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
Date of Report (Date of earliest event reported): April 19, 2013
BROADWAY FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
| Delaware | 000-27464 | 95-4547287 | ||
| (State of Incorporation) | (Commission File Number) |
(IRS Employer Identification No.) |
| 4800 Wilshire Boulevard, Los Angeles, California | 90010 | |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (323) 634-1700
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 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Broadway Financial Corporation (the “Company”), the holding company of Broadway Federal Bank, f.s.b. (“Bank”), announced in a press release dated April 19, 2013 that Ms. Brenda Battey has been approved by the Federal Reserve Bank of San Francisco as Chief Financial Officer (“CFO”) of the Company. Ms. Battey will not have a fixed term of office and will serve at the pleasure of the board of directors. Ms. Battey has over 25 years experience in the banking industry. Prior to joining the Company, Ms. Battey served as Senior Vice President/Senior Controller of Bank of Manhattan from 2011 to 2012, Senior Vice President/Controller of Community Bank in 2010 and Senior Vice President/Controller of First Federal Bank of California from 1997 to 2009.
| Item 9.01 | Financial Statements and Exhibits |
| (c) | Exhibits |
| 99.1 | Press Release, dated April 19, 2013, announcing the appointment of Ms. Brenda Battey as Chief Financial Officer of the Company. |
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.
| BROADWAY FINANCIAL CORPORATION | ||||
| (Registrant) | ||||
| Date: April 19, 2013 | By | /s/ Wayne-Kent A. Bradshaw | ||
| Wayne-Kent A. Bradshaw | ||||
| Chief Executive Officer | ||||
Exhibit 99.1
News Release
FOR IMMEDIATE RELEASE
Brenda Battey Approved As New Chief Financial Officer For
Broadway Financial Corporation
LOS ANGELES, CA – (BUSINESS WIRE) – April 19, 2013 – Broadway Financial Corporation (the “Company” or “Broadway”) (NASDAQ Capital Market: BYFC), the holding company of Broadway Federal Bank, f.s.b. (“Bank”), today announced that Brenda Battey has been approved by the Federal Reserve Bank of San Francisco as Chief Financial Officer (“CFO”) of the Company.
Wayne-Kent Bradshaw, President and CEO, said, “Brenda Battey adds extensive financial and accounting experience to our management team, and a strong knowledge base of accounting policies, standards and controls for the banking industry. Her tenure as Controller /Senior Controller over the past 25 years at First Federal Savings Bank of California, Community Bank and Bank of Manhattan makes her an ideal fit for Broadway as we continue to pursue our recapitalization, enhance our controls and procedures, and position the Bank for profitable growth in the future. Brenda understands the financial issues facing community-focused banks and has the experience to successfully manage our financial and accounting needs as CFO.”
Ms. Battey is a Certified Public Accountant, and served as an auditor with KPMG LLP for 4 years prior to becoming an executive in the banking industry.
About Broadway Financial Corporation
Broadway Financial Corporation conducts its operations through its wholly-owned subsidiary, Broadway Federal Bank, f.s.b., which is the leading community-oriented savings bank in Southern California serving low to moderate income communities. We offer a variety of residential and commercial real estate loan products for consumers, businesses, and non-profit organizations, other loan products, a variety of deposit products, including checking, savings and money market accounts, and certificates of deposits, and retirement accounts. The Bank operates three full service branches, two in the city of Los Angeles, and one in the nearby city of Inglewood, California.
Shareholders, analysts and others seeking information about the Company are invited to write to: Broadway Financial Corporation, Investor Relations, 4800Wilshire Blvd, Los Angeles, CA 90010, or visit our website at www.broadwayfederalbank.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon our management’s current expectations, and involve risks and uncertainties. Actual results or performance may differ materially from those suggested, expressed, or implied by the forward
looking statements due to a wide range of factors including, but not limited to, the general business environment, the real estate market, competitive conditions in the business and geographic areas in which the Company conducts its business, regulatory actions or changes and other risks detailed in the Company’s reports filed with the Securities and Exchange Commission, including the Company’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. The Company undertakes no obligation to publicly revise any forward-looking statement to reflect any future events or circumstances.
SOURCE: Broadway Financial Corporation
| Contact: | Wayne-Kent A. Bradshaw, Chief Executive Officer (323) 556-3248; or | |
| Brenda Battey, Chief Financial Officer, (323) 556-3264; or | ||
| Investor.relations@broadwayfederalbank.com |
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