0000943374-12-000660.txt : 20121211 0000943374-12-000660.hdr.sgml : 20121211 20121211170916 ACCESSION NUMBER: 0000943374-12-000660 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20121210 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20121211 DATE AS OF CHANGE: 20121211 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wolverine Bancorp, Inc. CENTRAL INDEX KEY: 0001500836 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036] IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35034 FILM NUMBER: 121257048 BUSINESS ADDRESS: STREET 1: 5710 EASTMAN AVE CITY: MIDLAND STATE: MI ZIP: 48640 BUSINESS PHONE: (989) 631-4280 MAIL ADDRESS: STREET 1: 5710 EASTMAN AVE CITY: MIDLAND STATE: MI ZIP: 48640 8-K 1 wolverineform8kdec11-12.htm WOLVERINE BANCORP, INC. wolverineform8kdec11-12.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): December 10, 2012

WOLVERINE BANCORP, INC.
(Exact Name of Registrant as Specified in Charter)

Maryland
 
001-35034
 
27-39390161
(State or Other Jurisdiction
Identification No.)
 
(Commission File No.)
 
(I.R.S. Employer
of Incorporation)


5710 Eastman Avenue, Midland, Michigan
 
48640
(Address of Principal Executive Offices)
 
(Zip Code)


Registrant's telephone number, including area code:  (989) 631-4280


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 (see General Instruction A.2. below):

[  ]
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 December 10, 2012, the Board of Directors of Wolverine Bancorp, Inc. (the “Company”) declared a special cash dividend on the Company’s common stock of $1.00 per share. The dividend will be payable to stockholders of record as of December 21, 2012 and is expected to be paid on or about December 28, 2012.
 
On December 10, 2012, the Board of Directors of the Company announced the authorization of a stock repurchase program pursuant to which the Company intends to repurchase up to 5% of its issued and outstanding shares, or up to approximately 122,954 shares. The authorization of this stock repurchase program follows the near completion of the Company’s 5% repurchase program that was previously announced in February 2012, pursuant to which the Company has repurchased 123,641 shares of its common stock.
 
A copy of the press release dated December 11, 2012 giving details associated with the special dividend and the stock repurchase program is attached as Exhibit 99 to this report.


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.
 
Exhibit No.      Description
 
 
                               99                               Press Release, dated December 11, 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.

   
WOLVERINE BANCORP, INC.
 
 
 
DATE: December 11, 2012
By: 
/s/ David H. Dunn                  
   
David H. Dunn
President and Chief Executive Officer






EX-99 2 wolverineexb99dec11-12.htm PRESS RELEASE wolverineexb99dec11-12.htm

PRESS RELEASE


FOR IMMEDIATE RELEASE
Contact:   David H. Dunn
President and Chief Executive Officer
(989) 631-4280

Wolverine Bancorp, Inc. Announces a Special Dividend Payment to Stockholders and Expansion of Stock Repurchase Plan
 
Midland, Michigan, December 11, 2012. Wolverine Bancorp, Inc. (the “Company”) (Nasdaq: WBKC), the holding company for Wolverine Bank, announced today that its Board of Directors has declared a special cash dividend of $1.00 per share on the Company’s common stock.  The dividend will be payable to stockholders of record as of December 21, 2012, and is expected to be paid on or about December 28, 2012.
 
The Company also announced that the Board of Directors has authorized a stock repurchase program pursuant to which the Company intends to repurchase up to 5% of its issued and outstanding shares, or up to approximately 122,954 shares.  The authorization of this repurchase program follows the near completion by the Company of its initial repurchase program, previously announced in February 2012, pursuant to which the Company has repurchased 123,641 shares of its common stock.

The timing of the repurchases will depend on certain factors, including but not limited to, market conditions and prices, the Company’s liquidity requirements and alternative uses of capital.  The stock repurchase program may be carried out through open-market purchases, block trades, and in negotiated private transactions from time to time. Any repurchased shares will be available for general corporate purposes.
 
About Wolverine Bancorp, Inc, and Wolverine Bank
 

Wolverine Bancorp, Inc. is the parent company of Wolverine Bank. Wolverine Bank, a federally chartered, FDIC-insured savings bank, was organized in 1933.  The Bank is headquartered in Midland, Michigan and provides financial services to individuals, families and businesses in the Great Lakes Bay Region of Michigan and beyond through three banking offices located in Midland, Michigan, the Midland County Seat, and a banking office and loan center located, respectively, in Frankenmuth and Saginaw, Michigan, located in neighboring Saginaw County.

Certain statements herein constitute “forward-looking statements” and actual results may differ from those contemplated by these statements. 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 verb such as “will,” “would,” “should,” “could” or may.” Certain factors that could cause actual results to differ materially from expected results include changes in the interest rate environment, changes in general economic conditions, legislative and regulatory changes that adversely affect the businesses in which Wolverine Bancorp, Inc. is engaged and changes in the securities market. The Company disclaims any intent or obligation to update any forward-looking statements, whether in response to new information, future events or otherwise.