Business Context and Reporting Period
OceanFirst Financial Corp. filed this Form 8-K on July 21, 2005, to report the announcement of financial results for the three months ended June 30, 2005. The filing also discloses corporate governance changes and a dividend declaration.
Key Financial Metrics
The filing references a press release (Exhibit 99.1) for detailed financial results but does not contain specific numerical data within the text provided.
- Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide clear values for these metrics. Investors must refer to the attached press release for specific figures.
- Dividend: A regular quarterly cash dividend of $0.20 per share was declared.
Material Changes and Corporate Events
- Director Resignation: James G. Kiley resigned from the Boards of Directors of OceanFirst Financial Corp. and OceanFirst Bank effective July 20, 2005. The resignation was accepted and is not due to any disagreement with the Company regarding operations, policies, or practices.
- Dividend Declaration: The Board declared a $0.20 per share dividend payable on August 12, 2005, to stockholders of record as of July 29, 2005.
Guidance, Outlook, and Risks
The filing text does not provide specific guidance, outlook, management commentary, or risk factors beyond the standard disclosure of the director's resignation and the reference to the press release for operational results.
Investor Verification Checklist
- Review the attached press release (Exhibit 99.1) for specific Q2 2005 revenue, earnings, and balance sheet figures.
- Confirm the record date (July 29, 2005) and payment date (August 12, 2005) for the $0.20 dividend.
- Verify the composition of the Board of Directors following the resignation of James G. Kiley.