0001171843-17-003370.txt : 20170530 0001171843-17-003370.hdr.sgml : 20170529 20170530160015 ACCESSION NUMBER: 0001171843-17-003370 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20170530 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170530 DATE AS OF CHANGE: 20170530 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARLIN BUSINESS SERVICES CORP CENTRAL INDEX KEY: 0001260968 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 383686388 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50448 FILM NUMBER: 17877351 BUSINESS ADDRESS: STREET 1: 300 FELLOWSHIP ROAD CITY: MT. LAUREL STATE: NJ ZIP: 08054 BUSINESS PHONE: 8884799111 MAIL ADDRESS: STREET 1: 300 FELLOWSHIP ROAD CITY: MT. LAUREL STATE: NJ ZIP: 08054 FORMER COMPANY: FORMER CONFORMED NAME: MARLIN BUSINESS SERVICES INC DATE OF NAME CHANGE: 20030822 8-K 1 f8k_053017.htm FORM 8-K
 

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): May 30, 2017  

Marlin Business Services Corp.
(Exact Name of Registrant as Specified in Charter)

Pennsylvania000-5044838-3686388
(State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification Number)

 

300 Fellowship Road, Mount Laurel, NJ 08054
(Address of Principal Executive Offices) (Zip Code)

(888) 479-9111
(Registrant's telephone number, including area code)


(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))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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.

The Registrant issued a second press release on May 30, 2017, announcing that its Board of Directors approved a stock repurchase plan wherein the Registrant is authorized to repurchase up to $10 million of its outstanding shares of common stock.  A copy of the press release is attached as Exhibit 99.1 to this report and is incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

(d)  Exhibits.

               

99.1        Press Release issued by Marlin Business Services Corp. on May 30, 2017, relating to the stock repurchase program.  

 


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.

  Marlin Business Services Corp.
(Registrant)
   
   
Date: May 30, 2017 /s/ Edward R. Dietz        
  Edward R. Dietz
  Senior Vice President, General Counsel and Secretary
  


INDEX TO EXHIBITS

99.1 Press Release issued by Marlin Business Services Corp. on May 30, 2017, relating to the stock repurchase program.

EX-99.1 2 exh_991.htm PRESS RELEASE EdgarFiling

EXHIBIT 99.1

Marlin Business Services Corp. Board of Directors Authorizes $10 Million Stock Repurchase Program

MOUNT LAUREL, N.J., May 30, 2017 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (Nasdaq:MRLN) today announced that its Board of Directors has authorized a stock repurchase program of up to $10 million of its outstanding shares of common stock, replacing the stock repurchase program announced in July 2014. The manner, timing and amount of any purchase will be based on an evaluation of market conditions, stock price and other factors.

“Marlin is committed to maximizing shareholder value, and we feel the share repurchase authorization is a positive step towards this goal,” said Jeffrey A. Hilzinger, Marlin’s President and CEO. “We believe the current share price is not indicative of the Company’s long-term intrinsic value, and this action underscores our confidence in our business prospects.  Given our strong balance sheet and operating momentum, we believe this share repurchase program is both a timely and appropriate use of the Company’s capital resources.”

The repurchase may be made on the open market, in block trades, through privately negotiated transactions or plans, pursuant to instructions or contracts established under Rule 10b5-1 under the Securities Exchange Act of 1934, or otherwise in accordance with applicable laws, rules and regulations. No time limit has been set for the completion of the program. The stock repurchase program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended at any time at the Company's discretion. The stock repurchase will be funded using the Company's working capital. Any shares purchased under this program will be returned to the status of authorized but unissued shares of common stock.

About Marlin Business Services Corp.
Marlin Business Services Corp. is a nationwide provider of credit products and services to small businesses with a mission of helping small businesses fulfill their American dream. Our products and services are offered directly to small businesses and through financing programs with equipment manufacturers, distributors, dealers and other intermediaries. Marlin and its wholly-owned operating subsidiary, Marlin Business Bank, are publicly traded (NASDAQ:MRLN). For more information about Marlin, visit www.marlinfinance.com or call toll free at (888) 479-9111.

Forward-Looking Statements
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements (including statements regarding future financial and operating results) involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. All statements contained in this release that are not clearly historical in nature are forward-looking, and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” “may,” “intend” and similar expressions are generally intended to identify forward-looking statements. Economic, business, funding, market, competitive, legal and/or regulatory factors, among others, affecting our business are examples of factors that could cause actual results to differ materially from those described in the forward-looking statements. More detailed information about these factors is contained in our filings with the Securities and Exchange Commission, including the sections captioned “Risk Factors” and “Business” in the Company’s Form 10-K filed with the Securities and Exchange Commission. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Contacts:
Taylor Kamp
Senior Vice President & Chief Financial Officer
856-505-4108

Lasse Glassen
Addo Investor Relations
lglassen@addoir.com
424-238-6249

GRAPHIC 3 logolarge.gif begin 644 logolarge.gif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end