SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20552
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
March 28, 2006
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Date of Report
(Date of earliest event reported)
Synergy Financial Group, Inc.
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(Exact name of Registrant as specified in its Charter)
New Jersey 0-50467 52-2413926
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(State or other jurisdiction (File No.) (IRS Employer
of incorporation) Identification Number)
310 North Avenue East, Cranford, New Jersey 07016
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (800) 693-3838
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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
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act
SYNERGY FINANCIAL GROUP, INC.
INFORMATION TO BE INCLUDED IN REPORT
Item 8.01 Other Events
The Company announced on February 23, 2006 its intent to purchase up to five
percent of its then outstanding common stock (approximately 572,294 shares,
which incorporated the 174,628 shares that remained available for repurchase
under the Company's August 2005 repurchase program) in open market transactions.
The Company announced that such purchases would be made from time to time in the
open market, based on stock availability, price and the Company's financial
performance.
On March 28, 2006, the Company entered into a Rule 10b5-1 trading plan in order
to facilitate such repurchases. Shares of the Company's common stock repurchased
under the 10b5-1 trading plan will be disclosed in the Company's periodic
reports.
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, thereunto duly authorized.
SYNERGY FINANCIAL GROUP, INC.
Date: March 31, 2006 By: /s/Kevin A. Wenthen
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Kevin A. Wenthen
Senior Vice President
and Chief Administrative Officer