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): September 24, 2007
BCSB BANCORP, INC.
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(Exact Name of Registrant as Specified in Its Charter)
UNITED STATES 333-141572 TO BE APPLIED FOR
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(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
4111 E. JOPPA ROAD, SUITE 300, BALTIMORE, MARYLAND 21236
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(Address of principal executive offices) (Zip Code)
(410) 256-5000
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(Registrant's telephone number, including area code)
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 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
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APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF
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CERTAIN OFFICERS.
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(b) On September 25, 2007, BCSB Bankcorp, Inc. (the "Company")
announced that William M. Loughran, the Executive Vice President and Chief
Lending Officer of Baltimore County Savings Bank, F.S.B. (the "Bank"), a wholly
owned subsidiary of the Company, will retire as an employee of the Company and
the Bank effective November 16, 2007.
(e) On September 24, 2007, the Company, the Bank, Baltimore County
Savings Bank, M.H.C. and BCSB Bancorp, Inc. (collectively, the "Employers")
entered into a Separation Agreement and Release (the "Agreement") with William
M. Loughran, the Executive Vice President and Chief Lending Officer of the
Company and the Bank and a Director of each of the Employers. Under the terms of
the Agreement, effective November 16, 2007, Mr. Loughran will retire from
employment with the Company and the Bank. He will continue to serve as a
director of the Employers. In light of Mr. Loughran's 34 years of service, the
Bank agreed to pay to Mr. Loughran the amount of $155,911, less required
withholding and deductions. Such payment is to be made on the first business day
of January 2008.
In exchange for the consideration set forth in the Agreement, Mr.
Loughran agreed to release the Employers other from any and all liabilities,
claims, actions, causes of action or suits.
Under the Agreement, Mr. Loughran has until October 1, 2007 to revoke
the Agreement, and the Agreement will not become effective or enforceable until
the revocation period has expired.
ITEM 8.01 OTHER EVENTS.
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On September 25, 2007, the Company issued a press release announcing
earnings guidance for the three months ending September 30, 2007. In addition,
BCSB Bancorp, Inc., the proposed holding company for Baltimore County Savings
Bank, F.S.B. following the second step conversion and stock offering, announced
that it was the termination date for the subscription and community offering to
12:00 noon on October 19, 2007 and that it is extending the latest date to which
it may extend this termination date without notice until December 3, 2007,
unless the Office of Thrift Supervision approves a later date. Persons who have
already submitted an order in the subscription and community offering will have
the right to confirm, increase, decrease or rescind their orders to give
prospective purchasers in the offering an opportunity to review the earnings
guidance. For more information, reference is made to the Company's press release
dated September 25, 2007, a copy of which is attached to this Report as Exhibit
99.1 and is incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
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(d) Exhibits
Number Description
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99.1 Press Release Dated September 25, 2007
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.
Date: September 26, 2007 By /s/ Joseph J. Bouffard
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Joseph J. Bouffard
President and Chief Executive Officer