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): February 17, 2017

WESTERN NEW ENGLAND BANCORP, INC.

(Exact name of registrant as specified in its charter)

141 Elm Street

Westfield, Massachusetts 01085
(Address of principal executive offices, zip code)

Registrant’s telephone number, including area code: (413) 568-1911

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 January 31, 2017, the Board of Directors of Western New England Bancorp, Inc. (the “Company”), the holding company for Westfield Bank, announced the authorization of a stock repurchase program, under which the Company may repurchase up to 3,047,000 shares, or 10%, of its outstanding common stock.

On February 17, 2017, the Company entered into an agreement with Griffin Financial Group, LLC to repurchase up to 3,047,000 shares of the Company’s common stock, $0.01 par value per share, pursuant to its stock repurchase program (“10b5-1 Plan”). Pursuant to the 10b5-1 Plan, a maximum of 3,047,000 shares may be purchased beginning March 20, 2017 until the 10b5-1 Plan expires on March 19, 2018.

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.