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) August 10, 2012
Wayne Savings Bancshares, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 000-23433 | 311557791 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
| 151 N. Market St., Wooster, Ohio | 44691 | |||
| (Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (330) 264-5767
Not Applicable
(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: | ||
| [ ] | 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)) | |
Item 8.01. Other Events.
On August 10, 2012 the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
Exhibit 99.1. Press release dated August 10, 2012
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 hereunto duly authorized.
| Wayne Savings Bancshares, Inc. (Registrant) |
||
| August 10, 2012 (Date) |
/s/ H. STEWART FITZ GIBBON III H. Stewart Fitz Gibbon III Executive Vice President Chief Operating Officer, Chief Risk Officer |
EXHIBIT 99.1
WOOSTER, Ohio, Aug. 10, 2012 (GLOBE NEWSWIRE) -- Wayne Savings Bancshares, Inc. (Nasdaq:WAYN) (the "Company"), the holding company parent of Wayne Savings Community Bank (the "Bank"), announced today that its Board of Directors has adopted a new stock repurchase program. Under the new stock repurchase program, the Company is authorized to repurchase up to 150,206 shares, or five percent (5%) of its issued and outstanding shares of common stock. The stock repurchase program may be limited or terminated at any time without prior notice.
Under the stock repurchase program, the Company may acquire shares of its common stock in the open market or in any private transaction, from time-to-time and in accordance with applicable laws, rules and regulations. The timing and extent to which the Company repurchases its shares will depend upon management's assessment of market conditions and other corporate considerations as may be considered in the Company's sole discretion.
CONTACT: Wayne Savings Bancshares, Inc.
H. Stewart Fitz Gibbon III
Executive Vice President, Chief Operating
Officer, Chief Risk Officer, Corporate
Secretary and Treasurer
330-264-5767