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 2, 2020
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)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||
| Common Stock, par value $0.01 per share | PBBI | The NASDAQ Stock Market, LLC |
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 January 2, 2020, the Board of Directors of PB Bancorp, Inc. (the “Company”) declared a quarterly cash dividend on the Company’s common stock of $0.07 per share. The dividend will be payable to stockholders of record as of January 16, 2020 and will be paid on January 30, 2020.
A copy of the press release dated January 3, 2020, 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 January 3, 2020. | |
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: January 3, 2020 | By: | /s/ Thomas A. Borner |
| Thomas
A. Borner President and Chief Executive Officer | ||
Exhibit 99.1
PB Bancorp, Inc.
News Release
FOR IMMEDIATE RELEASE
Contact: Thomas A. Borner, President and CEO, PB Bancorp, Inc.
Telephone: (860) 928-6501
PB BANCORP, INC. ANNOUNCES QUARTERLY
DIVIDEND
PUTNAM, CT – January 3, 2020 – 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 $0.07 per share. The dividend will be payable to all stockholders of record as of January 16, 2020, and is scheduled to be paid on January 30, 2020.
“We are pleased to announce this quarterly dividend payment for the Holding Company” said Mr. Borner. “We believe that providing a reasonable return to our stockholders is an important part of being a community bank. We will continue to work towards achieving sustained success in building on our brand of community banking. We remain confident that in serving our mission of enhancing the quality of life in the communities we serve is good for all of us”.
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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