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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): May 8, 2008
POLONIA BANCORP
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(Exact Name of Registrant as Specified in Its Charter)
United States 0- 52267 41-2224099
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(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
3993 Huntingdon Pike, 3rd Floor, Huntingdon Valley, Pennsylvania 19006
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(Address of principal executive offices) (Zip Code)
(215) 938-8800
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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))
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ITEM 8.01 OTHER EVENTS
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On May 8, 2008, the Board of Directors of Polonia Bancorp (the
"Company"), the holding company for Polonia Bank, was informed of the death of
Director Gordon R. Johnston, III. Mr. Johnston had served as a Director of
Polonia Bank since 2006 and as a Director of Polonia Bancorp since its formation
in January, 2007. Mr. Johnston also served as Chairman of the Audit Committee
and as a member of each of the Compensation Committee and the Nominating and
Governance Committee.
Mr. Johnston was a nominee for election to the Company's Board of
Directors at the Company's 2008 Annual Meeting of Stockholders to be held on May
20, 2008. Because of Mr. Johnston's unexpected death, the Board anticipates
reducing the size of the Company's Board from six to five members. The Board of
Directors will therefore present only the remaining nominee, Edward W.
Lukiewski, for election to the Company's Board of Directors at the 2008 Annual
Meeting. The proxy cards furnished with the Company's 2008 proxy statement
remain effective and the shares represented by those proxy cards will be voted
in accordance with the stockholder's instructions with respect to Mr. Lukiewski.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
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(a) Financial Statements of Businesses Acquired: Not applicable
(b) Pro Forma Financial Information: Not applicable
(c) Shell Company Transactions: Not Applicable
(d) Exhibits: Not Applicable
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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: May 12, 2008 By: /s/ Paul D. Rutkowski
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Paul D. Rutkowski
Chief Financial Officer and Treasurer