Item 8.01 Other Events.
On March 20, 2023, Gladstone Commercial Corporation (the "Company") announced
that its Board of Directors authorized a share repurchase program for up to
$50,000,000 of the Company's common stock. The authorization expires March 20,
2024 and the repurchase program may be suspended or discontinued at any time and
does not obligate the Company to acquire any particular amount of stock. Under
the repurchase program, repurchases are intended to be implemented through open
market transactions on U.S. exchanges or in privately negotiated transactions,
in accordance with applicable securities laws, and any market purchases will be
made during applicable trading window periods or pursuant to any applicable Rule
10b5-1 trading plans. The timing, prices, and sizes of repurchases will depend
upon prevailing market prices, general economic and market conditions and other
considerations. A copy of the Company's press release announcing the repurchase
program is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein
by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No. Description
99.1 Press Release dated March 20, 2023
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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