0001609065-15-000038.txt : 20150928 0001609065-15-000038.hdr.sgml : 20150928 20150928162750 ACCESSION NUMBER: 0001609065-15-000038 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150925 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150928 DATE AS OF CHANGE: 20150928 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Pathfinder Bancorp, Inc. CENTRAL INDEX KEY: 0001609065 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 161540137 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36695 FILM NUMBER: 151127739 BUSINESS ADDRESS: STREET 1: 214 WEST FIRST STREET CITY: OSWEGO STATE: NY ZIP: 13126 BUSINESS PHONE: (315) 343-0057 MAIL ADDRESS: STREET 1: 214 WEST FIRST STREET CITY: OSWEGO STATE: NY ZIP: 13126 8-K 1 form8k.htm 2015 3RD QUARTER DIVIDEND DECLARATION
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 24, 2015


PATHFINDER BANCORP, INC.
(Exact name of Registrant as specified in its charter)

Commission File Number

001-36695

Maryland
38-3941859
(State or Other Jurisdiction of
Incorporation or Organization)
(I.R.S. Employer Identification Number)

214 West First Street, Oswego, NY 13126
(Address of Principal Executive Office) (Zip Code)

(315) 343-0057
(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 September 24, 2015, the Company announced that its Board of Directors declared a quarterly cash dividend of $.05 per common share, payable on November 3, 2015 to shareholders of record on October 14, 2015. The Board of Directors of Pathfinder Bancorp, Inc., is committed to enhancing shareholder value and considers a cash dividend to be an important attribute for meeting this objective.  The Board's decision to increase the quarterly cash dividend by $0.02 per share was a result of the continued strong performance of the Company through June 30, 2015. Furthermore, the Board anticipates continuing to pay a quarterly cash dividend, subject to a number of factors, which include the ongoing financial condition of the Company and the Bank, any applicable legal and regulatory restrictions on the payment of dividends, as well as the availability of organic and acquisition-related growth opportunities for the Company. Future dividend declarations will consider these factors.

 

Item 9.01 – Financial Statements and Exhibits

Exhibit No.                             Description
99.1                             Press Release dated September 24, 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, hereunto duly authorized.

                                                                                             PATHFINDER BANCORP, INC.

Date September 25, 2015
By: /s/ Thomas W. Schneider
 
Thomas W. Schneider
 
President and Chief Executive Officer
   
   



 
 EX-99.1 2 ex99.htm PRESS RELEASE
 
 
EXHIBIT 99.1


News Release:


CONTACT:  Thomas W. Schneider, President & CEO, (315) 343-0057

Pathfinder Bancorp, Inc. Declares Dividend

OSWEGO, New York (September 25, 2015) - Thomas W. Schneider, President/CEO of Pathfinder Bancorp, Inc., the bank holding company of Pathfinder Bank, (NASDAQ: PBHC) (listing: PathBcp) has announced that the Company has declared a cash dividend of $.05 per share on the Company's common stock relating to the fiscal quarter ending September 30, 2015. The dividend will be payable to all shareholders of record on October 14, 2015 and will be paid on November 3, 2015.
 
 
About Pathfinder Bancorp, Inc.
Pathfinder Bancorp, Inc. is the bank holding company of Pathfinder Bank, a New York chartered savings bank headquartered in Oswego, New York. The Bank has nine full service offices located in its market areas consisting of Oswego and Onondaga County. Presently, the only business conducted by Pathfinder Bancorp, Inc. is the 100% ownership of Pathfinder Bank and Pathfinder Statutory Trust I.

This release may contain certain forward-looking statements, which are based on management's current expectations regarding economic, legislative, and regulatory issues that may impact the Company's earnings in future periods. Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, real estate values, and competition; changes in accounting principles, policies, or guidelines; changes in legislation or regulation; and economic, competitive, governmental, regulatory, and technological factors affecting the Company's operations, pricing, products, and services.