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ISBC > SEC Filings for ISBC > Form 8-K on 18-Mar-2014All Recent SEC Filings

Show all filings for INVESTORS BANCORP INC



Entry into a Material Definitive Agreement, Other Events, Financial Stateme

Item 1.01 Entry Into a Material Definitive Agreement

On March 13, 2014, Investors Bancorp Inc., a Delaware corporation (the "Company"), New Investors Bancorp, Inc., a Delaware corporation ("New Investors Bancorp"), Investors Bancorp, MHC and Investors Bank (collectively, "Investors") entered into an Agency Agreement with Keefe, Bruyette & Woods, Inc. ("KBW"), in connection with the second step conversion of Investors Bancorp, MHC and the related stock offering by New Investors Bancorp. KBW will act as selling and conversion agent during the subscription offering and as a joint book-running manager in any underwritten offering.

For these services, KBW will receive a fee of 0.625% on the aggregate dollar amount of common stock sold in the subscription offering. No fee will be payable with respect to shares purchased by officers, directors, employees (or their immediate families) of Investors, shares purchased by Investors' tax-qualified and non-qualified employee benefit plans and shares issued to the Investors Charitable Foundation. No sales fee will be payable with respect to the shares issued in the exchange for shares owned by stockholders of the Company.

In any firm commitment underwritten offering by New Investors Bancorp, the underwriting discount will not exceed 3.6% of the aggregate amount of common stock sold in the firm commitment underwritten offering to the joint book-running managers, and any other broker-dealers included in the firm commitment underwritten offering. All fees payable with respect to a firm commitment underwritten offering will be in addition to fees payable with respect to the subscription offering.

The shares of common stock are being offered pursuant to a Registration Statement on Form S-1 (Registration No. 333-192966) filed by New Investors Bancorp under the Securities Act of 1933, as amended, and a related prospectus dated March 13, 2014.

The foregoing description of the terms of the Agency Agreement is qualified in its entirety by references to the Agency Agreement, which is filed as Exhibit 1.1 hereto and incorporated by reference herein.

Item 8.01 Other Events

On March 14, 2014, the Company and New Investors Bancorp announced that the registration statement relating to the sale of common stock of New Investors Bancorp had been declared effective by the Securities and Exchange Commission on March 13, 2014 and that offering materials will be mailed to depositors and certain former depositors eligible to purchase shares in the subscription offering, and proxy solicitation materials will be mailed to depositors and stockholders, on or before March 21, 2014.

A copy of the press release dated March 14, 2014, is filed as Exhibit 99.1 hereto and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description

1.1         Agency Agreement dated March 13, 2014, by and among
            Investors Bancorp Inc., New Investors Bancorp, Inc.,
            Investors Bank and Investors Bancorp, MHC and Keefe,
            Bruyette & Woods, Inc.

99.1        Press Release dated March 14, 2014

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