Close

Form 8-K DIME COMMUNITY BANCSHARE For: Dec 22

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 4/23/2024

1. TSLA
2. SPY
3. NVDA
4. META
5. PPG
6. HDFCB:IN
7. HDB
8. MSFT
9. GM
10. WIT


December 28, 2016 3:41 PM EST
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):  December 22, 2016

DIME COMMUNITY BANCSHARES, INC.
(Exact name of registrant as specified in its charter)

Delaware
 
0-27782
 
11-3297463
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)
 
209 Havemeyer Street, Brooklyn, New York   11211
(Address of principal executive offices, including zip code)

Registrant's telephone number, including area code:           (718) 782-6200
 
None
(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 240.14d-2(b))
☐
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))
 
Item 5.02.
Retirement of Registrant’s Director

On December 22, 2016, the Registrant and its wholly owned subsidiary, Dime Community Bank (the “Bank”) announced the retirement of George L. Clark, Jr., as Director, effective December 31, 2016.  Mr. Clark has served as the Lead Director of the Boards of both the Registrant and the Bank since 2007.
 
On December 22, 2016, the Boards of the Registrant and Bank additionally reported that Kathleen M. Nelson, a Director of both the Registrant and the Bank since 2011, was appointed Lead Director, effective December 31, 2016.
 
A copy of the news release announcing Mr. Clark’s retirement as Director and appointment of Ms. Nelson as Lead Director is included as Exhibit 99.1 to this report.

Item 9.01.
Financial Statements and Exhibits.
 
 
(d)
Exhibits

Exhibit No.
 
 
99.1
Press release of the Registrant, dated December 23, 2016, announcing the retirement of George L. Clark, Jr. as Director and appointment of Kathleen M. Nelson as Lead Director.
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Form 8-K Report to be signed on its behalf by the undersigned hereunto duly authorized.
 
DIME COMMUNITY BANCSHARES, INC.
   
By:
/s/ MICHAEL PUCELLA
 
Michael Pucella
 
Executive Vice President and Chief Accounting Officer (Principal Financial Officer)
 
Dated:  December 28, 2016
 
INDEX TO EXHIBITS

Exhibit Number

Press release of the Registrant, dated December 23, 2016, announcing the retirement of George L. Clark, Jr. as Director and appointment of Kathleen M. Nelson as Lead Director.

 
Exhibit 99.1
 

Dime Community Bancshares Announces Retirement of George L. Clark, Jr. from Board of Directors
Elects Kathleen M. Nelson Lead Director

BROOKLYN, NY – December 23, 2016 - Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company" or "Dime"), the parent company of Dime Community Bank (the "bank"), announced the retirement of George L. Clark, Jr. from the Board of Directors of the Company and bank and the unanimous election of Kathleen M. Nelson as Lead Director of the Company and the bank, effective December 31, 2016.

Mr. Clark's relationship with Dime dates back to 1980 when he was elected Trustee of the bank (at the time, a mutual savings bank) and he has served as a Director of the Company since its formation in 1995.

"We owe George a huge debt of gratitude for his service and dedication to the Company. On behalf of the board and all employees of Dime, I want to thank him for being a leader and a friend," said Vincent F. Palagiano, Chairman of the Board and Chief Executive Officer of both the Company and bank. "George has made a tremendous contribution to Dime and it has been an honor and a privilege to have benefited from his experience and support over the past 36 years."

Mr. Clark is the patriarch of the George L. Clark Inc. real estate agency located in the Bensonhurst section of Brooklyn, and also served as the head of the Republican Party in New York State before and during the administration of Ronald Reagan in the 1980's.

Kathleen Nelson was originally elected to the Board of the Company and the bank in 2011. Ms. Nelson holds a Bachelor of Science degree in real estate from Indiana University, and is a graduate of both the University of Chicago Executive Management Program and the Aspen Institute Leadership Seminar. Ms. Nelson is a co-founder and currently serves as Managing Principal of Bay Hollow Associates, a commercial real estate consulting firm, is Founder and President of KMN Associates LLC, and also serves on the Board of Directors of CBL & Associates Properties, Inc., as well as Apartment Investment and Management Co., a publicly traded owner and manager of rental apartments.
 
"The board is fortunate to have Kathleen as the Lead Director," said Mr. Palagiano. "With her current experience on the board, and her strong contribution to Dime's success, Kathleen is the right person to serve in a lead capacity to coordinate the activities of the other independent directors."

ABOUT DIME COMMUNITY BANCSHARES, INC.
 
The Company had $5.82 billion in consolidated assets as of September 30, 2016, and is the parent company of the bank. The bank was founded in 1864, is headquartered in Brooklyn, New York, and currently has twenty-five branches located throughout Brooklyn, Queens, the Bronx and Nassau County, New York. More information on the Company and the bank can be found on Dime's website at www.dime.com.

Contact: Anthony Rose, Executive Vice President and Chief Administrative Officer, 718-782-6200, extension 5260.
 
 

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings