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 31, 2006
PROVIDENT NEW YORK BANCORP
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-25233 80-0091851
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(State or Other Jurisdiction) (Commission File No.) (I.R.S. Employer
of Incorporation) Identification No.)
400 Rella Boulevard, Montebello, New York 10901
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (845) 369-8040
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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 (see General Instruction 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))
Item 1.01. Entry into a Material Definitive Agreement.
On March 31, 2006, Provident Bank, the wholly-owned subsidiary of Provident
New York Bancorp (the "Registrant"), entered into an amendment to each of the
Deferred Compensation Agreements with President, Chief Executive Officer and
Director George Strayton and Directors Donald T. McNelis and William R. Sichol.
The amendments require that accounts deemed invested in stock of the Registrant
will both remain deemed invested in stock of the Registrant and distributed in
stock of the Registrant. However, in the case of a "Change in Control" of the
Registrant, the participant will be permitted to elect a lump sum, cash
distribution or redirect their deemed investment into a deemed investment other
than stock of the Registrant.
Copies of the amendments will be filed as exhibits to the Company's
Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2006.
Item 9.01. Financial Statements and Exhibits.
(a) Not Applicable.
(b) Not Applicable.
(c) None.
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.
PROVIDENT NEW YORK BANCORP
DATE: April 5, 2006 By: /s/ Paul A. Maisch
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Paul A. Maisch
Executive Vice President and
Chief Financial Officer