| 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 |
| 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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