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)
March 10, 2021

Home Federal Bancorp, Inc. of Louisiana
(Exact name of registrant as specified in its charter)
 
Louisiana
001-35019
02-0815311
(State or other jurisdiction
(Commission File Number)
(IRS Employer
of incorporation)
 
Identification No.)

624 Market Street, Shreveport, Louisiana
 
71101
(Address of principal executive offices)
 
(Zip Code)

Registrant’s telephone number, including area code
(318) 222-1145

Not Applicable
 (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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Common Stock (par value $.01 per share)
HFBL
Nasdaq Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 7.01                Regulation FD Disclosure

On March 10, 2021, Home Federal Bancorp, Inc. of Louisiana (the “Company”) announced that its Board of Directors declared a two-for-one stock split of the Company’s common stock in the form of a 100% stock dividend, payable on March 31, 2021 to shareholders of record at the close of business on March 22, 2021.  Based on 1,689,983 shares of common stock outstanding on March 9, 2021, the total number of shares outstanding after the stock split will increase to  3,379,965 shares.

For additional information, reference is made to the Company’s press release dated March 10, 2021, which is included as Exhibit 99.1 hereto and is incorporated herein by reference thereto.  The press release attached hereto is being furnished to the Securities and Exchange Commission and shall not be deemed to be “filed” for any purpose except as otherwise provided herein.

Item 9.01                 Financial Statements and Exhibits

(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.

The following exhibit is filed herewith.

 
 
Exhibit Number
 
 
Description
 
99.1
 



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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 thereunto duly authorized.


HOME FEDERAL BANCORP, INC. OF LOUISIANA
     
     
     
Date: March 10, 2021
By:
 /s/James R. Barlow
   
James R. Barlow
   
Chairman of the Board, President and
  Chief Executive Officer




3
Exhibit 99.1







FOR RELEASE: Wednesday, March 10, 2021 at 5:30 PM (Eastern)

HOME FEDERAL BANCORP, INC.OF LOUISIANA
DECLARES TWO-FOR-ONE STOCK SPLIT IN THE FORM OF A STOCK DIVIDEND

Shreveport, La., March 10, 2021 – Home Federal Bancorp, Inc. of Louisiana (Nasdaq: HFBL) (the "Company"), the holding company for Home Federal Bank (the "Bank"), announced today that its Board of Directors declared a two-for-one stock split in the form of a 100% stock dividend, payable March 31, 2021, to stockholders of record as of March 22, 2021.  Under the terms of the stock split, the Company’s stockholders will receive a dividend of one share for every share held on the record date.  The dividend will be paid in authorized but unissued shares of common stock of the Company.

The par value of the Company's stock will not be affected by the split and will remain at $0.01 per share.  The Company anticipates that the outstanding shares of stock after the split will be increased from approximately 1.7 million shares to 3.4 million shares. The Company’s most recent quarterly cash dividend was $0.165 per share payable on February 15, 2021.  The Board of Directors anticipates maintaining a similar level of total cash dividends to shareholders post-split; thus, the quarterly cash dividend will be adjusted to be $0.0825 per share.

James R. Barlow, Chairman of the Board, President and Chief Executive Officer stated, “I am pleased to announce that the Board of Directors has determined that this stock split in the form of a stock dividend is in the best interest of our shareholders, as we anticipate the reduced trading price per share and the doubling of the shares outstanding will promote new investor interest and improve liquidity in the market.  As always, our business strategy includes long term profitability and payment of dividends reflecting our strong commitment to enhancing shareholder value.”

Home Federal Bancorp, Inc. of Louisiana is the holding company for Home Federal Bank which conducts business from its seven full-service banking offices and home office in northwest Louisiana.  Additional information is available at www.hfbla.com.
Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995.  Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts.  They often include words like “believe,” “expect,” “anticipate,” “estimate” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could” or “may.”  We undertake no obligation to update any forward-looking statements.


Contact:
 
Home Federal Bancorp, Inc. of Louisiana
James R. Barlow, President and Chief Executive Officer
(318) 222-1145