0000909654-15-000027.txt : 20150312 0000909654-15-000027.hdr.sgml : 20150312 20150312164241 ACCESSION NUMBER: 0000909654-15-000027 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150312 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150312 DATE AS OF CHANGE: 20150312 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SI Financial Group, Inc. CENTRAL INDEX KEY: 0001500213 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 800643149 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-54241 FILM NUMBER: 15696431 BUSINESS ADDRESS: STREET 1: 803 MAIN STREET CITY: WILLIMANTIC STATE: CT ZIP: 06226 BUSINESS PHONE: 860-423-4581 MAIL ADDRESS: STREET 1: 803 MAIN STREET CITY: WILLIMANTIC STATE: CT ZIP: 06226 8-K 1 sifinancial8kmarch12-15.htm CURRENT REPORT sifinancial8kmarch12-15.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):  March 12, 2015

SI FINANCIAL GROUP, INC.
(Exact name of registrant as specified in its charter)

Maryland
0-54241
80-0643149
(State or other jurisdiction
of incorporation or organization)
(Commission File Number)
(IRS Employer
Identification No.)
 
803 Main Street, Willimantic, Connecticut 06226
(Address of principal executive offices, including zip code)
 
(860) 423-4581
(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
Results of Operations and Financial Condition.

On March 12, 2015, SI Financial Group, Inc. (the “Company”), the holding company for Savings Institute Bank and Trust Company, issued a press release announcing that the Board of Directors had approved a stock repurchase program authorizing the Company to repurchase up to 630,000 shares of common stock approximating 5% of the Company’s outstanding shares.  For more information, reference is made to the Company’s press release dated March 12, 2015, a copy of which is attached to this Report as Exhibit 99.1 and is furnished herewith.

Item 9.01
Financial Statements and Exhibits.

(a)           Financial Statements of Businesses Acquired:  Not applicable

(b)           Pro Forma Financial Information:  Not applicable

 
(c)
Shell Company Transactions: Not applicable

 
(d)
Exhibits

 
Number
Description

 
99.1
Press Release Dated March 12, 2015
 
 
 
 
 

 
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 thereunto duly authorized.

 
SI FINANCIAL GROUP, INC.
  
       
Date:  March 12, 2015
By:
/s/ Brian J. Hull  
    Brian J. Hull  
    Executive Vice President and Chief Financial Officer  
       

EX-99.1 2 sifinancial8kmarch12ex99.htm sifinancial8kmarch12ex99.htm
FOR IMMEDIATE RELEASE
 

SI FINANCIAL GROUP, INC.
TO INITIATE STOCK REPURCHASE PROGRAM

March 12, 2015, Willimantic, Connecticut — SI Financial Group, Inc., (the “Company”) (Nasdaq: SIFI), the holding company for Savings Institute Bank and Trust Company, announced today that it has authorized a stock repurchase program to acquire up to 630,000 shares or approximately 5% of the Company’s outstanding common stock.  Repurchases will be conducted through open market purchases, which may include purchases under a trading plan adopted pursuant to Securities and Exchange Commission Rule 10b5-1, or through privately negotiated transactions.  Repurchases will be made from time to time depending on market conditions and other factors.  There is no guarantee as to the exact number of shares to be repurchased by the Company.
 
About SI Financial Group, Inc.

SI Financial Group, Inc. is the holding company for Savings Institute Bank and Trust Company. Established in 1842, the Savings Institute Bank and Trust Company is a community-oriented financial institution headquartered in Willimantic, Connecticut. Through its twenty-six branch locations, the Bank offers a full-range of financial services to individuals, businesses and municipalities within its market area.

Contact Information

Rheo A. Brouillard
President and Chief Executive Officer
(860) 423-4581