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): July 31, 2008
PROVIDENT
FINANCIAL HOLDINGS, INC.
(Exact
name of registrant as specified in its charter)
|
Delaware
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000-28304
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33-0704889
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|
(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
|
(I.R.S.
Employer
Identification
No.)
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|
3756
Central Avenue, Riverside, California
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92506
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|
(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (951) 686-6060
|
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)
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[ ] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
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[ ] 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))
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Item
8.01 Other Events
Provident
Financial Holdings, Inc. (the “Corporation”) announced on July 31, 2008 that the
Corporation’s Board of Directors declared a quarterly cash dividend of $0.05 per
share on the Corporation’s outstanding shares of common
stock. Shareholders of record at the close of business on August 25,
2008 will be entitled to receive the cash dividend. The cash dividend will be
payable on September 19, 2008. The news release announcing the cash
dividend is attached as Exhibit 99.1 and incorporated by reference
herein.
Item
9.01 Financial Statements and Exhibits
(c)
Exhibits
99.1 News Release
regarding the quarterly cash dividend of Provident Financial Holdings, Inc.
dated July 31, 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.
Date: August
1, 2008 PROVIDENT FINANCIAL
HOLDINGS, INC.
/s/ Craig G.
Blunden
Craig G.
Blunden
Chairman, President and Chief
Executive Officer
(Principal Executive
Officer)
/s/ Donavon P.
Ternes
Donavon P. Ternes
Chief Operating Officer and Chief
Financial Officer
(Principal Financial and Accounting
Officer)
EXHIBIT
99.1
 |
 |
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3756 Central
Avenue
Riverside, CA 92506
(951) 686-6060
|
NEWS RELEASE | |
PROVIDENT
FINANCIAL HOLDINGS
ANNOUNCES
QUARTERLY CASH DIVIDEND
Riverside,
Calif. – July 31, 2008 – Provident Financial Holdings, Inc. (“Company”), NASDAQ
GS: PROV, the holding company for Provident Savings Bank, F.S.B., today
announced that the Company’s Board of Directors declared a quarterly cash
dividend of $0.05 per share. Shareholders of the Company’s common
stock at the close of business on August 25, 2008 will be entitled to receive
the cash dividend. The cash dividend will be payable on September 19,
2008.
Safe-Harbor
Statement
This press release contains
statements that the Company believes are “forward-looking statements.” These
statements relate to the Company’s financial condition, results of operations,
plans, objectives, future performance or business. You should not place undue
reliance on these statements, as they are subject to risks and uncertainties.
When considering these forward-looking statements, you should keep in mind these
risks and uncertainties, as well as any cautionary statements the Company may
make. Moreover, you should treat these statements as speaking only as
of the date they are made and based only on information then actually known to
the Company. There are a number of important factors that could cause future
results to differ materially from historical performance and these
forward-looking statements. Factors which could cause actual
results to differ materially include, but are not limited to, the credit risks
of lending activities, including changes in the level and trend of loan
delinquencies and write-offs; changes in general economic conditions, either
nationally or in our market areas; changes in the levels of general interest
rates, deposit interest rates, our net interest margin and funding sources;
fluctuations in the demand for loans, the number of unsold homes and other
properties and fluctuations in real estate values in our market areas;
results of examinations
of us by the Office of Thrift Supervision and our bank subsidiary by the Federal
Deposit Insurance Corporation, the Office of Thrift Supervision or other
regulatory authorities, including the possibility that any such regulatory
authority may, among other things, require us to increase our reserve for loan
losses or to write-down assets; our ability to control operating
costs and expenses; our ability to implement our branch expansion strategy; our
ability to successfully integrate any assets, liabilities, customers, systems,
and management personnel we have acquired or may in the future acquire into our
operations and our ability to realize related revenue synergies and cost savings
within expected time frames and any goodwill charges related thereto; our
ability to manage loan delinquency rates; our ability to retain key members of
our senior management team; costs and effects of litigation, including
settlements and judgments; increased competitive pressures among financial
services companies; changes in consumer spending, borrowing and savings habits;
legislative or regulatory changes that adversely affect our business; adverse
changes in the securities markets; inability of key third-party providers to
perform their obligations to us; changes in accounting policies and practices,
as may be adopted by the financial institution regulatory agencies or the
Financial Accounting
1 of 2
Standards Board; war or terrorist
activities; other economic, competitive, governmental, regulatory, and
technological factors affecting our operations, pricing, products and
services and other
risks detailed in the Company’s reports filed with the Securities and Exchange
Commission, including its Annual Report on Form 10-K for the fiscal year ended
June 30, 2007, as amended.
Contacts:
Craig G.
Blunden
Donavon P. Ternes
Chairman, President
and CEO
Chief
Operating Officer and
Chief
Financial Officer
2 of 2