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): February 3, 2010
MAGYAR BANCORP, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-51726 20-4154978
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(State or Other Jurisdiction) (Commission File No.) (I.R.S. Employer
of Incorporation) Identification No.)
400 Somerset Street, New Brunswick, New Jersey 08901
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (732) 342-7600
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Not Applicable
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(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 (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events
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On February 3, 2010, Magyar Bancorp, Inc. (the "Company") issued a press
release announcing that the Company would suspend the payment of quarterly
retainers to members of its Board of Directors for 2010. The text of the press
release is attached as Exhibit 99.1 to this report.
Item 9.01 Financial Statements and Exhibits
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(a) Financial Statements of businesses acquired. Not Applicable.
(b) Pro forma financial information. Not Applicable.
(c) Shell Company Transactions. Not Applicable
(d) Exhibits.
The following Exhibit is attached as part of this report:
99.1 Press release, dated February 3, 2010, announcing the
suspension of payment of quarterly retainers to directors
for 2010.
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.
MAGYAR BANCORP, INC.
DATE: February 3, 2010 By: /s/ John S. Fitzgerald
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John S. Fitzgerald
Acting President and Chief Executive Officer
EXHIBIT INDEX
Exhibit No. Description
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99.1 Press release, dated February 3, 2010,
announcing the suspension of payment of
quarterly retainers to directors for 2010.