Item 8.01 Other Events.
On , the Board of Directors of Sugar Creek Financial Corp. (the "Company") authorized management of the Company to take the requisite action to terminate the registration of the Company's common stock under the Securities and Exchange Act of 1934, as amended. The Company is the savings and loan holding company for Tempo Bank (the "Bank").
The Company intends to file a Form 15 (Certification and Notice of Termination from Registration) with the Securities and Exchange Commission (the "SEC") on or about . Upon the filing of the Form 15, the Company's obligation to file periodic reports with the SEC, including Forms 10-K, 10-Q and 8-K, will be suspended immediately and will terminate when deregistration becomes effective 90 days after the Form 15 is filed.
Once deregistration becomes effective, the Company will no longer be required to file reports and forms with the SEC, including Forms 10-K, Forms 10-Q and Forms 8-K. The Bank, however, will continue to report detailed quarterly financial results via its Call Reports, which are publicly available on the Federal Deposit Insurance Corporation's website at www.fdic.gov. The Company anticipates that its common stock will continue to be quoted on the OTC Market (either the OTCQB Market, where the stock currently trades, or the OTCPink Market) to the extent market makers continue to make a market in the Company's shares. No guarantee, however, can be made that a trading market in the Company's common stock in any over-the-counter market will be maintained.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer