Current Report Filing (8-k)
17 Januar 2013 - 5:20PM
Edgar (US Regulatory)
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): January 15, 2013
POAGE
BANKSHARES, INC.
(Exact Name of Registrant as Specified in Charter)
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Maryland
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001-35295
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45-3204393
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(State or Other Jurisdiction
of Incorporation)
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(Commission
File No.)
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(I.R.S. Employer
Identification No.)
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1500 Carter Avenue, Ashland, Kentucky
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41101
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrants telephone number, including area code:
(606) 324-7196
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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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On
January 15, 2013, the Board of Directors of Poage Bankshares, Inc. (the Company) declared a quarterly cash dividend of $0.04 per share of the Companys common stock. The dividend will be paid on or about February 15, 2013,
to stockholders of record as of the close of business on January 31, 2013.
Also on January 15, 2013, the Board of
Directors of the Company approved an amendment to the Companys qualified defined benefit pension plan to freeze the current benefit formula as of January 31, 2013. As a result, final average pay formulas will not reflect future salary
increases and benefit service after January 31, 2013. For the fiscal year ended September 30, 2012, the Company made a required contribution of $569,618 to the qualified defined benefit pension plan.
The Board also approved amendments to the Companys 401(k) Plan to expand the 401(k) Plan matching contribution to all participants,
and change the Companys matching contribution from a discretionary contribution to a mandatory matching contribution.
It is expected that the overall impact of the amendments to the qualified defined benefit pension plan and 401(k) Plan will be to both
(i) reduce the Companys total retirement plan expenses, and (ii) increase the predictability of the Companys total retirement plan expenses, although such expectations are based on assumptions and other factors which may not
come to pass.
Forward-Looking Statements
All statements other than statements of historical facts included in this Current Report on Form 8-K are forward-looking statements that are subject to uncertainties that could cause actual results and
achievements to differ materially from those expressed in such statements. These uncertainties are in some instances beyond our control. Words such as expect, will and other similar expressions identify forward-looking
statements, although not all forward-looking statements contain these identifying words. The forward-looking statements contained herein are qualified in their entirety by reference to the risk factors included in Part 1, Item 1A Risk Factors
and other statements in the Companys Annual Report on Form 10-K for the fiscal year ended September 30, 2012 as filed with the Securities and Exchange Commission.
Item 9.01
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Financial Statements and Exhibits
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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.
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POAGE BANKSHARES, INC.
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DATE: January 17, 2013
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By:
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/s/ Ralph E. Coffman, Jr.
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Ralph E. Coffman, Jr.
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President and Chief Executive Officer
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