PROVIDENT FINANCIAL SERVICES, INC. (NYSE:PFS) Files An 8-K Results of Operations and Financial Condition
Item 2.02Results of Operation and Financial Condition.
On February1, 2019, Provident Financial Services, Inc. (the “Company”) issued a press release reporting its financial results for the quarter and year ended December31, 2018. A copy of the press release is attached as Exhibit 99.1 to this report and is being furnished to the SEC and shall not be deemed “filed” for any purpose.
Item 7.01Regulation FD Disclosure.
On February1, 2019, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.23 per common shareand a special cash dividend of $0.20 per share, each payable on February 28, 2019 to stockholders of record on February 15, 2019. The Company also announced that its Board of Directors determined that the Annual Meeting of Stockholders shall be held on April 25, 2019 at the Renaissance Woodbridge Hotel, Iselin, New Jersey at 10:00 a.m. The date of March 1, 2019 was established as the record date for the determination of the stockholders entitled to notice of, and to vote at, the Annual Meeting.
These announcements were included as part of the press release reporting financial results for the quarter and year ended December31, 2018 issued by the Company on February1, 2019. A copy of the press release is attached as Exhibit 99.1 to this report and is being furnished to the SEC and shall not be deemed “filed” for any purpose.
Item 8.01Other Events
On January 31, 2019, the Board of Directors of the Companyadopted a policy on majority voting for directors in uncontested elections. to the policy, any nominee for director in an uncontested election who receives a greater number of votes “WITHHELD” from his or her election than votes cast “FOR” such election shall tender his or her resignation to the Governance/Nominating Committee of the Board of Directors of the Company. The Governance/Nominating Committee shall recommend to the Board of Directors the action to be taken with respect to the resignation. Any director who tenders his or her resignation in connection with the policy shall not participate in the Governance/Nominating Committee’s or the Board of Directors’ deliberations as to whether to accept the resignation. The Board of Directors will publicly disclose its decision within 90 days of the certification of the election results.
Item 9.01.Financial Statements and Exhibits
a.Financial statements of businesses acquired.Not Applicable.
b.Pro forma financial information.Not Applicable.
c.Shell company transactions: Not Applicable.
d.Exhibits.
| Exhibit No. | Description |
|
.1 |
Press release issued by the Company on February 1, 2019 announcing its financial results for the quarter and year ended December 31, 2018, the declaration of a quarterly cash dividend, the declaration of a special cash dividend and the setting of the date for the annual meeting of stockholders. |
PROVIDENT FINANCIAL SERVICES INC Exhibit
EX-99.1 2 a123118earningsrelease.htm DocumentProvident Financial Services,…
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About PROVIDENT FINANCIAL SERVICES, INC. (NYSE:PFS)
Provident Financial Services Inc. is a holding company for The Provident Bank (the Bank). The Bank is a New Jersey-chartered capital stock savings bank. As a community and customer-oriented institution, the Bank provides personal service and customer convenience in serving the financial needs of the individuals, families and businesses residing in its primary markets areas. It attracts deposits from the general public and businesses in the areas surrounding its banking offices and uses those funds, together with funds generated from operations and borrowings, to originate commercial real estate loans, residential mortgage loans, commercial business loans and consumer loans. It also invests in mortgage-backed securities and other permissible investments. Its primary market area includes a mix of urban and suburban communities, and has a mix of industries, including pharmaceutical, manufacturing companies, network communications, insurance and financial services, healthcare and retail.