Lakeland Financial Corporation
03/06/2026 | Press release | Distributed by Public on 03/06/2026 12:19
Material Event (Form 8-K)
Item 8.01. Other Events
On March 5, 2026, the board of directors of Lakeland Financial Corporation ("Company") amended the existing share repurchase program to increase the aggregate amount of the Company's common stock that the Company is authorized to repurchase, from $30 million to $60 million. Under the amended repurchase program, the Company is authorized to repurchase, from time to time as the Company deems appropriate until the program's expiration on April 30, 2027, shares of the Company's common stock with an aggregate purchase price of up to $60 million. Repurchases may be made in the open market, through block trades or otherwise, and in privately negotiated transactions. As of March 5, 2026, the amended repurchase program has remaining aggregate purchase price authority of approximately $34 million. The amended repurchase program does not obligate the Company to repurchase any dollar amount or number of shares, and the program may be extended, modified, suspended or discontinued at any time.
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