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WAYN > SEC Filings for WAYN > Form 8-K on 30-Sep-2013All Recent SEC Filings




Regulation FD Disclosure, Other Events

Item 7.01 Regulation FD Disclosure

On September 30, 2013, Wayne Savings Bancshares, Inc. (the "Company") issued a press release announcing a cash dividend of $.08 per share on the Company's common stock for the quarter ending September 30, 2013, and announcing that its Board of Directors had adopted a new stock repurchase program. The new stock repurchase program authorizes the Company to repurchase up to 72,150 shares of the Company's common stock. The shares authorized for repurchase under the program equate to approximately 2.5% of the Company's issued and outstanding shares of common stock. This new stock repurchase program is in addition to a program authorized in June, 2012 of which 32,092 shares are remaining to be repurchased. As of September 30, 2013, the Company had approximately 2,885,999 shares of common stock outstanding. The stock repurchase program may be limited or terminated at any time without prior notice. Under the stock repurchase program, the Company may acquire shares of its common stock in the open market or in any private transaction, from time-to-time and in accordance with applicable laws, rules and regulations. A copy of the press release dated September 30, 2013 is attached as Exhibit 99.1 to this report. The press release is being furnished to the SEC and shall not be deemed to be "filed" for any purpose.

Item 8.01 Other Events

On September 26, 2013, the Board of Directors of the Company adopted Director Stock Ownership Guidelines consistent with emerging corporate governance trends to more closely align the directors' personal financial interests with the interests of stockholders. A copy of the Director Stock Ownership Guidelines is included on the Company's web site at, under the Investor Relations tab (Governance Documents).

Item 9.01(d) Exhibits

Exhibit Number Description

3.2.1 Bylaws of Wayne Savings Bancshares, Inc., Article II, section 11

99.1 Press Release Dated September 30, 2013 concerning the declaration of a quarterly cash dividend and the adoption of a new stock repurchase program.

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