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EX-99.1 - EXHIBIT 99.1 - OCEANFIRST FINANCIAL CORPex991-earningsreleaseapril.htm


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): April 28, 2017 (April 27, 2017)
 
 
OCEANFIRST FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
 
Delaware
 
001-11713
 
22-3412577
(State or other jurisdiction of
incorporation or organization)
 
(Commission
File No.)
 
(IRS Employer
Identification No.)
975 HOOPER AVENUE, TOMS RIVER, NEW JERSEY 08753
(Address of principal executive offices, including zip code)
(732)240-4500
(Registrant’s telephone number, including area code)
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))
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 2.02
RESULTS OF OPERATION AND FINANCIAL CONDITION
On April 27, 2017, OceanFirst Financial Corp. (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2017. That press release is attached to this Report as Exhibit 99.1.

ITEM 8.01
OTHER EVENTS
In the press release described in Item 2.02, the Company announced that the Board of Directors declared a regular quarterly cash dividend on the Company’s outstanding common stock. The cash dividend will be in the amount of $0.15 per share and will be payable on May 19, 2017 to the stockholders of record at the close of business on May 8, 2017.
Additionally, the Company announced the authorization of the Board to repurchase 5% of the Company's outstanding common stock up to an additional 1.6 million shares. This amount is in addition to the remaining 154,804 shares available for repurchase under the existing 2014 Repurchase Program.

ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS
 
(d)
EXHIBITS
 
 
 
99.1
Press Release dated
April 27, 2017





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.
 
 
 
OCEANFIRST FINANCIAL CORP.
 
 
 
Dated:
April 28, 2017
/s/ Michael J. Fitzpatrick
 
 
Michael J. Fitzpatrick
 
 
Executive Vice President and Chief Financial Officer







Exhibit Index
 
Exhibit
  
Description
99.1
  
Press Release dated April 27, 2017.