TFS Financial Corp Files 8-K

TL;DR

TFS Financial Corp just filed an 8-K for an 'Other Event' - need to dig into what that means.

AI Summary

TFS Financial Corporation filed an 8-K on November 21, 2024, reporting an "Other Event." The filing does not contain specific details about the event itself, but it confirms the company's identity, its principal executive offices at 7007 Broadway Ave., Cleveland, Ohio, and its telephone number. The report was filed as of November 21, 2024.

Why It Matters

This filing indicates a material event has occurred for TFS Financial Corp, requiring public disclosure. Investors should look for further information to understand the nature and impact of this event.

Risk Assessment

Risk Level: low — The filing itself is a routine disclosure and does not contain information that inherently poses a risk.

Key Players & Entities

• TFS Financial Corporation (company) — Registrant
• November 21, 2024 (date) — Date of Report
• 7007 Broadway Ave., Cleveland, Ohio (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share TFSL The NASDAQ Stock Market,
• $0.2825 — "Company") declared a cash dividend of $0.2825 per share of common stock. The dividend
• $1.13 — e MHC owns up to an aggregate amount of $1.13 per share during the twelve months subs

Filing Documents

• tfsl-20241121.htm (8-K) — 31KB
• dividend112024exhibit.htm (EX-99.1) — 6KB
• logotfsfina18.jpg (GRAPHIC) — 653KB
• 0001381668-24-000139.txt ( ) — 1057KB
• tfsl-20241121.xsd (EX-101.SCH) — 2KB
• tfsl-20241121_lab.xml (EX-101.LAB) — 21KB
• tfsl-20241121_pre.xml (EX-101.PRE) — 12KB
• tfsl-20241121_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events On November 21, 2024, the Board of Directors of TFS Financial Corporation (the "Company") declared a cash dividend of $0.2825 per share of common stock. The dividend is payable on December 17, 2024 to shareholders of record as of December 3, 2024. A press release announcing the details of the dividend declaration is attached as exhibit 99.1. Third Federal Savings and Loan Association of Cleveland, MHC (the "MHC"), the mutual holding company of the Company and owner of 227,119,132 shares, or 80.9% of the Company's common stock outstanding, has waived its right to receive the dividend on its shares. On July 9, 2024, the MHC received the approval of its members (depositors and certain loan customers of the Association) with respect to the waiver of dividends, and subsequently received the non-objection of the Federal Reserve Bank of Cleveland, to waive receipt of dividends on the Company's common stock the MHC owns up to an aggregate amount of $1.13 per share during the twelve months subsequent to the members' approval (ie., through July 9, 2025). The MHC previously waived the receipt of dividends paid by the Company in an aggregate amount of $0.2825 per share during the quarter ending September 30, 2024. The information contained herein and in the accompanying exhibit shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof. The information in this report, including the exhibit hereto, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a) (2) of the Securities Act of 1933, as amended. FORM 8-K EXHIBIT INDEX Exhibit No. 99.1 Press Release dated November 21 , 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has

View Full Filing

View this 8-K filing on SEC EDGAR