Attached files
| file | filename |
|---|---|
| EX-10.3 - EXHIBIT 10.3 - PB Bancorp, Inc. | t1700210_ex10-3.htm |
| EX-10.2 - EXHIBIT 10.2 - PB Bancorp, Inc. | t1700210_ex10-2.htm |
| EX-10.1 - EXHIBIT 10.1 - PB Bancorp, Inc. | t1700210_ex10-1.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): March 30, 2017
PB BANCORP, INC.
(Exact Name of Registrant as Specified in Charter)
| Maryland | 001-37686 | 47-5150586 | ||
| (State or Other Jurisdiction) | (Commission File No.) | (I.R.S. Employer | ||
| of Incorporation) | Identification No.) |
| 40 Main Street, Putnam, Connecticut | 06260 | |||
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (860) 928-6501
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) On March 30, 2017, PB Bancorp, Inc. (the “Company”) granted a total of 392,330 stock options and 147,750 restricted stock awards under the PB Bancorp, Inc. 2017 Equity Incentive Plan (the “Plan”) to officers, employees and directors of the Company and Putnam Bank. Each award granted under the Plan is evidenced by an award agreement signed by the grantee. Attached hereto as Exhibits 10.1 through 10.3, respectively, are forms of Incentive Stock Option Award Agreement, Non-Statutory Stock Option Award Agreement, and Restricted Stock Award Agreement (collectively, the “Agreements”).
The Incentive Stock Option Award Agreement and the Non-Statutory Stock Option Award Agreement provide the terms of individual option grants, including the number of options granted, the exercise price per share, the date of grant, the vesting schedule, restrictions on transfer, the effect of termination under certain conditions, and the term and expiration date of the options.
The Restricted Stock Award Agreement provides the terms of individual restricted stock awards, including the number of shares awarded, the vesting schedule, restrictions on transfer, grantee rights prior to vesting of awards, and the effect of termination under certain conditions.
The foregoing description of the material terms of the Agreements does not purport to be complete and is qualified in its entirety by reference to Exhibits 10.1 to 10.3, which are incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
The following Exhibits are attached as part of this report:
| Exhibit No. | Description | |
| 10.1 | Form of Incentive Stock Option Award Agreement | |
| 10.2 | Form of Non-Qualified Stock Option Award Agreement | |
| 10.3 | Form of Restricted Stock Award Agreement |
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.
| PB BANCORP, INC. | ||
| DATE: April 4, 2017 | By: | /s/ Robert J. Halloran, Jr. |
| Robert J. Halloran, Jr. | ||
| Executive Vice President and Chief Financial Officer |