Lake Shore Bancorp 8-K 2013
Date of report (Date of earliest event reported): July 24, 2013
LAKE SHORE BANCORP, inc.
31 East Fourth Street, Dunkirk, NY 14048
(Address of principal executive offices) (Zip Code)
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.
The Company’s Board of Directors on July 24, 2013 declared a quarterly cash dividend of $0.07 per share on its outstanding common stock. The dividend is payable on August 20, 2013 to shareholders of record as of August 6, 2013.
Lake Shore, MHC (the “MHC”), which holds 3,636,875, or 61.4%, of the Company’s total outstanding stock, has elected to waive receipt of the dividend on its shares.
As the Company has previously disclosed, the MHC received the approval of its members (depositors of Lake Shore Savings Bank) and the non-objection of the Federal Reserve Bank of Philadelphia to waive the MHC’s receipt of cash dividends on its common stock up to $0.28 per share during the 12 month period ending February 26, 2014.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: July 24, 2013