form8koctober222008.htm
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): October 22,
2008
GREENE COUNTY BANCORP,
INC.
(Exact
Name of Registrant as Specified in its Charter)
Federal 0-25165
14-1809721
(State or
Other Jurisdiction (Commission File
No.) (I.R.S.
Employer
of
Incorporation) Identification
No.)
302 Main Street, Catskill
NY 12414
(Address
of Principal Executive
Offices) (Zip
Code)
Registrant’s
telephone number, including area
code: (518)
943-2600
Not
Applicable
(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 (see General Instruction A.2. below):
[ ] 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))
Item
8.01 Other
Events
On
October 21, 2008, the Board of Directors of Greene County Bancorp, Inc. approved
a quarterly cash dividend of $0.17 per share. A press release
announcing the details of the declaration is filed as exhibit 99.1.
Greene
County Bancorp, MHC, majority stockholder of the Greene County Bancorp, Inc. and
owner of 2,304,632 shares of the 4,100,928 total shares outstanding, will waive
the right to receive its portion of the dividend, based on action of its Board
of Directors. Accordingly, the dividend is expected to be paid only
on the 1,796,296 shares owned by minority stockholders of Greene County Bancorp,
Inc.
99 Press
release dated October 22, 2008
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.
GREENE COUNTY BANCORP,
INC.
DATE: October
22,
2008 By: /s/ Donald E.
Gibson
Donald
E. Gibson
President and Chief Executive Officer
October
22, 2008
FOR
IMMEDIATE RELEASE
Contact: Donald
E. Gibson, President & CEO
518.943.2600
GREENE
COUNTY BANCORP, INC.
ANNOUNCES
CASH DIVIDEND
Catskill,
NY – October 22, 2008. Greene County Bancorp, Inc. (NASDAQ-GCBC)
today announced that its Board of Directors has approved to continue a quarterly
cash dividend of $0.17 per share of the Company’s common stock. The
dividend reflects an annual cash dividend rate of $0.68 per share.
The
dividend will be paid to shareholders of record as of November 15, 2008, payable
on December 1, 2008.
The
Company is the majority-owned subsidiary of Greene County Bancorp, MHC, a
federal mutual holding company, which owns 56.2 percent of the Company’s
outstanding shares. Greene County Bancorp, MHC waived its right to
receive dividends on its shares of the Company.
Greene
County Bancorp, Inc. is the direct and indirect holding company, respectively,
for The Bank of Greene County, a federally-chartered thrift, and Greene County
Commercial Bank, a New York-chartered commercial bank, both headquartered in
Catskill, New York. The Bank serves Greene and Columbia Counties, and
Albany County, New York from ten full-service branch locations in Catskill,
Catskill Commons, Cairo, Chatham, Coxsackie, Greenville, Greenport, Hudson,
Tannersville and Westerlo. The Bank expects to open an eleventh
branch in Ravena, New York in January 2009.
(END)