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): March 22, 2019
PDL Community Bancorp
(Exact name of Registrant as Specified in Its Charter)
Federal | 001-38224 | 82-2857928 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
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2244 Westchester Avenue Bronx, NY |
| 10462 |
(Address of Principal Executive Offices) |
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Registrant’s Telephone Number, Including Area Code: (718) 931-9000
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 Instructions 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. ☐
On March 22, 2019, PDL Community Bancorp (the “Company”) announced that its Board of Directors has adopted a share repurchase program to fund the restricted stock units and stock options awarded under the Company’s 2018 Long-Term Incentive Plan. Under the share repurchase program, the Company may repurchase up to 923,151 shares of the Company’s common stock, or approximately 5% of the Company’s current issued and outstanding shares.
A copy of the press release announcing the share repurchase program is attached as Exhibit 99.1 hereto.
Item 9.01 | Exhibits. |
(d) Exhibits.
Exhibit Number |
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99.1 |
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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.
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| PDL Community Bancorp | |
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Date: March 22, 2019 |
| By: | /s/ Carlos P. Naudon |
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| Carlos P. Naudon |
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| President and Chief Executive Officer |