Item 8.01 Other Events
OnJanuary 21, 2020 ,Community Savings Bancorp, Inc. (the "Company") (OTC Pink Marketplace : "CCSB"), the parent company ofCommunity Savings (the "Bank"), filed a Form 15 with theSecurities and Exchange Commission ("SEC") to deregister its common stock under Section 12(g) of the Securities Exchange Act of 1934, as amended. Upon filing the Form 15, the Company's obligation to file periodic reports with theSEC , including reports on Form 10-K, Form 10-Q and Form 8-K, was suspended. The Bank will continue to report detailed quarterly financial results to its regulators.Barry Parmiter , President and Chief Executive Officer of the Company, commented, "The Company is taking this action in order to reduce operating expenses. We believe that the continuing increased costs and administrative burdens of public company status, including our reporting obligations with theSEC , outweigh the benefits of public reporting."Mr. Parmiter also indicated that the Company intends to continue to post quarterly information regarding its results of operations and financial condition on www.mycommunitysavings.com and will continue to provide stockholders with an annual report containing audited financial statements. This Current Report on Form 8-K contains certain forward-looking statements that are based on assumptions and may describe future plans, strategies and expectations of the Company. 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." Certain factors that could cause actual results to differ materially from expected results include changes in the interest rate environment, changes in general economic conditions, legislative and regulatory changes that adversely affect the business of the Company and the Bank, and changes in the securities markets. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements to reflect changes in belief, expectations or events.
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