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Section 1: 8-K (FORM 8-K)

Form 8-K

 

 

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) March 26, 2019

 

 

Malvern Bancorp, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Pennsylvania   000-54835   45-5307782

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

42 E. Lancaster Avenue, Paoli, Pennsylvania   19301
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code (610) 644-9400

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; Compensatory Arrangements of Certain Officers.

(b)

On March 26, 2019, Therese Woodman, a director of Malvern Bancorp, Inc. (the “Company”) and its Malvern Bank, National Association (the “Bank”) subsidiary, formally notified the Company of her decision to retire from the boards of directors of the Company and the Bank effective as of April 1, 2019.

(d)

On April 1, 2019, the Company announced that Jamie Barrett had been appointed to the boards of directors of the Company and the Bank effective April 1, 2019. Mr. Barrett is Managing Director of Acrewood Holdings LLC, an investment firm headquartered in Bryn Mawr, Pennsylvania. Mr. Barrett has nearly 20 years of experience in the financial services industry. Mr. Barrett holds an A.B. degree from Princeton University, and an M.B.A. from the Wharton School at the University of Pennsylvania.

There were no arrangements or understandings between Mr. Barrett and any other persons, pursuant to which Mr. Barrett was selected as a director. No information is required to be disclosed pursuant to Item 404(a) of Regulation S-K. Mr. Barrett will receive the same compensation as the Company’s other non-employee directors as described in the Company’s proxy statement relating to the 2019 annual meeting of shareholders.

A copy of the Company’s press release announcing Mr. Barrett’s appointment and Ms. Woodman’s retirement is filed as Exhibit 99.1 to this Current Report on Form 8-K.

 

Item 9.01.

Financial Statements and Exhibits.

 

  (d)

Exhibits. The following exhibit is filed with this Current Report on Form 8-K:

Exhibit 99.1 – Press Release of the Company, dated April 1, 2019.

 

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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 thereunto duly authorized.

 

    MALVERN BANCORP, INC.
Date: April 1, 2019     By:   /s/ Joseph D. Gangemi
      Joseph D. Gangemi
      Senior Vice President and Chief Financial Officer

 

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Section 2: EX-99.1 (EXHIBIT 99.1)

Exhibit 99.1

Exhibit 99.1

 

LOGO

Investor Relations:

Joseph D. Gangemi

SVP & CFO

(610) 695-3676

Investor Contact:

Ronald Morales

(610) 695-3646

MALVERN BANCORP, INC. APPOINTS JAMIE BARRETT TO ITS BOARD AND

ACKNOWLEDGES BOARD RETIREMENT

PAOLI, Pa., April 1, 2019 (GLOBE NEWSWIRE) — Malvern Bancorp, Inc. (Nasdaq:MLVF), parent company of Malvern Bank, National Association (the “Malvern Bank”), today announced that Jamie Barrett has been appointed to the board of directors of the Company. Mr. Barrett is Managing Director of Acrewood Holdings LLC, an investment firm headquartered in Bryn Mawr, Pennsylvania. He has nearly 20 years of experience in the financial services industry.

Anthony C. Weagley, President and CEO of Malvern Bancorp, Inc. and Malvern Bank, commented, “Jamie is an outstanding addition to Malvern’s board. His background and experience complement our Board’s depth, and his breadth of involvement in financial services and his ties to the mainline community, further enhance the diversity of expertise and perspective available to Malvern’s Board in leading our growing business.”

Mr. Barrett holds an A.B. degree from Princeton University and an M.B.A. from the Wharton School at the University of Pennsylvania.

The Board also acknowledges the retirement of Therese Woodman from the board of directors of Malvern Bancorp and the Bank after 10 years of service. “On behalf of the Bank and the Board of Directors, I would like to thank Ms. Woodman for her dedication and support over the past 10 years and wish her well in her retirement,” stated Mr. Weagley.

About Malvern Bancorp, Inc.

Malvern Bancorp, Inc. is the holding company for Malvern Bank, National Association, a national bank that was originally organized in 1887 as a federally-chartered savings bank. Malvern Bank, National Association now serves as one of the oldest banks headquartered on the Philadelphia Main Line. For more than a century, Malvern Bank has been committed to helping people build prosperous communities as a trusted financial partner, forging lasting relationships through teamwork, respect and integrity.


Malvern Bank conducts business from its headquarters in Paoli, Pennsylvania, a suburb of Philadelphia, and through its nine other banking locations in Chester, Delaware and Bucks counties, Pennsylvania, Palm Beach, Florida, and Morristown, New Jersey, its New Jersey regional headquarters. The Bank also operates a representative office in Montchanin, Delaware and recently announced the opening of a new Private Banking Office in West Chester Pennsylvania. Its primary market niche is providing personalized service to its client base.

Malvern Bank, through its Private Banking division and strategic partnership with Bell Rock Capital in Rehoboth Beach, Delaware, provides personalized wealth management and advisory services to high net worth individuals and families. These services include banking, liquidity management, investment services, 401(k) accounts and planning, custody, tailored lending, wealth planning, trust and fiduciary services, family wealth advisory services and philanthropic advisory services. The Bank offers insurance services though Malvern Insurance Associates, LLC, which provides clients a rich array of financial services, including commercial and personal insurance and commercial and personal lending.

For further information regarding Malvern Bancorp, Inc., please visit our web site at http://ir.malvernbancorp.com. For information regarding Malvern Bank, National Association, please visit our web site at http://www.mymalvernbank.com.

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