UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
Amendment No. 1
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ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2020
OR
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TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
FOR THE TRANSITION PERIOD FROM TO
Commission File Number 001-38224
PDL Community Bancorp
(Exact name of Registrant as specified in its Charter)
Federal |
82-2857928 |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer |
2244 Westchester Avenue Bronx, NY |
10462 |
(Address of principal executive offices) |
(Zip Code) |
Registrant’s telephone number, including area code: (718) 931-9000
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
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Trading Symbol(s) |
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Name of each exchange on which registered |
Common stock, par value $0.01 per share |
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PDLB |
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The NASDAQ Stock Market, LLC |
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YES ☐ NO ☒
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d)of the Act. YES ☐ NO ☒
Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YES ☒ NO ☐
Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). YES ☒ NO ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer |
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Accelerated filer |
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Non-accelerated filer |
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Smaller reporting company |
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Emerging growth company |
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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. ☐
Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES ☐ NO ☒
The aggregate market value of the voting and non-voting common equity held by non-affiliates of the Registrant, based on the closing price of the shares of common stock on The NASDAQ Stock Market on March 25, 2021 was $70,826,239.
As of March 25, 2021, the registrant had 17,024,207 shares of common stock, $0.01par value per share, outstanding.
Documents Incorporated by Reference
Portions of the Registrant’s Definitive Proxy Statement relating to the Annual Meeting of Stockholders, schedule to be held on May 25, 2021, are incorporated into Part III hereof.
EXPLANATORY NOTE
This Amendment No. 1 (“Amendment No. 1”) to the Annual Report on Form 10-K of PDL Community Bancorp (the “Company” “we,” “our” or “us”) for the fiscal year ended December 31, 2020, as filed with the Securities and Exchange Commission (“SEC”) on March 29, 2021 (the “2020 Annual Report”), is being filed to include in the 2020 Annual Report an updated listing of the Company’s subsidiaries as provided by Exhibit 21.1.
Pursuant to Rule 12b-15, the Company is including Item 15 of Part IV with this Amendment No. 1, solely to file the updated Exhibit 21.1 and the certifications required under Section 302 of the Sarbanes-Oxley Act of 2002. Because no financial statements have been included in this Amendment No. 1 and this Amendment No. 1 does not contain or amend any disclosure with respect to Items 307 or 308 of Regulation S-K, paragraphs 3, 4 and 5 of the certification have been omitted. We are not including the certifications under Section 906 of the Sarbanes–Oxley Act of 2002 as no financial statements are being filed with this Amendment No. 1.
This Amendment No. 1 does not affect any other portion of the 2020 Annual Report. Additionally, except as specifically referenced herein, this Amendment No. 1 does not reflect any event occurring after March 29, 2021, the filing date of the 2020 Annual Report.
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Table of Contents
ii
Item 15. Exhibits, Financial Statement Schedules.
(a)(3)Exhibits
1
Exhibit Index
Exhibit Number |
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Description |
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21.1* |
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31.1* |
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31.2* |
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101.INS |
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XBRL Instance Document |
101.SCH |
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XBRL Taxonomy Extension Schema Document |
101.CAL |
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XBRL Taxonomy Extension Calculation Linkbase Document |
101.DEF |
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XBRL Taxonomy Extension Definition Linkbase Document |
101.LAB |
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XBRL Taxonomy Extension Label Linkbase Document |
101.PRE |
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XBRL Taxonomy Extension Presentation Linkbase Document |
* |
Filed herewith. |
2
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Company Name |
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Date: May 24, 2021 |
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By: |
/s/ Carlos P. Naudon |
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Carlos P. Naudon |
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President, Chief Executive Officer and Director |
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, this Report has been signed below by the following persons on behalf of the Registrant in the capacities and on the dates indicated.
Name |
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Title |
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Date |
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/s/ Carlos P. Naudon |
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President, Chief Executive Officer and Director |
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May 24, 2021 |
Carlos P. Naudon |
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/s/ Frank Perez |
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Executive Vice President and Chief Financial Officer |
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May 24, 2021 |
Frank Perez |
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/s/ Steven A. Tsavaris |
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Executive Chairman and Director |
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May 24, 2021 |
Steven A. Tsavaris |
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/s/ James Demetriou |
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Director |
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May 24, 2021 |
James Demetriou |
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/s/ William Feldman |
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Director |
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May 24, 2021 |
William Feldman |
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/s/ Julio Gurman |
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Director |
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May 24, 2021 |
Julio Gurman |
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/s/ Maria Alvarez |
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Director |
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May 24, 2021 |
Maria Alvarez |
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/s/ Nick Lugo |
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Director |
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May 24, 2021 |
Nick Lugo |
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3
Exhibit 21.1
Subsidiaries of the Registrant
(a)Subsidiaries of PDL Community Bancorp:
Subsidiary NameState of Incorporation or Organization
Ponce BankFederal
Mortgage World Bankers, Inc.New York
(b)Subsidiaries of Ponce Bank:
Subsidiary NameState of Incorporation or Organization
Ponce De Leon Mortgage CorporationNew York
PFS Services Inc.New York
Exhibit 31.1
CERTIFICATION PURSUANT TO
RULES 13a-14(a) AND 15d-14(a) UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, Carlos P. Naudon, certify that:
1. |
I have reviewed this Amendment No. 1 to the Annual Report on Form 10-K of PDL Community Bancorp; |
2. |
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
Date: May 24, 2021 |
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By: |
/s/ Carlos P. Naudon |
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Carlos P. Naudon |
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President, Chief Executive Officer & Director |
Exhibit 31.2
CERTIFICATION PURSUANT TO
RULES 13a-14(a) AND 15d-14(a) UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, Frank Perez, certify that:
1. |
I have reviewed this Amendment No. 1 to the Annual Report on Form 10-K of PDL Community Bancorp; |
2. |
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
Date: May 24, 2021 |
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By: |
/s/ Frank Perez |
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Frank Perez |
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Executive Vice President and Chief Financial Officer |