Current Report Filing (8-k)
27 July 2022 - 6:40AM
Edgar (US Regulatory)
0001157647
false
0001157647
2022-07-26
2022-07-26
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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): July 26, 2022
WESTERN NEW ENGLAND BANCORP, INC.
(Exact name of registrant as specified in its charter)
Massachusetts
(State or other jurisdiction of
incorporation) |
001-16767
(Commission
File Number) |
73-1627673
(I.R.S. Employer
Identification No.) |
|
|
141 Elm Street
Westfield, Massachusetts
(Address of principal executive offices) |
01085
(zip
code) |
| |
|
|
|
Registrant's
telephone number, including area code: (413) 568-1911
(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:
☐ 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))
Securities
registered pursuant to Section 12(b) of the Act:
| Title
of each class |
Trading
Symbol |
Name
of each exchange on which registered |
| Common Stock, $0.01 par value per share |
WNEB |
NASDAQ |
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 2.02. | Results
of Operations and Financial Condition. |
On
July 26, 2022, Western New England Bancorp, Inc. (the “Company”) issued a press release announcing its financial results
for the quarter and six months ended June 30, 2022. A copy of the press release is furnished as Exhibit 99.1 hereto and is
hereby incorporated by reference into this Item 2.02.
| Item
7.01. | Regulation
FD Disclosure. |
On
July 26, 2022, the Company made available an investor presentation to be used during investor meetings. The slide show for the investor
presentation is attached to this report as Exhibit 99.2.
The
information contained in this Item 7.01 and Exhibits 99.1 and 99.2 attached hereto, is being furnished and shall not be deemed “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject
to the liabilities of that section, nor will such information or exhibits be deemed incorporated by reference into any filing made by
the Company under the Exchange Act or the Securities Act of 1933, as amended, whether made before or after the date hereof and regardless
of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such filing.
The furnishing of the information included in Item 7.01 of this Current Report on Form 8-K shall
not be deemed an admission as to the materiality of any information herein that is required to be disclosed solely by reason of Regulation
FD.
On July 26, 2022, the Board of
Directors of the Company authorized a stock repurchase plan (the “2022 Plan”), pursuant to which the Company may repurchase
up to 1.1 million shares of its common stock, which is approximately 5% of the Company’s outstanding shares of common stock as
of the date the 2022 Plan was adopted. Repurchases under the 2022 Plan may commence upon the completion of the stock repurchase plan
adopted in 2021 (the “2021 Plan”). The 2021 Plan was announced on April 27, 2021, and as of July 26, 2022, there were 119,567
shares of common stock available for purchase under the 2021 Plan.
| Item 9.01. | Financial
Statements and Exhibits. |
(a)
Not applicable.
(b)
Not applicable.
(c)
Not applicable.
(d)
Exhibits.
The
exhibits required by this item are set forth on the Exhibit Index attached hereto.
Exhibit
Number |
|
Description |
| 99.1 |
|
Press Release of Western New England Bancorp, Inc.
dated July 26, 2022. |
| 99.2 |
|
Investor Presentation Materials dated July 26, 2022
for Western New England Bancorp, Inc. |
| 104 |
|
Cover Page Interactive Data File (embedded within the
Inline XBRL document). |
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.
| |
WESTERN NEW ENGLAND BANCORP, INC. |
| |
|
| |
By: |
/s/ Guida R. Sajdak |
| |
|
Guida R. Sajdak |
| |
|
Chief Financial Officer |
Dated:
July 26, 2022
Western New England Banc... (NASDAQ:WNEB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Western New England Banc... (NASDAQ:WNEB)
Historical Stock Chart
From Apr 2023 to Apr 2024
