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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
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Date of report (Date of earliest event reported): August 29, 2005
WESTBOROUGH FINANCIAL SERVICES, INC.
(Exact name of registrant as specified in its charter)
Massachusetts 000-27997 04-3504121
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
100 E. Main Street, Westborough, MA 01581
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (508) 366-4111
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))
Item 1.01 Entry into a Material Definitive Agreement.
On August 29, 2005, the Board of Directors of Westborough Financial
Services, Inc. approved and adopted an amendment to the Employee Stock
Ownership Plan of Westborough Financial Services, Inc. (the "ESOP"). In
accordance with the requirements of the Economic Growth and Tax Relief
Reconciliation Act of 2001, the ESOP amendment provides for the
distribution of participant accounts following the termination of
employment absent the direction of the participant if such participant has
a vested balance of $1,000 or less in his or her ESOP account.
Item 9.01 Financial Statements and Exhibits.
(c) The following exhibit is furnished with this report:
Exhibit No. Description
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10.01(a)(2) Amendment No. 3 to Employee Stock Ownership Plan of
Westborough Financial Services, Inc.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Company has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
WESTBOROUGH financial SERVICES, inc.
By: /s/ John L. Casagrande
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Name: John L. Casagrande
Title: Senior Vice President and Treasurer
Date: September 2, 2005