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GREENE COUNTY BANCORP INC FILES (8-K) Disclosing Other Events, Financial Statements and Exhibits

January 27, 2014

Item 8.01 Other Events On January 21, 2014 , the Board of Directors of Greene County Bancorp, Inc. announced a quarterly cash dividend of $0.175 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 4,208,571 total shares outstanding, has waived 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 1,903,939 shares owned by minority stockholders of Greene County Bancorp, Inc. As the Company has previously disclosed, the MHC received the approval of the its members (depositors of The Bank of Greene County ) and the non-objection of the Federal Reserve Bank of Philadelphia , to waive the MHC's receipt of quarterly cash dividends of $0.175 per share declared by the Company through February 19, 2014 . Item 9.01 Financial Statements and Exhibits Exhibit No. Description 99 Press release dated January 23, 2014 --------------------------------------------------------------------------------


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Source: Edgar Glimpses


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