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): July 19, 2013
CAPE BANCORP, INC.
(Exact Name of Registrant as Specified in its Charter)
Maryland | | 001-33934 | | 26-1294270 |
(State or Other Jurisdiction of Incorporation) | | (Commission File No.) | | (I.R.S. Employer Identification No.) |
| 225 North Main Street, Cape May Courthouse, New Jersey | | 08210 |
| (Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (609) 465-5600
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) |
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| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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On July 19, 2013, Cape Bancorp, Inc. (the "Company") announced that its Board of Directors has authorized a second stock repurchase program for the repurchase of up to 5%, or approximately 633,877 shares, of the Company’s issued and outstanding common stock from its shareholders. The Company’s first stock repurchase program was completed on July 16, 2013.
The common stock will be repurchased on an ongoing basis and will be subject to the availability of common stock, general market conditions, the trading price of the common stock, alternative uses for capital and the Company’s financial performance. The stock repurchase program may be carried out through open-market purchases, block trades, negotiated private transactions and pursuant to a trading plan that will be adopted in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934.
The full text of the press release is attached as Exhibit 99.1 to this Form 8-K 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: Not Applicable. |
| (d) | | Exhibits. |
| | | |
| Exhibit No. | | Description |
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| 99.1 | | Press Release, dated July 19, 2013 |
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.
| | | CAPE BANCORP, INC. |
| DATE: July 19, 2013 | By: | /s/ Guy Hackney |
| | | Guy Hackney |
| | | Chief Financial Officer |
