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): January 21, 2014

PEOPLES FEDERAL BANCSHARES, INC.
(Exact Name of Registrant as Specified in Charter)

Maryland
 
001-34801
 
27-2814821
(State or Other Jurisdiction
Identification No.)
 
(Commission File No.)
 
(I.R.S. Employer
of Incorporation)


435 Market Street, Brighton, Massachusetts
 
02135
(Address of Principal Executive Offices)
 
(Zip Code)


Registrant's telephone number, including area code:  (617) 254-0707


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 (see General Instruction A.2. below):

[  ]
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. 

(e)           Renewal of Employment Agreements.  On January 21, 2014, the Board of Directors (the “Board”) of Peoples Federal Savings Bank (the “Bank”), the wholly owned subsidiary of Peoples Federal Bancshares, Inc. (the “Company”), after considering the performance of each of Messrs. Thomas J. Leetch, Christopher Lake and James J. Gavin (collectively, the “Executives”), determined to extend the term of the Employment Agreements between the Bank and each Executive (“Bank Employment Agreements”), each of which were initially entered into on December 16, 2008 and amended on January 15, 2013, for an additional year.  Following such extension each Bank Employment Agreement shall continue for a renewed three-year term.


Item 9.01. Financial Statements and Exhibits.

(a)  
Financial Statements of Businesses Acquired: None

(b)  
Pro Forma Financial Information: None

(c)  
Shell company transactions: None

(d)  
Exhibits: None


 
 

 

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.

   
PEOPLES FEDERAL BANCSHARES, INC.
 
 
 
DATE: January 23, 2014
By:
/s/ Maurice H. Sullivan, Jr.
   
Maurice H. Sullivan, Jr.