-182025-06-18

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): June 18, 2025

BLUE FOUNDRY BANCORP
(Exact Name of Registrant as Specified in its Charter)

Delaware001-4061986-2831373
(State or Other Jurisdiction)(Commission File No.)(I.R.S. Employer
of Incorporation)Identification No.)
19 Park Avenue, Rutherford, New Jersey
07070
(Address of Principal Executive Offices)(Zip Code)

Registrant’s telephone number, including area code: (201) 939-5000

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

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 (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 Act:

Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Common Stock, $0.01 par valueBLFYThe NASDAQ Stock Market LLC

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 June 23, 2025, Blue Foundry Bancorp (the “Company”) issued a press release announcing the authorization and adoption of the Company's sixth repurchase program to repurchase up to 1,082,533 shares of its common stock, which is approximately 5% of its outstanding common stock. The program commenced on June 20, 2025.
Shares of Company common stock may be repurchased in open market or private transactions, through block trades, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. The new repurchase program has no expiration date.
The timing and amount of share repurchases under the new repurchase program may be suspended, terminated or modified by the Company at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The Company is not obligated to repurchase any particular number of shares or any shares in any specific time period.
A copy of the press release announcing the stock repurchase program is included as exhibit 99.1 to this report and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(a)    Financial Statements of Businesses Acquired. Not applicable.
(b)    Pro Forma Financial Information. Not applicable.
(c)    Shell Company Transactions. Not applicable.
(d)    Exhibits.
99.1
Press release issued by the Company on June 23, 2025 announcing the adoption of a new stock repurchase program
104Cover Page Interactive Data File (embedded within the inline XBRL document)



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.


Blue Foundry Bancorp
DATE: June 23, 2025By:/s/ James D. Nesci
James D. Nesci
President and Chief Executive Officer

FAQ

How many Blue Foundry Bancorp (BLFY) shares can be repurchased under the new program?

Up to 1,082,533 common shares, roughly 5 % of the shares outstanding.

When did Blue Foundry’s sixth share repurchase program start?

The program commenced on June 20, 2025.

Does the BLFY buyback program have an expiration date?

No. The Company stated that the program has no expiration date.

How may Blue Foundry execute the share repurchases?

Repurchases may occur in open-market, private or block trades, or via Rule 10b5-1 trading plans.

Can Blue Foundry suspend or change the repurchase plan?

Yes. Management can suspend, terminate or modify the program at any time based on market or liquidity considerations.
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BLFY Stock Data

191.58M
18.54M
14.43%
52.7%
1.78%
Banks - Regional
Savings Institutions, Not Federally Chartered
United States
RUTHERFORD