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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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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 24, 2007
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 8.01 Other Events.
On August 24, 2007, Westborough Financial Services, Inc. (the "Company")
completed the transactions contemplated by the Agreement and Plan of Merger,
dated as of November 13, 2006, among Assabet Valley Bancorp, HudWest Financial
Services, Inc., Hudson Savings Bank and Westborough Bancorp, MHC, the Company
and The Westborough Bank (the "Merger Agreement").
Under the terms of the Merger Agreement, Assabet Valley Bancorp acquired
the Company in a cash merger transaction for $35 per share (other than shares
of the Company owned by Westborough Bancorp, MHC, which were cancelled). In
addition, the merger of The Westborough Bank with and into Hudson Savings Bank
was completed in accordance with the terms of the Merger Agreement.
The press release announcing completion of the transactions contemplated
by the Merger Agreement is included herewith as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) The following exhibit is furnished with this report:
Exhibit No. Description
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99.1 Press release dated August 27, 2007
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/ Joseph F. MacDonough
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Name: Joseph F. MacDonough
Title: President and Chief Executive Officer
Date: August 27, 2007