lsbc-8k_032513.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):  March 25, 2013


LAKE SHORE BANCORP, INC.
(Exact name of registrant as specified in its charter)

 
United States
(State or other jurisdiction of incorporation)
  
000-51821
(Commission File Number)
  
20-4729288
 (IRS Employer Identification No.)

 
31 East Fourth Street, Dunkirk, NY 14048
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (716) 366-4070

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:
 
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 25, 2013, Lake Shore, MHC (the “MHC”), the mutual holding company of Lake Shore Bancorp, Inc. (the “Company”), received the non-objection of the Federal Reserve Bank of Philadelphia to waive its right to receive dividends paid by the Company during the twelve months ending February 26, 2014,  up to $0.07 per share on a quarterly basis.
 
It is expected that the MHC will waive dividends declared by the Company during the twelve months ending February 26, 2014, except to the extent dividends are needed to fund the MHC’s continuing operations.  Lake Shore, MHC, which owns 61.4% of the Company’s outstanding common stock as of March 11, 2013 has elected to waive its right to receive the dividend to be paid on March 29, 2013.
 
 
 
 
 

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 

   
LAKE SHORE BANCORP, INC.
     
   
By:
/s/ Rachel A. Foley
   
Name:
 Rachel A. Foley 
   
Title:
 Chief Financial Officer 
Date: March 28, 2013