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 14, 2014
DORAL FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
| Puerto Rico | 001-31579 | 66-0312162 | ||
| (State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
| 1451 Franklin D. Roosevelt Avenue, San Juan, Puerto Rico | 00920-2717 | |||
| (Address of principal executive offices) | (Zip Code) | |||
Registrant’s telephone number, including area code: (787) 474-6700
(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.
As previously reported, on May 9, 2014, Doral Financial Corporation (“Doral”) sent a letter (the “Doral Letter”) to the Secretary of the Puerto Rico Department of Treasury (the “PR Treasury Department”) requesting that the Commonwealth of Puerto Rico immediately pay to Doral all amounts due under the closing agreement dated March 26, 2012 by and among Doral and its subsidiaries and the PR Treasury Department (the “2012 Closing Agreement”). On May 14, 2014, Doral received a letter from the PR Treasury Department (the “Treasury Letter”) stating that the 2012 Closing Agreement is null and that Doral has no right to a refund of its overpaid taxes. Doral is evaluating its legal options in connection with the Treasury Letter and anticipates taking appropriate action to protect its legal rights.
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.
| DORAL FINANCIAL CORPORATION | ||||||
| Date: May 15, 2014 | By: | /s/ Enrique R. Ubarri | ||||
| Enrique R. Ubarri | ||||||
| Executive Vice President and General Counsel | ||||||