Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
PBIP > SEC Filings for PBIP > Form 8-K on 27-Sep-2013All Recent SEC Filings

Show all filings for PRUDENTIAL BANCORP INC OF PENNSYLVANIA

Form 8-K for PRUDENTIAL BANCORP INC OF PENNSYLVANIA


27-Sep-2013

Submission of Matters to a Vote of Security Holders, Other


Item 5.07 Submission of Matters to a Vote of Security Holders

(a) A special meeting of shareholders of Prudential Bancorp, Inc. of Pennsylvania (the "Company"), was held on September 26, 2013.

(b) There were 10,023,495 shares of common stock outstanding and entitled to vote at the special meeting, including 7,478,062 shares of common stock owned by the Prudential Mutual Holding Company (the "MHC"). The matters considered and voted on by the shareholders at the special meeting and the vote of the shareholders were as follows:

1. Proposal to approve a Plan of Conversion and Reorganization and the transactions contemplated thereby pursuant to which, among other things, Prudential Bancorp, Inc., a newly formed Pennsylvania corporation ("Prudential Bancorp-New"), will offer and sell shares of its common stock, and shares of common stock of the Company currently held by shareholders other than the MHC will be exchanged for shares of common stock of Prudential Bancorp-New upon the conversion of Prudential Savings Bank (the "Bank"), the MHC and the Company from the mutual holding company structure to the stock holding company form.

            VOTES "FOR"
  TOTAL     OTHER THAN                            BROKER
  "FOR"         MHC        AGAINST    ABSTAIN    NON-VOTES

9,060,225    1,582,163     49,882      859        28,102

2. Proposal to approve a provision in the articles of incorporation of Prudential Bancorp-New requiring a super-majority shareholder approval for mergers, consolidations and similar transactions, unless they have been approved in advance by at least two-thirds of the board of directors of Prudential Bancorp-New.

                                 BROKER
   FOR      AGAINST   ABSTAIN   NON-VOTES

8,656,847   444,925    9,134     28,102

3. Proposal to approve a provision in the articles of incorporation of Prudential Bancorp-New requiring a super-majority shareholder approval of amendments to certain provisions in the articles of incorporation and bylaws of Prudential Bancorp-New.

                                 BROKER
   FOR      AGAINST   ABSTAIN   NON-VOTES

8,733,091   367,681   10,134     28,102


In connection with the special meeting, the Company also solicited proxies with respect to a proposal to adjourn the special meeting, if necessary, to solicit additional proxies in the event that there were not sufficient votes at the special meeting to approve the Plan of Conversion and Reorganization. The adjournment proposal was withdrawn and not submitted to shareholders at the special meeting because the shareholders of the Company approved the Plan of Conversion and Reorganization by the requisite vote at the special meeting.



Item 8.01 Other Events.

The Plan of Conversion and Reorganization also was approved by the depositors of the Bank at a special meeting thereof held on September 26, 2013.


  Add PBIP to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for PBIP - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.