Item 8.01. Other Events.
On December 20, 2022, the Board of Directors of HBT Financial, Inc. (the
"Company") approved a new stock repurchase program (the "Program") that takes
effect upon the expiration of the Company's current stock repurchase program on
January 1, 2023. The Company will not execute additional repurchases under the
current program after January 1, 2023. The new Program authorizes the Company to
repurchase up to $15 million of its common stock.
Stock repurchases under the Program may be made from time to time on the open
market, in privately negotiated transactions, or in any other manner that
complies with the applicable securities law (including pursuant to the safe
harbor provided under Rule 10b-18 of the Securities Act of 1934, as amended), at
the discretion of the management of the Company. The Program will be in effect
until January 1, 2024 with the timing of purchases and number of shares
repurchased under the Program dependent upon a variety of factors including
price, trading volume, corporate and regulatory requirements, and market
conditions. The Company is not obligated to purchase any shares under the
Program, and the Program may be suspended or discontinued at any time without
notice.
A copy of the press release announcing the Program is attached as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
Exhibit Number Description of Exhibit
99.1 Press Release dated December 21, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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