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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 29, 2026

 

 

BUSINESS FIRST BANCSHARES, INC.

(Exact name of registrant as specified in its charter)
 

 

 

 

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 Exchange Act:

 

 

 

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 ☐ 

 

 

 

The Board of Directors of Business First Bancshares, Inc. (“Business First”) approved a stock repurchase program to be effective October 29, 2026, which authorizes Business First to repurchase shares of its common stock with an aggregate purchase price of up to $30,000,000 from time to time, subject to certain limitations and conditions. The stock repurchase program is effective immediately and will continue until October 28, 2028. The stock repurchase program does not obligate Business First to repurchase any shares of its common stock, and there is no assurance that Business First will do so.

 

Business First’s previously announced stock repurchase program, which became effective on October 28, 2025, authorized the repurchase of shares of Business First’s common stock having an aggregate purchase price of up to $30.0 million. As of October 29, 2026, approximately $12.4 million remained available for repurchases under the prior program. The new stock repurchase program is intended to replace the prior program, and no further repurchases will be made under the prior program.

 

Repurchases under the program may be effected through one or more plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, open market purchases, privately negotiated transactions, or otherwise in a manner that is intended to comply with applicable federal securities laws. Any open market repurchases will be conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements. The number, price and timing of the repurchases, if any, will be at the sole discretion of Business First’s management and will depend on a number of factors, including compliance with applicable laws and regulations, general market and economic conditions, the financial and regulatory condition of Business First and b1BANK, Business First’s liquidity needs, and other factors. The Board may modify the program from time to time, including by increasing or decreasing the amount authorized, terminating or renewing the program, or changing the program’s end date.

 

 

(d) Exhibits

 

 

 

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.

 

Dated: October 29, 2026