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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

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Washington, D.C.  20549

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FORM 8-K

CURRENT REPORT

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Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

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Date of Report (Date of earliest event report):       August 24, 2021

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Severn Bancorp, Inc.

(Exact name of registrant as specified in its charter)

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Maryland

0-49731

52-1726127

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification Number)

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200 Westgate Circle, Suite 200, Annapolis, Maryland

    

21401

(Address of principal executive offices)

 

(Zip Code)

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410-260-2000

(Registrant’s telephone number, including area code)

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Not Applicable

(Former name or former address, if change since last report)

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Check the appropriate box below if the Form8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Securities registered pursuant to Section 12(b) of the Act:

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Title of each class

    

Trading
Symbol(s)

    

Name of each exchange on which registered

Common Stock, $0.01 par value

SVBI

The Nasdaq Stock Market LLC

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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).

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Emerging growth company ☐

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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. ☐

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Item 7.01     Regulation FD Disclosure.

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On August 24, 2021, Severn Bancorp, Inc. issued a press release announcing that the Board of Directors declared a cash dividend of five cents ($0.05) per share of common stock. The dividend is payable on September 15, 2021 to shareholders of record at the close of business on September 3, 2021. A copy of our press release is attached hereto as Exhibit 99.1 and hereby incorporated by reference.

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Item 9.01       Financial Statements and Exhibits

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(d)

Exhibits:

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99.1

Press Release of Severn Bancorp, Inc., dated August 24, 2021 announcing a cash dividend.

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104

Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101)

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Signatures

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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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Severn Bancorp, Inc.

 

 

Dated:  August 24, 2021

By:

/s/Vance W. Adkins

 

Vance W. Adkins

 

Executive Vice President & Chief Financial Officer

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