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EX-99.1 - EXHIBIT 99.1 - Standard AVB Financial Corp.t1701335_ex99-1.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): April 27, 2017

 

 

STANDARD AVB FINANCIAL CORP.

(Exact Name of Registrant as Specified in its Charter)

 

 

Maryland   333-215069   27-3100949

(State or Other Jurisdiction

of Incorporation)

  (Commission File No.)  

(I.R.S. Employer

Identification No.)

 

2640 Monroeville Boulevard, Monroeville, Pennsylvania   15146
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code:     (412) 856-0363

 

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))

 

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 2.02Results of Operations and Financial Condition

 

On April 27, 2017, Standard AVB Financial Corp. (the “Company”), the holding company for Standard Bank, PaSB (the “Bank”), announced the financial results of Standard Financial Corp. for the quarter ended March 31, 2017. As previously disclosed, the merger of Allegheny Valley Bancorp, Inc. with and into Standard Financial Corp. was consummated at the close of business on April 7, 2017 and after the completion of the March 31, 2017 quarter. Accordingly, the financial results referenced in the earnings release solely relate to Standard Financial Corp. on a pre-merger basis. The combined company was renamed Standard AVB Financial Corp. on April 7, 2017. The earnings release containing the financial results is included as Exhibit 99.1 and shall not be deemed “filed” for any purpose.

 

Item 8.01Other Events

 

On April 18, 2017, the Company’s Board of Directors declared a cash dividend of $0.221 per share to shareholders of record of Standard AVB Financial Corp. at the close of business on May 4, 2017 and payable on May 18, 2017.

 

Item 9.01Financial Statements and Exhibits

 

(a)Financial Statements of Businesses Acquired. Not applicable.

 

(b)Pro Forma Financial Information. Not applicable.

 

(c)Shell Company Transactions. Not applicable.

 

(d)Exhibits.

 

Exhibit No.   Description
     
99.1   Earnings 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.

 

    STANDARD AVB FINANCIAL CORP.
     
DATE: April 28, 2017 By: /s/ Timothy K. Zimmerman
    Timothy K. Zimmerman
    Chief Executive Officer