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): October 20, 2020







BBX CAPITAL, INC.

(Exact name of registrant as specified in its charter)





 

 



 

 

Florida

000-56177

82-4669146

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation)

File Number)

Identification No.)





401 East Las Olas Boulevard, Suite 800, Fort Lauderdale, Florida

33301

(Address of principal executive offices)

(Zip Code)



Registrant’s telephone number, including area code: 954-940-4900





____________________________________________

(Former name or former address, if changed since last report.)



Securities registered pursuant to Section 12(b) of the Act: None

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 (see General Instruction A.2. below):

[ ] 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))



Indicate by check mark whether the registrant is an emerging growth company as defined in 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    [X]



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.[X]



 

 

 


 

Item 8.01 Other Events.

On October 20, 2020, the Board of Directors (the “Board”) of BBX Capital, Inc., a Florida corporation (the “Company”), authorized the repurchase of up to $10 million of shares of the Company’s  Class A and Class B common stock.  The timing, price, and number of shares repurchased will be based on market conditions, applicable securities laws, and other factors. The stock repurchases may be made from time to time through solicited or unsolicited transactions in the open market or in privately negotiated transactions. The stock repurchase authorization does not obligate the Company to repurchase any specific number of shares and may be suspended, modified, or terminated at any time without prior notice.  As of October 20, 2020, the Company had approximately 19,317,687 shares of common stock outstanding. A copy of the press release announcing the Board’s authorization of the stock repurchases is attached as Exhibit 99.1 hereto.

(d) Exhibits. 

Exhibit No. Description

99.1Press release dated October 20,  2020



1

 


 

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:  October 21, 2020

BBX Capital, Inc.



                                                  



By: /s/ Brett Sheppard       

     Brett Sheppard

     Chief Financial Officer