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)May 16, 2017
MB Bancorp, Inc.
(Exact name of registrant as specified in its charter)
| Maryland | 000-55341 | 47-1696350 |
| (State or other jurisdiction of | (Commission | (IRS Employer |
| Incorporation) | File Number) | Identification No.) |
| 1920 Rock Spring Road, Forest Hill, Maryland | 21050 |
| (Address of principal executive offices) | (Zip Code) |
(410) 420-9600
(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.¨
On May 16, 2017, MB Bancorp, Inc. (the “Company”), issued a press release announcing that the Company’s Board of Directors has authorized the extension of its stock repurchase program (the “Program”) through November 15, 2017, unless completed sooner or otherwise extended. The Program allows for the repurchase of up to 95,220 shares of the Company’s outstanding common stock, representing approximately 5% of the Company’s outstanding shares. 16,700 shares have been repurchased under the Program to date, leaving a balance of 78,520 shares that may be repurchased under the Program, as extended.
A copy of the press release is attached to this Report as Exhibit 99.1 and is furnished herewith.
| 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 |
| Number | | Description |
| | | |
| 99.1 | | Press Release dated May 16, 2017 |
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.
| | MB BANCORP, INC. |
| | | |
| Date: May 16, 2017 | By: | /s/ Phil Phillips |
| | | Phil Phillips |
| | | President and Chief Executive Officer |
