0001329517-13-000031.txt : 20130624 0001329517-13-000031.hdr.sgml : 20130624 20130624165128 ACCESSION NUMBER: 0001329517-13-000031 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130624 ITEM INFORMATION: Other Events FILED AS OF DATE: 20130624 DATE AS OF CHANGE: 20130624 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WATERSTONE FINANCIAL INC CENTRAL INDEX KEY: 0001329517 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 000000000 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51507 FILM NUMBER: 13930087 BUSINESS ADDRESS: STREET 1: 11200 WEST PLANK ROAD CITY: WAUWATOSA STATE: WI ZIP: 53226 BUSINESS PHONE: 414-258-5880 MAIL ADDRESS: STREET 1: 11200 WEST PLANK ROAD CITY: WAUWATOSA STATE: WI ZIP: 53226 FORMER COMPANY: FORMER CONFORMED NAME: Wauwatosa Holdings, Inc. DATE OF NAME CHANGE: 20050608 8-K 1 form8k.htm

 
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):  June 24, 2013
WATERSTONE FINANCIAL, INC.
 (Exact name of Registrant as specified in its charter)

Federal
(State or Other Jurisdiction
of Incorporation)
000-51507
(Commission File Number)
20-3598485
(I.R.S. Employer Identification No.)

11200 W. Plank Ct, Wauwatosa, Wisconsin 53326
(Address of principal executive offices)

(414) 761-1000
Registrant's telephone number, including area code

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 June 24, 2013, WaterStone Bank SSB (the "Bank"), a wholly-owned subsidiary of Waterstone Financial, Inc. (the "Company"), announced that its current Board of Directors unanimously voted to approve the appointments of Ellen Bartel and Kristine Rappé to the Board of Directors, effective as of the close of business on June 21, 2013.  There are no arrangements or understandings between either Ms. Rappé or Ms. Bartel and any other person pursuant to which each became a director.  Neither Ms. Rappé nor Ms. Bartel is a party to any transaction with the Company or the Bank that would require disclosure under Item 404(a) of Securities and Exchange Commission Regulation S-K.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.                          Description

99.1                          Press release of Waterstone Financial, inc. issued June 24, 2013.























 
 
 
 
 

 





 
 

 

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.
 
 

 
WATERSTONE FINANCIAL, INC
 
 
Date:  June 24, 2013
By:  /s/  Richard C. Larson                                                              
 
Richard C. Larson
 
Chief Financial Officer and Senior Vice President
 
(Duly Authorized Representative)



 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 EX-99.1 2 exhibit991.htm
Exhibit 99.1


Poised for Growth, WaterStone Bank Gains Experience with Board Expansion.

Coming off a positive year of earnings, WaterStone Bank SSB will expand its Board of Directors. The current Board of Directors unanimously voted to approve the appointments of Ellen Bartel and Kristine Rappé to the Board of Directors, effective as of the close of business on June 21, 2013.

When asked about the new appointments, Doug Gordon, President and Chief Executive Officer of WaterStone Bank replied, "Ellen and Kris enhance our Board with their vast and diverse experience. Their addition will aid in the future growth of WaterStone."

Ellen S. Bartel of Wauwatosa has been the President of Divine Savior Holy Angels (DSHA) High School (Milwaukee, Wisconsin) since 1998 where she achieved significant and measurable improvements in DSHA curriculum, facilities, financial infrastructure, image, and reputation. Bartel has balanced DSHA's budget for 15 consecutive years, oversaw endowment growth from under one million to nearly ten million dollars, and developed recruitment strategies leading to an incoming class wait list for fourteen consecutive years. Prior to her employment at DSHA, Bartel held several positions at Alverno College (Milwaukee, Wisconsin) (1986-1997) with the most recent being Vice President of Institutional Advancement (1994-1997).

Kristine A. Rappé of Milwaukee currently serves as special advisor to the Wisconsin Energy Foundation (Milwaukee, Wisconsin) following a 30-year career with Wisconsin Energy Corporation. In her roles at Wisconsin Energy Corporation as Vice President of Customer Services (1994-2001), Vice President and Corporate Secretary (2001-2004) and Senior Vice President and Chief Administrative Officer (2004-2012), Rappé had responsibility for shared services including information technology, human resources, supply chain management, business continuity/corporate security, and the WEC Foundation. Rappé currently serves on the Marquette University Board of Trustees, the boards of Froedtert Memorial Lutheran Hospital and PAVE (Partners Advancing Values in Education), and is chair of the board of the Boys & Girls Clubs of Greater Milwaukee. She previously served on the boards of State Financial Services Corporation and Integrity Mutual Insurance Corporation.

WaterStone Bank was established in 1921. Current members of WaterStone's Board of Directors include: Patrick S. Lawton, Michael L. Hansen, Stephen J. Schmidt, Thomas E. Dalum, and Douglas S. Gordon. Branch offices are located in Wauwatosa, Franklin/Hales Corners, Germantown/Menomonee Falls, Oak Creek, Oconomowoc/Lake Country, Pewaukee, Waukesha/Brookfield, and West Allis.




About Waterstone Financial, Inc.

Waterstone Financial, Inc. (NASDAQ: WSBF) is a single-bank, thrift holding company headquartered in Wauwatosa, WI.  With $1.63 billion in assets at March 31, 2013, Waterstone has eight community bank branches in the metropolitan Milwaukee market and mortgage banking offices in eleven states around the country.  Additional financial detail related to WaterStone Bank, SSB can be found on the FDIC web site (www.fdic.gov) under the "Industry Analysis" tab.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements include, without limitation, statements regarding expected financial and operating activities and results that are preceded by, followed by, or that include words such as "may," "expects," "anticipates," "estimates" or "believes."  Such statements are subject to important factors that could cause actual results to differ materially from those anticipated by the forward-looking statements.  These factors include (i) exposure to the deterioration in the commercial and residential real estate markets which could result in increased charge-offs and increases in the allowance for loan losses,  (ii) various other factors, including changes in economic conditions affecting borrowers, new information regarding outstanding loans and identification of additional problem loans, which could require an increase in  the allowance for loan losses, (iii) Waterstone's ability to maintain required levels of capital and other current and future regulatory requirements, (iv) the impact of recent and future legislative initiatives on the financial markets, and (v) those factors referenced in Item 1A. Risk Factors in Waterstone's Annual Report on Form 10-K for the year ended December 31, 2012 and as may be described from time to time in Waterstone's subsequent SEC filings, which factors are incorporated herein by reference.  Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect only Waterstone's belief as of the date of this press release.