Current Report

 

 

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 12, 2009

 

 

TFS FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

United States of America   001-33390   52-2054948

(State or other jurisdiction

of incorporation)

   (Commission File Number)  

(IRS Employer

Identification No.)

 

7007 Broadway Ave., Cleveland, Ohio   44105
(Address of principle executive offices)   (Zip Code)

Registrant’s telephone number, including area code (216) 441-6000

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:

 

¨ 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 March 12, 2009, TFS Financial Corporation (the “Company”) announced the completion of its third repurchase program of 2,200,000 shares of its outstanding common stock. A combined total of 23,000,000 shares were purchased under the three previous repurchase programs.

Additionally, the Board of Directors of TFS Financial Corporation approved the Company’s fourth repurchase program which authorizes the repurchase of up to an additional 3,300,000 shares of the Company’s outstanding common stock. The new repurchase program will commence immediately.

The stock repurchase program may be carried out at the direction of management, subject to the limitations set forth in Rule 10b-18 of the Securities and Exchange Commission and other legal requirements, and any further limitations that may be established by the Board of Directors. Repurchases may be made through open market purchases, block trades, and in negotiated private transactions. The stock may be repurchased on an ongoing basis and will be subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital and the Company’s financial performance. The program may be suspended, terminated or modified at any time for any reason. Any repurchased shares will be held as treasury stock and will be available for general corporate purposes.

The information contained herein and in the accompanying exhibit shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof. The information in this report, including the exhibit hereto, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended.

SIGNATURE

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.

 

  TFS FINANCIAL CORPORATION
  (Registrant)
Date: March 12, 2009   By:  

/s/ David S. Huffman

    David S. Huffman
    Chief Financial Officer