0000909654-11-000415.txt : 20111019 0000909654-11-000415.hdr.sgml : 20111019 20111019162355 ACCESSION NUMBER: 0000909654-11-000415 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20111019 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20111019 DATE AS OF CHANGE: 20111019 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTRAL BANCORP INC /MA/ CENTRAL INDEX KEY: 0001076394 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 043447594 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25251 FILM NUMBER: 111148358 BUSINESS ADDRESS: STREET 1: 399 HIGHLAND AVENUE CITY: SOMERVILLE STATE: MA ZIP: 02144 BUSINESS PHONE: 6176284000 MAIL ADDRESS: STREET 1: 399 HIGHLAND AVENUE CITY: SOMERVILLE STATE: MA ZIP: 02144 8-K 1 centralbancorp8koct19-11.htm CURRENT REPORT centralbancorp8koct19-11.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC  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):  October 19, 2011
 
CENTRAL BANCORP, INC.
(Exact Name Of Registrant As Specified In Charter)
 
Massachusetts
0-25251
04-3447594
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)


399 Highland Avenue, Somerville, Massachusetts 02144
(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code:  (617) 628-4000


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 October 19, 2011, Central Bancorp, Inc. (the “Company”) repurchased the common stock warrant previously issued by the Company to the U.S. Department of the Treasury (the “U.S. Treasury”) pursuant to the Troubled Asset Relief Program (“TARP”) Capital Purchase Program for $2.525 million.  The warrant was previously exercisable for 234,742 shares of the Company’s common stock at an exercise price of $6.39 per share.  The warrant repurchase, together with the Company’s redemption in August 2011 of all of the remaining shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A, issued to the U.S. Treasury, represents full repayment of all TARP obligations of the Company held by the U.S. Treasury.

A copy of the news release announcing the warrant repurchase is included as Exhibit 99.1 to this report and is incorporated herein by reference.

Item 9.01   Financial Statements and Exhibits.
 
      (d)             Exhibits

Number      Description

99.1                        Press Release dated October 19, 2011
 
 
 
 

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.
 
  CENTRAL BANCORP, INC.  
       
Date:  October 19, 2011
By:
/s/ John D. Doherty  
    John D. Doherty  
    Chief Executive Officer and Chairman of the Board  
       
EX-99.1 2 central8koct19-19ex99.htm PRESS RELEASE DATED OCTOBER 19, 2011 central8koct19-19ex99.htm
FOR IMMEDIATE RELEASE

Contact:          Paul S. Feeley
Senior Vice President, Treasurer and
   Chief Financial Officer
(617) 628-4000


CENTRAL BANCORP, INC. REPURCHASES WARRANT ISSUED
UNDER THE U.S. TREASURY’S CAPITAL PURCHASE PROGRAM

SOMERVILLE, MASSACHUSETTS, October 19, 2011 – Central Bancorp, Inc. (NASDAQ Global MarketSM: CEBK) (the “Company”) today announced that it has repurchased the warrant it issued to the U.S. Department of Treasury on December 5, 2008 in connection with the Company’s participation in the TARP Capital Purchase Program.  The 10-year warrant had entitled the Treasury to purchase up to 234,742 shares of the Company’s common stock at an exercise price of $6.39 per share. The Company paid Treasury a total of $2.525 million to repurchase the warrant. As previously announced, on August 25, 2011, the Company redeemed all $10.0 million of the preferred stock that it sold to the Treasury under the TARP Capital Purchase Program.

Central Bancorp, Inc. is the holding company for Central Bank, whose legal name is Central Co-operative Bank, a Massachusetts-chartered co-operative bank operating nine full-service banking offices, a limited service high school branch in suburban Boston and a standalone 24-hour automated teller machine in Somerville.

This press release may contain certain forward-looking statements, which are based on management’s current expectations regarding economic, legislative and regulatory issues that may impact the Company’s earnings in future periods.  Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, changes in the growth of the Company’s small business lending portfolio, real estate values and competition, changes in accounting principles, policies or guidelines, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors affecting the Company’s operations, pricing, products and services.