UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K/A
(AMENDMENT NO. 1)
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 28, 2007
BCSB BANKCORP, INC.
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(Exact Name Of Registrant As Specified In Charter)
UNITED STATES 0-24589 52-2108333
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(State Or Other Jurisdiction (Commission (IRS Employer
Of Incorporation) File Number) Identification No.)
4111 E. JOPPA ROAD, SUITE 300, BALTIMORE, MARYLAND 21236
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(Address Of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (410) 256-5000
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NOT APPLICABLE
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(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 4.02 NON-RELIANCE ON PREVIOUSLY ISSUED FINANCIAL STATEMENTS OR A RELATED
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AUDIT REPORT OR COMPLETED INTERIM REVIEW.
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On August 28, 2007, management and the Audit Committee of the Board of
Directors of the Company determined that the Company's consolidated statements
of cash flows for the nine months ended June 30, 2007 should no longer be relied
upon as a result of the misclassification of $45.2 million of cash flows from
the sale of certain mortgage loans originally held for investment, which had
been inappropriately classified as operating activities. In accordance with SFAS
102, "STATEMENT OF CASH FLOWS-EXEMPTION OF CERTAIN ENTERPRISES AND
CLASSIFICATION OF CASH FLOWS FROM CERTAIN SECURITIES ACQUIRED FOR RESALE," cash
flows from the sale of mortgage loans originally held for investment should have
been classified as investing activities rather than as operating activities.
The correction of the error described above affects the classification
of these activities and the subtotals of cash flows from operating and investing
activities presented in the Consolidated Statements of Cash Flows for the nine
months ended June 30, 2007, but they do not have any impact on the total cash
and cash equivalents presented therein. No other periods were affected by the
misclassification.
The Company's management and Audit Committee has consulted with Stegman
& Company, who serves as the Company's independent registered public accounting
firm, regarding the matters disclosed in this Form 8-K in reaching the
conclusion to restate the financial statements for the above-mentioned period to
reflect the reclassification discussed herein.
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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.
BCSB BANKCORP, INC.
Date: September 4, 2007 By: /s/ Joseph J. Bouffard
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Joseph J. Bouffard
President and Chief Executive Officer
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