Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - Westbury Bancorp, Inc. | sixthstockrepurchasepressr.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): November 17, 2017
WESTBURY BANCORP, INC.
(Exact Name of Registrant as Specified in Charter)
Maryland | 001-35871 | 46-1834307 | ||
(State or Other Jurisdiction of Incorporation) | (Commission File No.) | (I.R.S. Employer Identification No.) | ||
200 South Main Street, West Bend, Wisconsin | 53095 | |
(Address of Principal Executive Offices) | (Zip Code) | |
Registrant’s telephone number, including area code: (262) 334-5563
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 [X]
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 8.01. | Other Events. |
On November 17, 2017, Westbury Bancorp, Inc. (the “Company”) announced that its Board of Directors had authorized a stock repurchase program pursuant to which the Company intends to purchase 388,037 shares of its issued and outstanding common stock, which represents approximately 10% of its issued and outstanding shares of common stock as of the date hereof. The repurchase program will commence on or about November 17, 2017. The timing of the purchases will depend on certain factors, including, but not limited to, market conditions and prices, available funds and alternative uses of capital. The stock repurchase program may be carried out in accordance with Securities and Exchange Commission Rule 10b-18 through open-market purchases, block trades, negotiated private transactions and pursuant to a trading plan that may be adopted in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934. Any repurchased shares will be held by the Company as authorized but unissued shares.
In connection with the authorization of this stock repurchase program, the Board of Directors of the Company announced the termination of the Company’s existing stock repurchase program, which had authorized the Company to purchase up to 422,906 shares of its issued and outstanding common stock. The Company purchased a total of 389,780 shares of its common stock under this stock repurchase program.
A copy of the press release is included as Exhibit 99.1 to this report and is incorporated herein by reference.
Item 9.01. | Financial Statements and Exhibits. |
(a) | Financial Statements of Businesses Acquired. Not applicable. |
(b) | Pro Forma Financial Information. Not applicable. |
(c) | Shell Company Transactions. None. |
(d) | Exhibits. |
99.1 Press release dated November 17,2017 | |
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.
WESTBURY BANCORP, INC. | ||
DATE: November 17. 2017 | By: | /s/ Kirk J. Emerich |
Kirk J. Emerich | ||
Executive Vice President and Chief Financial Officer | ||