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    WVS Financial Corp. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and Exhibits

    5/24/22 8:31:17 AM ET
    $WVFC
    Banks
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    wvfc20220523_8k.htm
    false 0000910679 0000910679 2022-05-24 2022-05-24
     
    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)         May 24, 2022                                                                                                                                            
     
    WVS Financial Corp.

    (Exact name of registrant as specified in its charter)
     
    Pennsylvania 0-22444 25-1710500
    (State or other jurisdiction of incorporation)
    (Commission File Number)
    (IRS Employer Identification No.)
     
    9001 Perry Highway, Pittsburgh, Pennsylvania 15237        
     (Address of principal executive offices) (Zip Code)    
     
    Registrant's telephone number, including area code   (412) 364-1911                                                                                                                                                                                 
     
    Not Applicable

    (Former name, former address and former fiscal year, if changed since last report)
     
    Securities registered pursuant to Section 12(b) of the Act:
     
    Common Stock, par value $0.01 per share
    WVFC
    NASDAQ Global Market
    (Title of Class)
    (Trading Symbol)
    (Name of exchange on which registered)
     
    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))
     
    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
     
    Emerging growth company        ☐
     
    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐ 
     
     

     
     
    Item 3.01         Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
     
    On May 24, 2022, WVS Financial Corp. (the “Company”) notified The Nasdaq Stock Market of its intention to voluntarily delist its common stock, par value $0.01 per share (the “Common Stock”) and to file a Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), on Form 25 with the Securities and Exchange Commission on or after June 3, 2022.
     
    The filing of the Form 25 effects the delisting of the outstanding shares of Common Stock, from the Nasdaq Global Market and the deregistration of the Common Stock under Section 12(b) of the Exchange Act. Upon effectiveness of the Form 25, the Company intends to file a Form 15 with the SEC to suspend its duty to file reports under Section 13 and 15(d) of the Exchange Act and to deregister the Common Stock under Section 12 of the Exchange Act.
     
    A copy of the press release, dated May 24, 2022 announcing the Company’s intention to delist and deregister the shares of Common Stock, is included as Exhibit 99.1 and is incorporated herein by reference.
     
    Item 9.01         Financial Statements and Exhibits
     
    (a)         Not applicable.
     
    (b)         Not applicable.
     
    (c)         Not applicable
     
    (d)         The following exhibits are included with this Report:
     
    Exhibit No.        Description
     
    99.1                  Press Release, dated May 24, 2022
     
    104                   Cover Page Interactive Data File (embedded within the Inline XBRL document)
     
    2

     
     
    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 thereunto duly authorized.
     
    WVS FINANCIAL CORP.
     
     
    By: /s/David J. Bursic   
    Name: David J. Bursic
    Title: President and Chief Executive Officer
     
     
    Date: May 24, 2022
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
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