UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): March 13, 2025

 

Peoples Bancorp of North Carolina, Inc.

(Exact Name of Registrant as Specified in Its Charter)

 

North Carolina

(State or Other Jurisdiction of Incorporation) 

 

000-27205

 

56-2132396

(Commission File No.)

 

(IRS Employer Identification No.)

 

 

518 West C Street, Newton, North Carolina

 

28658

(Address of Principal Executive Offices)

 

(Zip Code)

 

(828) 464-5620

(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))

 

 

 

 

Peoples Bancorp of North Carolina, Inc.

 

INDEX

 

 

Page

 

Item 8.01 – Other Events

 

3

 

 

 

Item 9.01 – Financial Statements and Exhibits

 

3

 

 

 

Signatures

 

4

 

 

 

Exhibit (99)(a) Press Release dated March 13, 2025

 

 

 

 

 

2

 

 

Item 8.01. Other Events

 

On March 13, 2025, Peoples Bancorp of North Carolina, Inc. issued a press release announcing a Stock Repurchase Plan authorizing the repurchase of outstanding shares totaling up to $3,000,000.

 

A copy of the press release is attached hereto as Exhibit (99)(a) and is incorporated by reference herein.

 

Item 9.01. Financial Statements and Exhibits

 

(d) Exhibits

 

 

(99)(a)

Press Release dated March 13, 2025

 

Disclosure about forward-looking statements

 

Statements made in this Form 8-K, other than those concerning historical information, should be considered forward-looking statements pursuant to the safe harbor provisions of the Securities Exchange Act of 1934 and the Private Securities Litigation Act of 1995.  These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of management and on the information available to management at the time that this report was prepared.  These statements can be identified by the use of words like “expect,” “anticipate,” “estimate,” and “believe,” variations of these words and other similar expressions.  Readers should not place undue reliance on forward-looking statements as a number of important factors could cause actual results to differ materially from those in the forward-looking statements.  Factors that might cause such a difference include, but are not limited to, changes in interest rate environment, management’s business strategy, national, regional, and local market conditions and legislative and regulatory conditions.

 

The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.  Readers should also carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission.

 

 

3

 

 

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. 

  

 

 

PEOPLES BANCORP OF NORTH CAROLINA, INC.

 

 

 

 

Date: March 13, 2025

By:

/s/ Jeffrey N. Hooper

 

 

Jeffrey N. Hooper

 

 

Executive Vice President and Chief Financial Officer

 

 

 

4

 

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Mar. 13, 2025
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Entity Registrant Name Peoples Bancorp of North Carolina, Inc.
Entity Central Index Key 0001093672
Document Type 8-K
Amendment Flag false
Entity Emerging Growth Company false
Document Period End Date Mar. 13, 2025
Entity File Number 000-27205
Entity Incorporation State Country Code NC
Entity Tax Identification Number 56-2132396
Entity Address Address Line 1 518 West C Street
Entity Address City Or Town Newton
Entity Address State Or Province NC
Entity Address Postal Zip Code 28658
City Area Code 828
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Local Phone Number 464-5620
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