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): January 13, 1997
PULSE BANCORP,INC.
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(Exact name of Registrant as specified in its Charter)
New Jersey 0-18764 22-3016360
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
6 Jackson Street, South River, New Jersey 08882
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (908) 257-2400
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Not Applicable
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(Former name or former address, if changed since last Report)
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Item 5. Other Events
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As indicated under "Item 3. Legal Proceedings" of the Registrant's Form
10-K for the year ended September 30, 1996, the Registrant and its subsidiary,
Pulse Savings Bank, had filed claims under their malpractice insurance coverage
to recover losses associated with fictitious bridge loans, and a trial date of
January 13, 1997 had been established for the litigation. At the court
proceeding on January 13, 1997, the trial was postponed until March 17, 1997.
The case is a civil action in the Superior Court of New Jersey Law Division,
Middlesex County under the name Pulse Bancorp, Inc. et al. v. Estate of Stephen
J. Domenichetti et al. In addition to postponing the trial, the judge provided
the defendants three weeks, until no later than February 5, 1997, to submit an
expert's report on the issues of legal malpractice and accounting malpractice.
In addition, the judge ordered that a settlement conference be held on February
19, 1997.
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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.
PULSE BANCORP,INC.
Date: January 21, 1996 By: /s/ George T. Hornyak, Jr.
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George T. Hornyak, Jr.
President and Chief Executive Officer
