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Form 8-K Charter Financial Corp For: Mar 18

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March 20, 2015 11:35 AM EDT


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): March 18, 2015

_____________________________________

CHARTER FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)

_____________________________________

 
Maryland
001-35870
90-0947148
 
 
(State or other jurisdiction of
(Commission
(IRS Employer
 
 
incorporation or organization)
File Number)
Identification No.)
 

1233 O. G. Skinner Drive, West Point, Georgia 31833
(Address of principal executive offices) (Zip Code)

(706) 645-1391
(Registrant's telephone number, including area code)

N/A
(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:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





Item 8.01.     Other Events

On March 20, 2015, Charter Financial Corporation (the “Company”) announced its intent to purchase additional shares of its common stock under the current repurchase program. Up to 820,000 of additional shares, or approximately 5% of the Company's outstanding shares, may be purchased. A copy of the press release announcing the additional stock repurchases is included as Exhibit 99.1 to this report and is incorporated herein by reference.

Item 9.01.     Financial Statements and Exhibits

(a) No financial statements of businesses acquired are required.
(b) No pro forma financial information is required.
(c) Not applicable.
(d) Exhibits.

Exhibit No.
Description

99.1
Stock repurchase press release dated March 20, 2015



 





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.

 
 
CHARTER FINANCIAL CORPORATION
 
 
 
(Registrant)
 
 
 
 
 
 
Date:
March 20, 2015
By:
/s/ Curtis R. Kollar
 
 
 
 
Curtis R. Kollar
 
 
 
 
Senior Vice President and Chief Financial Officer
 



Exhibit 99.1

 
 
NEWS RELEASE
Contact:
 
 
Robert L. Johnson, Chairman & CEO
 
At Dresner Corporate Services
Curt Kollar, CFO
 
Steve Carr
706-645-1391
 
312-780-7211
 
 
 


CHARTER FINANCIAL ANNOUNCES INTENT TO
REPURCHASE ADDITIONAL SHARES OF COMMON STOCK

West Point, Georgia, March 20, 2015 – Charter Financial Corporation (NASDAQ: CHFN) announced that it intends to purchase an additional 820,000 shares of its common stock, or approximately 5% of the current outstanding shares, under the repurchase program adopted by the board of directors on September 18, 2014. Under the current program, the Company announced that it could purchase up to 1,825,000 shares of its common stock of which approximately 1.6 million shares have been repurchased to date. The additional 820,000 shares will be repurchased under this same program.

As stated in the press release issued on September 23, 2014, the repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to purchase any particular number of shares.

Charter Financial Corporation is a savings and loan holding company and the parent of CharterBank, a full-service community bank and a federal savings institution. CharterBank is headquartered in West Point, Georgia, and operates branches in central West Georgia, East Alabama and the Florida Gulf Coast. CharterBank's deposits are insured by the Federal Deposit Insurance Corporation. Investors may obtain additional information about Charter Financial Corporation and CharterBank on the internet at www.charterbk.com under About Us.



Exhibit 99.1

Forward-Looking Statements

This release contains “forward-looking statements” that may be identified by use of such words as “believe,” “expect,” “anticipate,” “should,” “planned,” “estimated,” and “potential.” Examples of forward-looking statements include, but are not limited to, estimates with respect to our financial condition and results of operation and business that are subject to various factors that could cause actual results to differ materially from these estimates. These factors include but are not limited to general and local economic conditions; changes in interest rates, deposit flows, demand for mortgages and other loans, real estate values, and competition; changes in accounting principles, policies, or guidelines; changes in legislation or regulation; and other economic, competitive, governmental, regulatory, and technological factors affecting our operations, pricing, products, and services. Any or all forward-looking statements in this release and in any other public statements we make may turn out to be wrong. They can be affected by inaccurate assumptions we might make or known or unknown risks and uncertainties. Consequently, no forward-looking statements can be guaranteed. Except as required by law, the Company disclaims any obligation to subsequently revise or update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.





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