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Section 1: 8-K (FORM 8-K ESSA BANCORP, INC. JUNE 26, 2018)


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): June 26, 2018

ESSA Bancorp, Inc.
(Exact Name of Registrant as Specified in its Charter)

Pennsylvania
001-33384
20-8023072
(State or Other Jurisdiction)
(Commission File No.)
(I.R.S. Employer
of Incorporation)
 
Identification No.)
     
200 Palmer Street, Stroudsburg, Pennsylvania
 
18360
(Address of Principal Executive Offices)
 
(Zip Code)

Registrant's telephone number, including area code: (570) 421-0531

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 


Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensation Arrangements of Certain Officers.

(d) On June 26, 2018, ESSA Bancorp, Inc. (the "Company") increased the size of its Board of Directors to eleven members and appointed Philip H. Hosbach, IV as a director. Mr. Hosbach was also appointed to the Board of Directors of ESSA Bank & Trust, the wholly owned subsidiary of the Company (the "Bank"). Mr. Hosbach previously served on the Boards of Directors of the Company and the Bank from July 2014 to October 2016, at which time he resigned due to his relocation overseas for professional reasons. No determination has been made as to any board committee to which Mr. Hosbach may be appointed. There have been no transactions since the beginning of the Company's last fiscal year, nor any currently proposed transaction, between the Company (or the Bank) and Mr. Hosbach of a nature reportable pursuant to Section 404(a) of SEC Regulation S-K.

A copy of the press release dated July 2, 2018 announcing the appointment of Mr. Hosbach as a director is attached as Exhibit 99.1.

Item 9.01    Financial Statements and Exhibits.

(a)
Financial Statements of Businesses Acquired.  Not applicable.
(b)
Pro Forma Financial Information.  Not applicable.
(c)
Shell Company Transactions.  Not applicable.
(d)    Exhibits.

Exhibit No.       Description

99.1






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.
 


   
 ESSA BANCORP, INC.
 
 
DATE:  July 2, 2018
By:  
 /s/ Gary S. Olson 
   
Gary S. Olson, President and
   
Chief Executive Officer

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Section 2: EX-99.1 (PRESS RELEASE ISSUED BY THE COMPANY ON JULY 2, 2018 ANNOUNCING THE APPOINTMENT OF MR. HOSBACH AS A DIRECTOR.)

 
EXHIBIT 99.1
 

 


 
 
FOR IMMEDIATE RELEASE

ESSA Bancorp, Inc. Adding New Board Member

Stroudsburg, PA (July 2, 2018) — ESSA Bancorp, Inc. (NASDAQ: ESSA), the holding company for ESSA Bank & Trust, a $1.8 billion asset institution providing full-service commercial and retail banking, financial, and investment services, today announced the re-appointment of Philip H. Hosbach, IV to its board of directors.

Hosbach will rejoin the board following his initial term from 2014-2016. Mr. Hosbach resigned as a director of ESSA and ESSA Bank & Trust in 2016 following his acceptance of a career assignment overseas.  This increases the size of ESSA's board to 11 directors.

Hosbach recently retired from Sanofi Pasteur as Vice President, Global Public Affairs for Vaccines where he was based in Lyon, France. His prior roles in the U.S. included Vice President, New Products and Immunization Policy and Vice President, Global Vaccine Public Affairs for the Swiftwater, Pennsylvania-based multi-billion dollar global healthcare company. He was also a member of Sanofi Pasteur's board of directors and a member of the company's executive committee.

Hosbach is a respected senior leader with over 31 years of experience, holding executive positions in clinical research, research and development, advocacy, government relations, and commercial operations, including marketing and sales. His interdisciplinary expertise ranges in public affairs, global corporate governance, public policy, and U.S. federal and state government relations.

"We are pleased to welcome Phil back to our organization, bringing with him a wealth of business leadership and philanthropic experience," said Gary S. Olson, President and CEO of ESSA Bancorp. "As a longtime Eastern Pennsylvania resident Phil knows the market that ESSA serves and will help further our position as a leading service-oriented community financial institution in the region."

Mr. Hosbach had been previously appointed by the U.S. Assistant Secretary of Health to the National Vaccine Advisory Committee (NVAC) for a term that ran from October 2012 through February 2017 where his work was widely published and cited.

Hosbach was also a director at Pocono Health System and Pocono Medical Center from 2001 to 2014 where he served on the governance committee and chaired the compensation committee and quality committees. His leadership was instrumental in the development of the Dale and Frances Hughes Cancer Center, a state-of-the-art center with world-class technology, protocols, physicians and staff that opened in 2013.

He holds a bachelor's degree in biology from Lafayette College in Easton, Pennsylvania.

About the Company
ESSA Bancorp, Inc. is the holding company for its wholly owned subsidiary, ESSA Bank & Trust, which was formed in 1916. Headquartered in Stroudsburg, Pennsylvania, the company has total assets of $1.8 billion and has 22 community offices and two regional offices throughout the Greater Pocono, Lehigh Valley, Scranton/Wilkes-Barre, and suburban Philadelphia areas. ESSA Bank & Trust offers a full range of commercial and retail financial services, financial advisory, and asset management capabilities. ESSA Bancorp Inc. stock trades on the NASDAQ Global Market (SM) under the symbol "ESSA."






MEDIA CONTACT

Jim Gillen, VP Chief Marketing Officer
ESSA Bank & Trust
Corporate Center
200 Palmer Street
Stroudsburg, PA  18360
570-421-0531
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