Current Report Filing (8-k)
November 15 2021 - 9:40AM
Edgar (US Regulatory)
falseGenerations Bancorp NY, Inc.000182336500018233652021-11-122021-11-12
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): November 12, 2021
GENERATIONS BANCORP NY, INC.
(Exact Name of Registrant as Specified in Charter)
Registrant's telephone number, including area code: (315) 568-5855
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):
Securities registered pursuant to Section 12(b) of the Act:
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. ☐
Generations Bancorp NY, Inc. (the “Company”) is moving the Generations Bank 401(k) Plan (the “401(k) Plan”) to Principal as the third party
recordkeeper and to Delaware Charter Guarantee & Trust Company conducting business as Principal Trust Company, as Trustee. As a result of the planned move, there will be a blackout period beginning at the end of the day on December 14, 2021, and
ending the week of January 16, 2022, during which participants in the 401(k) Plan will be temporarily unable to make changes to their individual accounts, direct or diversify investments in their individual accounts, including accounts that hold
common stock of the Company, or obtain a loan or distribution from the Plan. Participants in the 401(k) Plan were notified of the blackout period on November 12, 2021.
As a result of the foregoing, on November 12, 2021, the Company sent a Blackout Notice Concerning Limitations on Trading in Generations
Bancorp NY, Inc. (“Notice”) to its directors and executive officers informing them that a blackout period with respect to directors and executive officers is expected to be in effect beginning at the end of the day on December 14, 2021 and ending the
week of January 16, 2022.
The Notice was provided to the Company’s directors and executive officers pursuant to the requirements of Section 306 of the Sarbanes-Oxley
Act of 2002 and Rule 104 of the Securities and Exchange Commission’s Regulation BTR. A copy of the Notice is attached as Exhibit 99.1 to this current Report on Form 8-K and incorporated by reference herein.
Item 9.01.
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Financial Statements and Exhibits.
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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, hereunto duly authorized.
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