UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of
Report (Date of earliest event reported): May 5, 2009
DIME
COMMUNITY BANCSHARES, INC.
(Exact
name of registrant as specified in its charter)
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Delaware
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0-27782
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11-3297463
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification
No.)
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209
Havemeyer Street, Brooklyn, New York 11211
(Address
of principal executive offices, including zip code)
Registrant's
telephone number, including area
code: (718)
782-6200
None
(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:
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
5.04 Temporary Suspension of Trading
Under Registrant's Employee Benefit Plan
On or about May 5, 2009, the plan
trustee for the The Dime Savings Bank of Williamsburgh 401(K) Plan (the "Plan")
mailed a notice to directors, executive officers, officers and employees of Dime
Community Bancshares, Inc. (the "Company") and its wholly owned subsidiary, the
Dime Savings Bank of Williamsburgh (the "Bank"), informing them that a blackout
period with respect to the Plan will be in effect beginning at 4:00 PM Eastern
Time on June 12, 2009, and ending on June 30, 2009. The notice was
provided to the directors and executive officers in accordance with Section 306
of the Sarbanes-Oxley Act of 2002, and Rule 104 of Regulation
BTR. Outside directors of both the Company and Bank are not eligible
to participate in the Plan. Three employee directors of both the
Company and Bank, as well as all executive officers of both the Company and
Bank, do participate in the Plan.
A copy of
the notice dated May 5, 2009 is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.
Item 9.01. Financial Statements and
Exhibits.
(d)
Exhibits
Exhibit
No. Description
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99.1
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Notice
sent to executive officers, officers and employee participants of The Dime
Savings Bank of Williamsburgh 401(k) Plan on or about May 5,
2009.
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SIGNATURES
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.
DIME
COMMUNITY BANCSHARES, INC.
/s/
KENNETH J. MAHON
By: ___________________________________________
Kenneth
J. Mahon
First
Executive Vice President and Chief Financial Officer
Dated:
May 14, 2009
PENTEGRA
RETIREMENT SERVICES
MEMO
Date: May
5, 2009
To: The
Dime Savings Bank of Williamsburgh 401(k) Savings Plan Participants
From: Pentegra
Retirement Services, your new retirement plan service provider
Re: Important information about the
interruption of access to your retirement account due to a
change
of plan recordkeeper from 4:00 PM ET Friday, June 12,
2009 to
Tuesday, June 30, 2009, a
Blackout Period
Pentegra
Retirement Services is pleased to be your new retirement plan provider through
its acquisition of RSGroup. One of the many benefits of our new
organization is the ability to provide you with superior technology, enhanced
services and improved plan communication through a new quarterly account
statement. So you can fully experience these benefits, we must
transition your plan to Pentegra's recordkeeping system. During the
transition period noted above, you will not
be able to access your account for the following:
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·
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To
direct or diversify investment
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·
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To
obtain a distribution
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·
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To
obtain a loan, if permitted by your
plan
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You will
be able to:
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Continue
previously initiated payroll deductions and employer
contributions
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·
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Continue
repayments to existing loan
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Note: There will
be no changes to your existing investment funds. Your investments
will transition exactly as they exist in your account today.
You should consider your immediate
retirement concerns and how a lack of access to your account for a period of
approximately two weeks may affect both your retirement and your overall
financial plans – especially in this period of historic financial market
volatility. For instance, it is very important that you review and
consider the appropriateness of your current investments during the Blackout
Period. This is an excellent time to look at your long-term
retirement security. You should carefully consider the
following:
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·
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The
importance of a well-balanced and diversified investment portfolio taking
into account all your assets, income and
investments
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·
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The
additional risks associated with holding substantial portions of your
assets in the securities of any one company due to the wider price swings
up and down in short periods compared to more diversified
funds
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·
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Stocks
that have wide price swings and might have a large loss during the
Blackout Period when you would not be able to direct the sale of those
stocks from your account, especially important to
consider at this time due to the extreme stock market volatility we are
experiencing
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You will
receive a letter from Pentegra containing your Personal Identification Number
(PIN) to access your plan through www.pentegra.com. This
letter will signal the end of the Blackout Period.
Future
communications will provide more information about Pentegra's
system.
Questions
Please
contact Pentegra's Participant Call Center at (212) 503-2814 or
email
PentegraAnswers@pentegra.com
or contact your employer plan representative
For
more information on Pentegra please visit www.pentegra.com.