Form 8-K - Current report

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

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FORM 8-K

 

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CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): July 26, 2024 (July 26, 2024)

 

Tectonic Financial, Inc.
(Exact name of registrant as specified in its charter)

 

Texas (State or other jurisdiction of incorporation)

001-38910 (Commission File Number)

82-0764846 (IRS Employer Identification No.)

 

16200 Dallas Parkway, Suite 190

Dallas, Texas 75248

(Address of principal executive offices) (Zip Code)

 

[phone]

(Registrant’s telephone number, including area code)

 

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:

 

☐	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
Series B preferred stock, par value $0.01 per share	TECTP	The 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.         ☑

 

 

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Item 8.01         Other Events.

 

On July 26, 2024, the Board of Directors of Tectonic Financial, Inc. (the “Company”) declared a quarterly cash dividend of $0.3144353 per share on the Company’s outstanding shares of 9.00% Fixed-to-Floating Rate Series B Noncumulative Perpetual Preferred Stock. The dividend is for the period from, and including, May 15, 2024 to, but excluding, August 15, 2024, and is payable on August 15, 2024 to shareholders of record as of the close of business on August 5, 2024.

 

On July 26, 2024, the Board of Directors of the Company declared a cash dividend of $0.10 per share on the Company’s outstanding shares of common stock. The dividend is payable on August 15, 2024 to shareholders of record as of the close of business on August 5, 2024.

 

 

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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.

 

Date: July 26, 2024                                        TECTONIC FINANCIAL, INC.

 

By:          /s/ Ken Bramlage                                             

Name:          Ken Bramlage

Title:            Executive Vice President and Chief Financial Officer

 

 

 

 

 

 

Document And Entity Information	Jul. 26, 2024
Document Information Line Items
Entity Registrant Name	Tectonic Financial, Inc.
Trading Symbol	TECTP
Document Type	8-K
Amendment Flag	false
Entity Central Index Key	0001766526
Document Period End Date	Jul. 26, 2024
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Incorporation, State or Country Code	TX
Entity File Number	001-38910
Entity Tax Identification Number	82-0764846
Entity Address, Address Line One	16200 Dallas Parkway, Suite 190
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75248
City Area Code	(972)
Local Phone Number	720-9000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Series B preferred stock, par value $0.01 per share
Security Exchange Name	NASDAQ

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