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 9, 2018
 
Malvern Bancorp, Inc.
(Exact name of registrant as specified in its charter)
 
Pennsylvania 000-54835 45-5307782

(State or other jurisdiction of incorporation)

 

(Commission File Number)

(IRS Employer
Identification No.)

 
42 E. Lancaster Avenue, Paoli, Pennsylvania 19301
(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code   (610) 644-9400
 
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))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

Item 8.01. Other Events.

 

On October 9, 2018, Malvern Bancorp, Inc. (the “Company”), the parent company of Malvern Bank, National Association, completed the sale of 1,190,477 shares of Company’s common stock at a price to the public of $21.00 per share in the Company’s previously announced underwritten public offering, resulting in gross proceeds of $25.0 million. The net proceeds of the offering after deducting the underwriting discount and other estimated offering expenses are expected to be approximately $23.4 million. The underwriter has a 30-day option to purchase up to an additional 178,571 shares of common stock at the public offering price, less the underwriting discount. If the underwriter’s option is exercised in full, it would result in additional gross proceeds of approximately $3.7 million, or additional net proceeds of approximately $3.6 million after deducting the underwriting discount. Sandler O’Neill + Partners, L.P. served as the sole underwriter for the offering.

 

A copy of the press releases issued by the Company announcing the closing of the offering is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit    
Number   Description
99.1   Press Release dated October 9, 2018.

 

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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 thereunto duly authorized.

 

  MALVERN BANCORP, INC.
     
Date:  October 9, 2018 By: /s/ Joseph D. Gangemi
    Joseph D. Gangemi
    Senior Vice President and Chief Financial Officer

 

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