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): DECEMBER 14, 1999
FIRST SENTINEL BANCORP, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 000-23809 22-3566151
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(STATE OR OTHER JURISDICTION (COMMISSION FILE NO.) (I.R.S. EMPLOYER
OF INCORPORATION) IDENTIFICATION NO.)
1000 WOODBRIDGE CENTER DRIVE
WOODBRIDGE, NEW JERSEY
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
07095
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(ZIP CODE)
(732) 726-9700
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(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
NOT APPLICABLE
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(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
<PAGE>
ITEM 5. OTHER EVENTS.
First Sentinel Bancorp, Inc. (the "Registrant" or "First Sentinel")
announced the declaration of a special cash dividend in the amount of $.15 per
share on its outstanding common stock. The dividend will be paid on January 14,
2000 to stockholders of record as of the close of business on December 28, 1999.
The special cash dividend is in addition to the Company's regular quarterly cash
dividend of $.06 per share. The special cash dividend is based upon the
Company's current financial condition and results of operations, and should not
necessarily be expected during future periods.
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<PAGE>
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
The following Exhibits are filed as part of this report:
Exhibit 99 Press release dated December 14, 1999.
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.
FIRST SENTINEL BANCORP, INC.
By: /S/ John P. Mulkerin
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John P. Mulkerin
President and Chief Executive Officer
DATE: December 17, 1999
Exhibit Index
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The following Exhibits are filed as part of this report:
Exhibit 99 Press release dated December 14, 1999.
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Exhibit 99
FIRST SENTINEL BANCORP, INC.
1000 Woodbridge Center Drive, PO Box 5003, Woodbridge, New Jersey 07095
Phone: (732) 726-9700 Internet: www.firstsentinelbancorp.com
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NEWS RELEASE
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FOR IMMEDIATE RELEASE CONTACT: Ann C. Clancy
December 14, 1999 Investor Relations
Ph: (732)726-9700 x5514
Fax: (732) 726-5541
FIRST SENTINEL BANCORP DECLARES SPECIAL CASH DIVIDEND
Woodbridge, NJ - The Board of Directors of First Sentinel Bancorp, Inc., ("First
Sentinel") (NASDAQ: FSLA) the holding company for First Savings Bank, announced
today that the Board of Directors declared a special cash dividend in the amount
of $.15 per share on the Company's outstanding common stock. The special cash
dividend is in addition to the regular quarterly cash dividend, which was
recently increased to $.06 per share. The special cash dividend will be paid on
January 14, 2000, to stockholders of record as of the close of business on
December 28, 1999.
In announcing the special dividend, President and Chief Executive Officer John
P. Mulkerin stated that, "The special cash dividend represents the Company's
continued execution of its overall capital management strategy. We are dedicated
to improving the return on investment for our shareholders." The special cash
dividend is based upon the Company's current financial condition and results of
operations, and should not be expected during future periods.
First Sentinel common stock trades on the Nasdaq National Market under the
symbol "FSLA." First Sentinel Bancorp, Inc. is the holding company for
Woodbridge-based First Savings Bank, SLA. The Bank, which was founded in 1901,
currently operates 23 retail banking offices in Middlesex, Monmouth, Mercer and
Union Counties.
