a50500293.htm

0001157523-12-006325.txt : 20121207 0001157523-12-006325.hdr.sgml : 20121207 20121207152527 ACCESSION NUMBER: 0001157523-12-006325 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20121206 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20121207 DATE AS OF CHANGE: 20121207 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTFIELD FINANCIAL INC CENTRAL INDEX KEY: 0001157647 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16767 FILM NUMBER: 121249801 BUSINESS ADDRESS: STREET 1: 141 ELM STREET CITY: WESTFIELD STATE: MA ZIP: 01085 BUSINESS PHONE: 4135681911 8-K 1 a50500293.htm WESTFIELD FINANCIAL, INC. 8-K a50500293.htm

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): December 6, 2012

WESTFIELD FINANCIAL, INC.

(Exact name of registrant as specified in its charter)

Massachusetts		001-16767		73-1627673
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

141 Elm Street

Westfield, Massachusetts 01085

(Address of principal executive offices, zip code)

Registrant’s telephone number, including area code: (413) 568-1911

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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

Westfield Financial, Inc. (the “Company”), the holding company for Westfield Bank (the “Bank”), announced yesterday that its Board of Directors has authorized a stock repurchase program (“Repurchase Program”) under which the Company may repurchase up to 2,427,000 shares, or 10% of its outstanding common stock. The Company completed its previous stock repurchase program of 1,278,560 shares of its common stock on November 5, 2012.

Pursuant to the Repurchase Program, on December 7, 2012, the Company entered into a 10b5-1 repurchase plan (“10b5-1 Plan”) with Keefe, Bruyette & Woods, Inc. Pursuant to the 10b5-1 Plan, a maximum of 2,077,000 shares may be repurchased beginning January 8, 2013. The 10b5-1 Plan expires on January 7, 2014.

The press release is included as Exhibit 99.1 and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(a) Not applicable.

(b) Not applicable.

(d) Exhibits.

Exhibit Number		Description

99.1		Press Release, dated December 6, 2012

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.

	WESTFIELD FINANCIAL, INC.


Date: December 7, 2012	By:	/s/ Leo R. Sagan, Jr.
		Leo R. Sagan, Jr.
		Chief Financial Officer

EXHIBIT INDEX

Exhibit Number		Description

99.1		Press Release, dated December 6, 2012

EX-99.1 2 a50500293ex99_1.htm EXHIBIT 99.1 a50500293ex99_1.htm

Exhibit 99.1

FOR IMMEDIATE RELEASE

	For further information contact:
	James C. Hagan, President & CEO
	Leo R. Sagan, Jr., CFO
	413-568-1911

Westfield Financial, Inc. Announces 10% Stock Repurchase Program

Westfield, Massachusetts, December 6, 2012: Westfield Financial, Inc. (the “Company”) (NasdaqGS:WFD), the holding company for Westfield Bank (the “Bank”), announced today that its Board of Directors has authorized a stock repurchase program (“Repurchase Program”) under which the Company may repurchase up to 2,427,000 shares, or 10% of its outstanding common stock. The Company completed its previous stock repurchase program of 1,278,560 shares of its common stock on November 5, 2012.

About Westfield Financial, Inc.

Westfield Financial is a Massachusetts-chartered stock holding company and the parent company of Westfield Bank. The Bank is a federally chartered savings bank regulated by the Office of Comptroller of the Currency. The Bank is headquartered in Westfield, Massachusetts and operates through 11 banking offices in Agawam, East Longmeadow, Feeding Hills, Holyoke, Southwick, Springfield, West Springfield and Westfield, Massachusetts. The Bank’s deposits are insured by the Federal Deposit Insurance Corporation.

Forward-Looking Statements

The Company wishes to caution readers not to place undue reliance on any such forward-looking statements contained in this press release, which speak only as of the date made. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2011, and in subsequent filings with the Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent our views as of the date of this release. The Company and the Bank do not undertake and specifically decline any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.