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POAGE BANKSHARES, INC. FILES (8-K) Disclosing Other Events

May 30, 2014

Item 8.01 Other Events



On May 30, 2014, the Board of Directors of Poage Bankshares, Inc. (the "Company") authorized a stock repurchase program pursuant to which the Company intends to purchase up to 195,244 of its issued and outstanding shares of common stock, which represents approximately 5.0% of the Company's issued and outstanding shares. The repurchase program will commence on or about June 2, 2014. The timing of the purchases will depend on certain factors, including but not limited to, market conditions and prices, available funds and alternative uses of capital. The stock repurchase program may be carried out through open-market purchases, block trades, negotiated private transactions and pursuant to a trading plan that will be adopted in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934. Any repurchased shares will be treated by the Company as authorized but unissued shares.


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Source: Edgar Glimpses


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