SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 18, 2012
POAGE BANKSHARES, INC.
(Exact Name of Registrant as Specified in Charter)
Registrants telephone number, including area code: (606) 324-7196
(Former name or former address, if changed since last report)
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 (see General Instruction A.2. below):
On December 18, 2012, the Board of Directors of Poage Bankshares, Inc. (the Company) authorized a stock repurchase program pursuant to which the Company intends to purchase up to 168,619 of its issued and outstanding shares of common stock, which represents approximately 5.0% of the Companys issued and outstanding shares. The repurchase program will commence on or about December 20, 2012. 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 held by the Company as authorized but unissued shares.
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.