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TFSL > SEC Filings for TFSL > Form 8-K on 28-Aug-2014All Recent SEC Filings

Show all filings for TFS FINANCIAL CORP

Form 8-K for TFS FINANCIAL CORP


28-Aug-2014

Other Events


Item 8.01 Other Events

On August 28, 2014, the Board of Directors of TFS Financial Corporation (the "Company") declared a cash dividend of $0.07 per share of common stock. The dividend is payable on September 26, 2014 to shareholders of record as of September 12, 2014. A press release announcing the details of the dividend declaration is attached as exhibit 99.1.
Third Federal Savings and Loan Association of Cleveland, MHC (the "MHC"), the mutual holding company of the Company and owner of 227,119,132 shares, or 75% of the Company's common stock outstanding, has waived its right to receive the dividend on its shares.
On July 31, 2014, the MHC received the approval of its members (depositors and certain loan customers of Third Federal Savings and Loan Association of Cleveland) with respect to the waiver of dividends, and subsequently received the non-objection of the Federal Reserve Bank of Cleveland, to waive receipt of dividends on the Company's common stock the MHC owns up to $0.28 per share during the four quarters ending June 30, 2015.

The information contained herein and in the accompanying exhibit shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof. The information in this report, including the exhibit hereto, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a) (2) of the Securities Act of 1933, as amended.

Exhibit No.
99.1 Press Release dated August 28, 2014.


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