0001375320-14-000012.txt : 20140911 0001375320-14-000012.hdr.sgml : 20140911 20140911163855 ACCESSION NUMBER: 0001375320-14-000012 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140911 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140911 DATE AS OF CHANGE: 20140911 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hampden Bancorp, Inc. CENTRAL INDEX KEY: 0001375320 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036] IRS NUMBER: 205714154 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33144 FILM NUMBER: 141098499 BUSINESS ADDRESS: STREET 1: 19 HARRISON AVENUE CITY: SPRINGFIELD STATE: MA ZIP: 01102 BUSINESS PHONE: 413-736-1812 MAIL ADDRESS: STREET 1: 19 HARRISON AVENUE CITY: SPRINGFIELD STATE: MA ZIP: 01102 8-K 1 a8-kbuyback091014.htm 8-K 8-K Buyback 091014


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):  September 11, 2014
 
Hampden Bancorp, Inc.
(Exact name of registrant as specified in its charter)
Delaware
 
001-33144
 
20-5714154
(State or other
 
(Commission
 
(IRS Employer
jurisdiction of incorporation)
 
File Number)
 
Identification No.)
 
19 Harrison Avenue, Springfield, Massachusetts 01102
(Address of principal executive offices)   (Zip Code)
 
Registrant’s telephone number, including area code:  (413) 736-1812
 
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 (see General Instruction A.2. below):
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
On September 11, 2014, Hampden Bancorp, Inc. (the “Company”), the holding company for Hampden Bank, issued a press release announcing the completion of the Company’s previously announced Seventh Stock Repurchase Program (the “Seventh Program”) and the commencement of the Company’s previously announced Eighth Stock Repurchase Program (the “Eighth Program”) for the purchase of up to 275,525 shares. Under the Seventh Program, which was approved by the Company’s Board of Directors on August 7, 2012 and commenced on December 13, 2012, a total of 289,106 shares were purchased at a total cost to the Company of approximately $4.6 million, or an average price of $15.74 per share.

Any repurchases under the Eighth Stock Program will be made through open market purchase transactions from time to time. The amount and exact timing of any repurchases will depend on market conditions and other factors, at the discretion of management of the Company, and it is intended that all purchases under the Eighth Program will be completed within twelve months after its commencement. There is no assurance that the Company will repurchase shares during any period. A copy of the press release is attached as Exhibit 99.1 and incorporated herein.

Item 9.01.   Financial Statements and Exhibits.
(d)           The following exhibit is furnished with this report:
Exhibit Number
 
Description
99.1
 
Press Release dated September 11, 2014.
 
















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.
 
Hampden Bancorp, Inc.
 
(Registrant)
 
 
 
Date: September 11, 2014
By:
/s/ Tara G. Corthell
 
 
Tara G. Corthell
 
 
Chief Financial Officer and Treasurer
 















 





EXHIBIT INDEX
Exhibit Number
 
Description
99.1
 
Press Release dated September 11, 2014.





EX-99.1 2 exhibit991buyback091014.htm EXHIBIT EXHIBIT 99.1 Buyback 091014


EXHIBIT 99.1

HAMPDEN BANCORP, INC. REPORTS COMPLETION OF SEVENTH STOCK REPURCHASE PROGRAM AND COMMENCEMENT OF EIGHTTH STOCK REPURCHASE PROGRAM

SPRINGFIELD, Mass. September 11, 2014. Hampden Bancorp, Inc. (the “Company”) (NASDAQ - HBNK), which is the holding company for Hampden Bank (the “Bank”), announced today the completion of the Company’s Seventh Stock Repurchase Program (the “Seventh Program”) on September 10, 2014. The Seventh Program was approved by the Company’s Board of Directors on August 7, 2012 and commenced on December 13, 2012. Under the Seventh Program, a total of 289,106 shares, or approximately 5% of the Company’s then outstanding common shares, were purchased at a total cost to the Company of approximately $4.6 million, or an average of $15.74 per share.
With the completion of the Seventh Program, the Company’s previously announced Eighth Stock Repurchase Program (the “Eighth Program”) commenced. The Eighth Program was approved by the Company’s Board of Directors on June 7, 2013 for the repurchase of up to 275,525 shares, or approximately 5% of the Company’s then outstanding common stock. Any repurchases under the Eighth Stock Program will be made through open market purchase transactions from time to time. The amount and exact timing of any repurchases will depend on market conditions and other factors, at the discretion of management of the Company, and it is intended that all purchases under the Eighth Program will be completed within twelve months after its commencement. There is no assurance that the Company will repurchase shares during any period.
ABOUT HAMPDEN BANCORP, INC.
Hampden Bancorp, Inc. (NASDAQ: HBNK) is the holding company of Hampden Bank. Established in 1852, Hampden Bank is a full service community bank serving the families and businesses in and around Hampden County. The Bank has ten office locations in Springfield, Agawam, Longmeadow, West Springfield, Wilbraham, and Indian Orchard. Hampden Bank offers customers the latest in internet banking, including on-line banking and bill payment services.
FORWARD-LOOKING STATEMENTS
Certain statements herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and expectations of management, as well as the assumptions made using information currently available to management. Because these statements reflect the views of management concerning future events, these statements involve risks, uncertainties and assumptions. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like “believe”, “expect”, “anticipate”, “estimate”, and “intend” or future or conditional verbs such as “will”, “would”, “should”, “could”, or “may.” The Company's actual results could differ materially from those projected in the forward-looking statements as a result of, among other factors, increased competitive pressure among financial service companies; changes in local, regional, national and regional economic conditions; changes in interest rates; changes in consumer spending, borrowing and savings habits; legislative and regulatory changes; adverse changes in the capital markets; the inability of key third-party providers to perform their obligations to the Company; changes in relevant accounting principles and guidelines; and the other risks and uncertainties described in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”), as updated by the Company's Quarterly Reports on Form 10-Q and other filings submitted to the SEC, which are available through the SEC’s website at www.sec.gov. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. The Company disclaims any intent or obligation to update any forward-looking statements, whether in response to new information, future events or otherwise.

Contact
Hampden Bancorp, Inc.
Tara G. Corthell, 413-452-5150
Chief Financial Officer and Treasurer
tcorthell@hampdenbank.com