# EDGAR Filing Document

**Accession Number:** 0001541119
**File Stem:** 0001541119-23-000005
**Filing Date:** 2023-1
**Character Count:** 9800
**Document Hash:** 971348a4022ec68fb2326953ea30c158
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001541119-23-000005.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001541119-23-000005

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230127

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230127

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sound Financial Bancorp, Inc.
- **CENTRAL INDEX KEY:** 0001541119
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
- **IRS NUMBER:** 455188530
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35633
- **FILM NUMBER:** 23564856

**BUSINESS ADDRESS:**
- **STREET 1:** 2400 3RD AVENUE
- **STREET 2:** SUITE 150
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98121
- **BUSINESS PHONE:** 206-448-0884

**MAIL ADDRESS:**
- **STREET 1:** 2400 3RD AVENUE
- **STREET 2:** SUITE 150
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98121

?xml version="1.0" ? sfbc-20230127

**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) January 27, 2023

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| |
|:---|
| **SOUND FINANCIAL BANCORP, INC.** |
| (Exact name of registrant as specified in its charter) |

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| | | |
|:---|:---|:---|
| **Maryland** | **001-35633** | **45-5188530** |
| (State or other jurisdiction of incorporation) | (Commission File No.) | (IRS Employer Identification No.) |

---

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| | |
|:---|:---|
| **2400 3rd Avenue, Suite 150, Seattle, Washington** | **98121** |
| (Address of principal executive offices) | (Zip Code) |

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| |
|:---|
| Registrant's telephone number, including area code: **<u>(</u>**206**<u>)</u>** 448-0884 |
| (Former name or former address, if changed since last report) |

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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))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **<u>Title of each class</u>** | **<u>Trading Symbol(s)</u>** | **<u>Name of each exchange on which registered</u>** |
| Common Stock, $0.01 par value | SFBC | The NASDAQ Stock Market LLC |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

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

☐

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**ITEM 8.01.&nbsp;&nbsp;&nbsp;&nbsp;<u>Other Events.</u>**

On January 27, 2023, the Board of Directors (the "Board") of Sound Financial Bancorp, Inc. (the "Company") extended the Company's current stock repurchase program, scheduled to expire on January 31, 2023, to July 31, 2023. Since the program's inception, the Company has repurchased 49,700 shares of common stock at an aggregate cost of $1.9 million, leaving approximately $2.1 million available for future stock repurchases.

Under the plan, the Company may purchase common stock from time to time in the open market, based on prevailing market prices, or in privately negotiated transactions, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The timing, number and price of shares repurchased under the stock repurchase program will depend on a number of factors, including the terms of any Rule 10b5-1 plan, general business and market conditions, and alternative investment opportunities. The repurchase program does not obligate the Company to acquire any specific number of shares in any period, and may be expanded, extended, modified or discontinued at any time. Information regarding share repurchases will be available in the Company's periodic reports on Form 10-Q and Form 10-K filed with the Securities and Exchange Commission as required by the applicable rules of the Exchange Act.

This report contains forward-looking information, as that term is defined under the Exchange Act, including information regarding purchases by the Company of its common stock pursuant to any Rule 10b5-1 trading plans or otherwise. By their nature, forward-looking information and statements are subject to risks, uncertainties, and contingencies, including changes in price and volume and the volatility of the Company's common stock; adverse developments affecting either or both of prices and trading of exchange-traded securities, including securities listed on the Nasdaq Stock Market; and unexpected or otherwise unplanned or alternative requirements with respect to the capital investments of the Company. The Company does not undertake to update any forward-looking statements or information, including those contained in this report.

A copy of the press release announcing the extension of the stock repurchase program is filed as Exhibit 99.1 to this report and incorporated herein by reference.

**ITEM 9.01.&nbsp;&nbsp;&nbsp;&nbsp;<u>Financial Statements and Exhibits.</u>**

(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits.

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| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Description</u> |
| <u>[99.1](ex991pressreleasebuybackja.htm)</u> | Press Release announcing extension of Stock Repurchase Program |
| 104 | Cover page interactive data file (embedded within the Inline XBRL document) |

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(Signature page follows)

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**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.

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| | | |
|:---|:---|:---|
| | **SOUND FINANCIAL BANCORP, INC.** | **SOUND FINANCIAL BANCORP, INC.** |
| Date: January 27, 2023 | By: | /s/ Laura Lee Stewart |
|  |  | Laura Lee Stewart |
|  |  | President and CEO |

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## Exhibit 99.1

Sound Financial Bancorp, Inc. Announces Increase and Extension of Stock

Repurchase Program

Company Release – 1/27/2023

SEATTLE, WA -- (GLOBE NEWSWIRE) -- Sound Financial Bancorp, Inc. (NASDAQ:SFBC) (the "Company"), the parent holding company of Sound Community Bank, today announced that its Board of Directors extended the Company's current stock repurchase program, scheduled to expire on January 31, 2023, to July 31, 2023. Since the program's inception, the Company has repurchased 49,700 shares of common stock at an aggregate cost of $1.9 million, leaving approximately $2.1 million available for future stock repurchases.

The timing, number and price of shares repurchased under the stock repurchase program will depend on a number of factors, including the terms of any Rule 10b5-1 trading plan adopted by the Company, general business and market conditions, and alternative investment opportunities. The repurchase program does not obligate the Company to acquire any specific number of shares in any period, and may be expanded, extended, modified or discontinued at any time.

**About the Company**

Sound Financial Bancorp, Inc., a bank holding company, is the parent company of Sound Community Bank, and is headquartered in Seattle, Washington with full-service branches in Seattle, Tacoma, Mountlake Terrace, Sequim, Port Angeles, Port Ludlow and University Place. Sound Community Bank is a Fannie Mae Approved Lender and Seller/Servicer with one Loan Production Office located in the Madison Park neighborhood of Seattle, Washington. For more information, please visit <u>www.soundcb.com</u>.

**Forward-Looking Statements**

*Certain statements in this press release are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those regarding the Company's potential repurchases of its common stock. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. These risks include significant changes in the price and availability of the Company's stock, general economic conditions, as well as those within our industry, and numerous other factors identified in the Company's latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other documents filed with or furnished to the Securities and Exchange Commission, which are available at <u>www.soundcb.com</u> and on the SEC's website at <u>www.sec.gov</u>.*

*The Company does not undertake - and specifically declines any obligation - to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.*

**For additional information contact:**

For additional information contact:

Laurie Stewart, President, CEO 206.436.1495

<br>