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EX-99 - PRESS RELEASE - OBA Financial Services, Inc.ex99_032112.htm

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): March 16, 2012

OBA FINANCIAL SERVICES, INC.
(Exact Name of Registrant as Specified in its Charter)

Maryland
 
001-34593
 
27-1898270
(State or Other Jurisdiction
of Incorporation)
 
(Commission File No.)
 
(I.R.S. Employer
Identification No.)

20300 Seneca Meadows Parkway, Germantown, Maryland
 
20876
(Address of Principal Executive Offices)
 
(Zip Code)

Registrant’s telephone number, including area code:  (301) 916-0742

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 (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 CFR 240.13e-4(c))


 
 

 

 
Item 8.01.
Other Events.

On March 16, 2012, OBA Financial Services, Inc. (the “Company”) announced that it had effectively completed its initial repurchase program, and that its Board of Directors had adopted a second stock repurchase program.  Under the new repurchase program, the Company may repurchase up to 208,294 shares of its common stock, or approximately 5% of the to-be outstanding shares following the completion of the initial repurchase program.

The repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.  The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate.

A copy of the press release announcing this item is attached as Exhibit 99 to this report.

Item 9.01.
Financial Statements and Exhibits.

 
(d)
Exhibits

 
Exhibit No.
Description

 
99
Press release dated March 16, 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.

   
OBA Financial Services, Inc.
 
 
DATE: March 21, 2012
By:   
/s/ David A. Miller
   
David A. Miller
   
Senior Vice President and Chief Financial Officer


 
 

 

 
EXHIBIT INDEX

Exhibit No.
Description

99
Press release dated March 16, 2012