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): April 18, 2018
PB Bancorp, Inc.
(Exact name of registrant as specified in its charter)
| Maryland | 001-37676 | 47-5150586 | ||
|
(State or Other Jurisdiction of Incorporation)
|
(Commission File No.) |
(I.R.S. Employer Identification No.)
| ||
| 40 Main Street, Putnam, Connecticut | 06260 | |||
| (Address of Principal Executive Offices) | (Zip Code) | |||
(860) 928-6501
(Registrant’s telephone number, including area code)
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 (see General Instruction A.2. below):
| ¨ | 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 CRF 240.13e-4(c)) |
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. |
On April 18, 2018, the Board of Directors of PB Bancorp, Inc. (the “Company”) declared a quarterly cash dividend on the Company’s common stock of $0.06 per share. The dividend will be payable to stockholders of record as of May 2, 2018 and will be paid on May 16, 2018.
A copy of the press release dated April 19, 2018, announcing the dividend is attached as Exhibit 99.1 to this report.
| Item 9.01. | Financial Statements and Exhibits |
| (a) | Not applicable. |
| (b) | Not applicable. |
| (c) | Not applicable. |
| (d) | Exhibits: |
| Exhibit No. | Exhibit Description |
| 99.1 | Press release dated April 19, 2018. |
SIGNATURE
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, hereunto duly authorized.
| PB Bancorp, Inc. | ||
| Dated: April 19, 2018 | By: | /s/ Thomas A. Borner |
| Thomas A. Borner | ||
| President and Chief Executive Officer | ||
Exhibit 99.1
PB Bancorp, Inc.
News Release
April 19, 2018
FOR IMMEDIATE RELEASE
Contact: Thomas A. Borner, President and CEO, PB Bancorp, Inc.
Telephone: (860) 928-6501
PB BANCORP, INC. ANNOUNCES INCREASE IN
DIVIDEND
PUTNAM, CT – April 18, 2018 – Thomas A. Borner, President and CEO of PB Bancorp, Inc., has announced that the Company’s Board of Directors has declared a quarterly cash dividend on the Company’s common stock of $0.06 per share. The dividend will be payable to all stockholders of record as of May 2, 2018, and is scheduled to be paid on May 16, 2018.
"We are pleased to announce this latest dividend payment for the Holding Company which represents an increase over the previous dividend paid" said Mr. Borner. “We believe that providing a return to our stockholders is an important part of being a community bank. We look forward to continuing to build our brand of community banking, a journey we embarked upon 155 years ago, and serving our mission of enhancing the quality of life in the communities we serve”.
PB Bancorp, Inc., headquartered in Putnam, Connecticut, is the parent of Putnam Bank, a state chartered stock savings bank founded in 1862. The Bank offers a wide range of financial services through its eight full-service offices. Putnam Bank also operates a full-service loan center in Putnam, Connecticut. The Bank's deposits are insured by the Federal Deposit Insurance Corporation. PB Bancorp, Inc.’s common stock trades on the NASDAQ Capital Market under the symbol PBBI.
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