Item 8.01 Other Events
On May 30, 2014
, the Board of Directors of Poage Bankshares, Inc.
"Company") authorized a stock repurchase program pursuant to which the Company
intends to purchase up to 195,244 of its issued and outstanding shares of common
stock, which represents approximately 5.0% of the Company's issued and
outstanding shares. The repurchase program will commence on or about June 2,
. The timing of the purchases will depend on certain factors, including but
not limited to, market conditions and prices, available funds and alternative
uses of capital. The stock repurchase program may be carried out through
open-market purchases, block trades, negotiated private transactions and
pursuant to a trading plan that will be adopted in accordance with Rule 10b5-1
under the Securities Exchange Act of 1934. Any repurchased shares will be
treated by the Company as authorized but unissued shares.