Current Report Filing (8-k)
June 21 2022 - 4:41PM
Edgar (US Regulatory)
false
0001594555
0001594555
2022-06-15
2022-06-15
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): June 15, 2022
HV BANCORP, INC.
(Exact name of Registrant as Specified in Its Charter)
Pennsylvania |
001-37981 |
46-4351868 |
(State or Other Jurisdiction
of Incorporation) |
(Commission File Number) |
(IRS Employer
Identification No.) |
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2005 South Easton Road, Suite 304
Doylestown, PA |
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18901 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrant’s Telephone Number, Including Area Code: (267) 280-4000
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class |
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Trading Symbol(s) |
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Name of each exchange on which registered |
Common Stock, $0.01 par value |
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HVBC |
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The NASDAQ Stock Market, LLC |
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 Instructions 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 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On May 19, 2021, the stockholders of HV Bancorp, Inc. (the “Company”) approved the Company’s 2021 Equity Incentive Plan (the “2021 Equity Plan”), which provides for the grant of stock-based awards to officers, employees and directors of the Company and Huntingdon Valley Bank (the “Bank”). A description of the material terms of the Plan is contained in the Company’s definitive proxy statement for the Annual Meeting of Stockholders filed with the Securities and Exchange Commission on April 15, 2021. A copy of the Plan is being filed as Exhibit 10.1.
On June 15, 2022, the Company made restricted stock and incentive stock option awards pursuant to the 2021 Equity Plan to certain executive officers of the Company and the Bank, consisting of: Travis J. Thompson, Chief Executive Officer, Robert J. Marino, Vice Chair and President, Hugh W. Connelly, Executive Vice President and Chief Lending Officer and Derek P.B. Warden, Executive Vice President and Chief Credit Officer. The number of awards made to the executive officers are as follows:
Restricted Stock Awards |
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Name and Position |
Number of Awards |
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Travis J. Thompson, Chief Executive Officer |
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20,000 |
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Robert J. Marino, Vice Chair and President |
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25,000 |
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Hugh W. Connelly, Executive Vice President and Chief Lending Officer |
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25,000 |
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Derek P.B. Warden, Executive Vice President and Chief Credit Officer |
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5,000 |
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Incentive Stock Options Awards |
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Name and Position |
Number of Awards |
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Derek P.B. Warden, Executive Vice President and Chief Credit Officer |
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10,000 |
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Shares of restricted stock vest over 7 years at a rate of 16% on year 1 and 14% per year for each of the following 6 years and shares of stock options awards vest over 5 years at a rate of 20% per year.
The incentive stock options vest over 5 years at a rate of 20% per year beginning on the first anniversary of the date of grant.
Each restricted stock and stock option award granted under the Plan is evidenced by an award agreement between each award recipient and the Company. Attached hereto as Exhibits 10.2 through 10.3, respectively, are the forms of Restricted Stock Award Agreement and Incentive Stock Option Award Agreement.
Item 9.01 Financial Statements and Exhibits
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.
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HV Bancorp, Inc. |
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Date: June 21, 2022 |
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By: |
/s/ Travis J. Thompson |
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Travis J. Thompson |
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Chief Executive Officer
(Duly Authorized Officer) |
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