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 1, 2000
MASSACHUSETTS FINCORP, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-24791 04-3431804
(State or other Jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
70 Quincy Avenue, Quincy, Massachusetts 02169
(Address of principal executive offices)
(617) 825-5555
(Registrant's telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report.)
Item 5. Other Events.
On May 1, 2000, Massachusetts Fincorp, Inc. (the "Company") issued a
press release announcing the annual meeting shareholder vote results.
A press release announcing these results is attached as Exhibit 99.1.
Item 7. Financial Statements and Other Exhibits.
Exhibit 99.1 Press Release dated May 1, 2000.
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.
Dated: May 1, 2000 By: /s/ Paul C. Green
Paul C. Green
President and CEO
Exhibit 99.1 Press Release
MAY 1, 2000
PRESS RELEASE
From: Massachusetts Fincorp, Inc.
Contact: Paul C. Green, President & CEO
Corporate Office: 70 Quincy Avenue
Quincy, Massachusetts 02169
Telephone: (617) 825-5555
FOR IMMEDIATE RELEASE:
MASSACHUSETTS FINCORP, INC. ANNOUNCES
ANNUAL MEETING SHAREHOLDER VOTE RESULTS
Quincy, MA -- May 1, 2000 -- Massachusetts Fincorp, Inc. (OTCBB: MAFN), the
holding company for The Massachusetts Co-operative Bank announced the
results of the shareholder vote which took place at the annual meeting on
April 26, 2000. While shareholders re-elected current director, John P.
O'Hearn, Jr.; in an extremely close vote, shareholders elected Mr. Mark W.
Jaindl, Scott E. Buck, and William E. Schantz II to seats previously held
by the candidates nominated by the Board. In an election in which 97.6% of
total shares were voted, the new directors received 50.63% of total shares
voted compared to 48.35% for the slate nominated by the Board.
A proposal to ratify changes made by the Board to the Massachusetts
Fincorp, Inc. stock-based incentive plan was defeated by a slightly
narrower margin.
In his announcement of the results, Mr. Paul C. Green, President of
Massachusetts Fincorp, Inc. went on to say, "Both the Directors and the
management of the holding company and the bank have worked extremely hard
to develop the Bank for the benefit of the shareholders and the customers
we serve. We look forward to pursuing those same goals with the new
directors on board."
