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, 2023 |
CAMBRIDGE BANCORP
(Exact name of Registrant as Specified in Its Charter)
Massachusetts | 001-38184 | 04-2777442 | ||
(State or Other Jurisdiction | (Commission File Number) | (IRS Employer | ||
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1336 Massachusetts Avenue |
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Cambridge, Massachusetts |
| 02138 | ||
(Address of Principal Executive Offices) |
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Registrant’s Telephone Number, Including Area Code: 617 876-5500 |
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(Former Name or Former Address, if Changed Since Last Report)
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:
Securities registered pursuant to Section 12(b) of the Act:
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| Trading |
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Common Stock |
| CATC |
| 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. ☐
Item 8.01 Other Events.
CAMBRIDGE, MA. (March 14, 2023) - Cambridge Bancorp (NASDAQ: CATC) (the “Company”), the parent of Cambridge Trust Company, today announced that the Company’s 2023 annual meeting of shareholders will be held on May 15, 2023 at 8:30 A.M. The annual meeting will be held at the Harvard Faculty Club which is located at 20 Quincy Street, Cambridge, MA 02138. The meeting will be preceded by breakfast at 8:00 A.M. At the meeting, only shareholders as of the close of business on March 13, 2023, the record date, are entitled to vote at the Annual Meeting and at any adjournments thereof. Additionally, on March 13, 2023, the Company’s board of directors authorized the renewal of its stock repurchase program to acquire up to 5.0% of the total number of shares outstanding of the Company’s common stock, with such purchases occurring prior to March 13, 2024. The timing and amount of any shares of the Company’s common stock repurchased will be determined by the Company’s management based on its evaluation of market conditions and other factors. The stock repurchase program may be suspended or discontinued at any time.
A copy of the press release is furnished as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
The exhibits required by this item are set forth on the Exhibit Index
Exhibit Index
Exhibit Number |
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99.1* |
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104 |
| Cover Page Interactive Data File (embedded within the Inline XBRL document) |
* Filed herewith.
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 thereunto duly authorized.
| CAMBRIDGE BANCORP | |
March 14, 2023 |
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| By | /s/ Michael F. Carotenuto |
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| Michael F. Carotenuto |
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| Executive Vice President, Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) |