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): September 21, 2016
WELLESLEY BANCORP, INC.
(Exact Name of Registrant as Specified in Its Charter)
Maryland (State or other jurisdiction of incorporation or organization) | | 001-35352 (Commission File Number) | | 45-3219901 (IRS Employer Identification No.) |
40 Central Street, Wellesley, Massachusetts, 02482
(Address of principal executive offices) (Zip Code)
(781) 235-2550
(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)) |
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(d) On September 21, 2016, the Board of Directors of Wellesley Bancorp, Inc. (the “Company”) and Wellesley Bank (the “Bank”) appointed Kathryn M. Hinderhofer to the Board of Directors of the Company and the Bank. Ms. Hinderhofer is expected to serve on the Bank’s Security Committee. As an independent director, Ms. Hinderhofer will receive the customary fees and benefits for her service on the Company’s Board of Directors, the Bank’s Board of Directors and the Committees thereof. It is also expected that Ms. Hinderhofer will receive a restricted stock award of 3,000 shares of Company stock vesting in equal installments over a period of five years commencing in October 2017.
There are no transactions since the beginning of the Company’s last fiscal year, or any currently proposed transaction, in which the Company was or is to be a participant and the amount involved exceeds $120,000, and in which Ms. Hinderhofer had or will have a direct or indirect material interest.
On September 21, 2016, the Company issued a press release announcing Ms. Hinderhofer’s appointment to the Board of Directors. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits |
| Number | Description |
| | |
| 99.1 | Press Release dated September 21, 2016 |
SIGNATURE
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 thereunto duly authorized.
| | WELLESLEY BANCORP, INC. | |
| | | | |
| | | | |
| Date:September 21, 2016 | By: | /s/ Thomas J. Fontaine | |
| | | Thomas J. Fontaine | |
| | | President and Chief Executive Officer | |
