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):  February 9, 2016

POAGE BANKSHARES, INC.
(Exact Name of Registrant as Specified in Charter)

Maryland
  
001-35295
  
45-3204393
(State or Other Jurisdiction
of Incorporation)
  
(Commission File No.)
  
(I.R.S. Employer
Identification No.)

1500 Carter Avenue, Ashland, Kentucky
  
41101
(Address of Principal Executive Offices)
  
(Zip Code)

Registrant's 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):

¨
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 February 9, 2016, Poage Bankshares, Inc. (the “Company”) issued a press release reporting the untimely passing of Thomas P. Carver II, Chairman of the Board of the Company and its wholly-owned subsidiary, Town Square Bank (the “Bank”).  A copy of the press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.

The Company and the Bank intend to reduce the size of their respective Board of Directors to eliminate the vacancy created by the passing of Mr. Carver.

Item 9.01.     Financial Statements and Exhibits.

(d)   
   Exhibits:
  
     
 
   99.1
Press Release dated February 9, 2016





 
 
 
 

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.

   
POAGE BANKSHARES, INC.
     
     
Date:  February 9, 2016
By: 
/s/ Bruce VanHorn                                                                                       
   
Bruce VanHorn
   
President and Chief Executive Officer


 
 
 



Exhibit 99.1

 
FOR IMMEDIATE RELEASE
Contact:
Bruce VanHorn
 
(606) 324-7196

POAGE BANKSHARES, INC. REPORTS PASSING OF CHAIRMAN OF THE BOARD OF DIRECTORS

Ashland, Kentucky – February 9, 2016.  Poage Bankshares, Inc. (NASDAQ: PBSK) (the “Company”), the holding company for Town Square Bank (“Town Square”), today reports the untimely passing of Thomas P. Carver, Chairman of the Boards of Directors of both the Company and Town Square.

“It is with a heavy heart that we report the passing of our Chairman and dear friend Thomas P. Carver,” stated Bruce VanHorn, President and Chief Executive Officer of the Company.  “Tom had served as a valuable member of the board for the past 10 years and he became Chairman in December of 2014.  Tom’s focal points as a director were our stockholders, the community and our employees.  His many years of being in business provided insight and direction to our board room and his presence will be sadly missed.  Tom had a very direct but honest approach to business and in my short time that I had the privilege of working with him, I learned a great deal and I will always cherish the time I had with him.  Our thoughts and prayers are with his wife Jenny and their family.”

Tom Burnette, the current Vice Chairman of the Board of Directors, will serve as acting Chairman of the Boards of Directors of the Company and Town Square.

Poage Bankshares, Inc. is the holding company for Town Square Bank.  Originally chartered in 1889 under the name “Home Federal Savings and Loan Association,” Town Square Bank is headquartered in Ashland, Kentucky, and conducts its operations from 9 full-service banking offices located in Ashland, Flatwoods, South Shore, Louisa, Greenup, Nicholasville, Cannonsburg, Catlettsburg, and Mt. Sterling, Kentucky.

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