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)
|
August 15, 2018
|
Prudential Bancorp, Inc.
|
|
(Exact name of registrant as specified in its charter)
|
Pennsylvania
|
000-55084
|
46-2935427
|
(State or other jurisdiction
|
(Commission File Number)
|
(IRS Employer
|
of incorporation)
|
Identification No.)
|
1834 West Oregon Avenue, Philadelphia, Pennsylvania
|
19145
|
||||
(Address of principal executive offices)
|
(Zip Code)
|
Registrant's telephone number, including area code
|
(215) 755-1500
|
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 5.02
|
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
|
Item 7.01
|
Regulation FD Disclosure |
Item
|
9.01
|
Financial Statements and Exhibits
|
(a)
|
Not applicable.
|
|
(b)
|
Not applicable.
|
|
(c)
|
Not applicable.
|
(d)
|
The following exhibits are included with this Report:
|
|
Exhibit No. |
Description
|
|
|
10.1 |
Amendment No. 2 dated August 15, 2018 to the Employment Agreement by and between Prudential Bancorp, Inc., Prudential Bank and Anthony V. Migliorino dated December 19, 2016, as amended November 17, 2017
|
|
|
99.1 |
Press release announcing declaration of quarterly and special cash dividends, dated August 15, 2018
|
PRUDENTIAL BANCORP, INC.
|
|||
By:
|
/s/Jack E. Rothkopf | ||
Name:
|
Jack E. Rothkopf
|
||
Title:
|
Senior Vice President, Chief Financial Officer and
Treasurer
|
||
Date: August 15, 2018
|
(i)
|
the aggregate payments or benefits to be made or afforded to the Executive pursuant to this Agreement, together with other payments and benefits which the Executive has a right to receive from the Employers which are deemed to be parachute payments as defined in Section 280G of the Code, or any successor thereof (the "Severance Benefits"), would be deemed to include an "excess parachute payment" under Section 280G of the Code; and
|
(ii)
|
if such Severance Benefits were reduced to an amount (the "Non-Triggering Amount"), the value of which is one dollar ($1.00) less than an amount equal to three (3) times the Executive's "base amount," as determined in accordance with said Section 280G and the Non-Triggering Amount less the product of the Tax Rate and the Non-Triggering Amount would be greater than the aggregate value of the Severance Benefits (without such reduction) minus (i) the amount of tax required to be paid by the Executive thereon by Section 4999 of the Code and further minus (ii) the product of the Severance Benefits and the Tax Rate,
|
ATTEST:
|
PRUDENTIAL BANCORP, INC.
|
||||||
By:
|
/s/Sharon Slater
|
By: |
/s/Bruce E. Miller
|
||||
Name:
|
Sharon Slater
|
Name:
|
Bruce E. Miller
|
||||
Title:
|
Corporate Secretary
|
Title:
|
Chairman of the Board
|
||||
PRUDENTIAL BANK
|
|||||||
By:
|
/s/Sharon Slater
|
By:
|
/s/Bruce E. Miller
|
||||
Name:
|
Sharon Slater
|
Name:
|
Bruce E. Miller
|
||||
Title:
|
Corporate Secretary
|
Title:
|
Chairman of the Board
|
||||
EXECUTIVE
|
|||||||
By:
|
/s/Anthony V. Migliorino
|
||||||
Anthony V. Migliorino
|