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PULASKI FINANCIAL CORP FILES (8-K) Disclosing Unregistered Sale of Equity Securities, Financial Statements and Exhibits

June 26, 2014



Item 3.02 Unregistered Sales of Equity Securities.

On June 23, 2014, Pulaski Financial Corp. (the "Company"), the holding company for Pulaski Bank, entered into subscription agreements with various purchasers under which it would issue 537,348 shares of its common stock, par value $0.01 (the "Common Stock"), to insiders of the Company at a price of $11.07 per share and 67,194 shares of Common Stock to non-insiders of the Company at a price of $10.49 per share. The shares were issued on June 25, 2014 in a private placement exempt from registration under Section 4(2) of the Securities Act of 1933, as amended, and Regulation D of the rules and regulations promulgated thereunder. The Company received an aggregate of $6.7 million in cash for the shares that were issued. There were no underwriting discounts or commissions.

Also, on June 23, 2014, the Company entered into share exchange agreements with certain holders of the Company's Fixed Rate Perpetual Preferred Stock, Series A, $1,000 per share liquidation preference (the "Preferred Stock") under which such holders would exchange their shares of Preferred Stock for shares of Common Stock. The Company issued 68,818 shares of Common Stock in exchange for $735,000 in liquidation value of Preferred Stock. The share exchange was based on a price per share of $11.07 per share for insiders of the Company and a price per share of $10.49 for non-insiders of the Company. The shares were issued on June 25, 2014 in a private placement exempt from registration under Section 4(2) of the Securities Act of 1933, as amended, and Regulation D of the rules and regulations promulgated thereunder.

A copy of the press release announcing the completion of the private placement offering and the share exchange is attached as Exhibit 99.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(a) Financial Statements of Businesses Acquired: Not applicable (b) Pro Forma Financial Information: Not applicable (c) Shell Company Transactions: Not applicable (d) Exhibits Number Description 99.1 Press Release dated June 26, 2014



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Source: Edgar Glimpses


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