Item 8.01. Other Events.
On January 27, 2021, the Board of Directors of CF Bankshares Inc. (the "Company)
authorized a new stock repurchase program pursuant to which the Company may
repurchase up to 250,000 of the Company's outstanding common stock on or before
February 27, 2022. Under the stock repurchase program, the Company may purchase
shares of its common stock from time to time through various means, including
open market transactions and privately negotiated transactions. Open market
repurchases will be made in accordance with applicable securities laws and
regulations, including Rule 10b-18 under the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), and may be effected pursuant to Rule 10b5-1 under
the Exchange Act. The manner, timing and amount of any stock repurchases will be
determined by the Company's management in its discretion based on its evaluation
of various factors, including the trading price of the Company's common stock,
market and economic conditions, regulatory requirements and other corporate
considerations. The repurchase program may be suspended or discontinued at any
time.
A copy of the press release issued by the Company on January 28, 2021,
announcing the new stock repurchase program is included as Exhibit 99.1 to this
Current Report on Form 8-K and incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) Not applicable
(d) Exhibits
99.1 Press Release issued by the Company on January 28, 2021, announcing
stock repurchase program .
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