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EX-99.1 - PRESS RELEASE - BROADWAY FINANCIAL CORP \DE\d243143dex991.htm

 

 

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): October 7, 2011

 

 

BROADWAY FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   000-27464   95-4547287
(State of Incorporation)  

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

4800 Wilshire Boulevard,

Los Angeles, California

 

90010

(Zip Code)

(Address of Principal Executive Offices)  

Registrant’s telephone number, including area code: (323) 634-1700

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:

 

¨ 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))

 

 

 


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 7, 2011, Mr. Elrick Williams tendered his resignation, effective immediately, from the Boards of Directors and the Audit and Special Capital Task Force committees of Broadway Financial Corporation (the “Company”), parent company of Broadway Federal Bank (the “Bank”), and the Bank. Mr. Williams indicated that his resignation was due to the perception caused by his family’s investment in a credit of the Bank.

 

Item 9.01 Financial Statements and Exhibits

(c) Exhibits

 

99.1    Press Release, dated October 13, 2011


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 hereunto duly authorized.

 

  BROADWAY FINANCIAL CORPORATION
          (Registrant)
Date: October 13, 2011     By  

/s/    Paul C. Hudson

      Paul C. Hudson
      Chief Executive Officer