Filing Analysis
SR Bancorp, Inc. announced a declaration of a cash quarterly dividend of $0.06 per share to be paid on July 15, 2026.
📋 Key Facts
- Dividend amount: $0.06 per share
- Record date: June 30, 2026
- Payment date: July 15, 2026
- Announcement date: June 18, 2026
SR Bancorp, Inc. announced the authorization of its third stock repurchase program to buy back up to 10% of its outstanding common stock (801,320 shares). The new program will commence upon the completion of the company's ongoing second stock repurchase program.
📋 Key Facts
- On May 21, 2026, the Company authorized its third stock repurchase program.
- The program allows for the repurchase of up to 10% of outstanding common stock, which equates to 801,320 shares.
- The program is scheduled to initiate immediately upon the completion of the Company's second stock repurchase program.
SR Bancorp, Inc. (SRBK) filed an 8-K on April 28, 2026, to report financial results for the quarter and nine months ended March 31, 2026. The results were disclosed via a press release attached as Exhibit 99.1.
📋 Key Facts
- Financial results reported for the period ended March 31, 2026
- SR Bancorp is the holding company for Somerset Regal Bank
- The filing was made under Item 2.02 (Results of Operations and Financial Condition)
- The company is classified as an emerging growth company
- Press release dated April 28, 2026, is included as Exhibit 99.1
SR Bancorp, Inc. entered into amended and restated employment agreements with three key executives: William Taylor, Christopher Pribula (CEO), and David Orbach. The agreements update executive titles and establish base salaries, bonus structures, and significant severance provisions, particularly in the event of a change in control.
🚩 Red Flags
- Generous 3x severance multiples for change-in-control scenarios (golden parachutes) which can increase acquisition costs.
- Automatic 'evergreen' renewal clauses for the CEO and Mr. Orbach, which can make it more difficult to terminate without triggering severance.
📋 Key Facts
- Christopher Pribula (President and CEO) base salary set at $490,000 with a 23% target bonus and a three-year auto-renewing term.
- David Orbach base salary set at $410,000 with a 20% target bonus and a three-year auto-renewing term.
- William Taylor base salary set at $260,000 with a 25% target bonus and a one-year term.
- Severance for termination without cause or for 'good reason' is the greater of remaining contract value or 2x the sum of base salary and average bonus.
- Change in control (CIC) severance is 3x the sum of base salary and average bonus, plus 36 months of health care premiums.
- All three executives receive a $750 monthly automobile allowance.
SR Bancorp, Inc. announced a quarterly cash dividend of $0.05 per share on March 19, 2026. The dividend is scheduled for payment on April 15, 2026, to shareholders of record as of March 31, 2026.
📋 Key Facts
- Declared a cash quarterly dividend of $0.05 per share.
- Record date for the dividend is March 31, 2026.
- Payment date for the dividend is April 15, 2026.
- The announcement was made via a press release on March 19, 2026.