UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): June 13, 2006
VSB Bancorp, Inc.
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(Exact Name of Registrant as specified in its charter)
New York 0-50237 11-3680128
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(State or other jurisdiction Commission File IRS Employer
of incorporation) Number Identification No.
3155 Amboy Road, Staten Island, New York 10306
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Address of principal (Zip/Postal Code) executive offices
Registrant's telephone number: 718-979-1100
N/A
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(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:
[ ] Written communication 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))
TABLE OF CONTENTS
ITEM 8.01 OTHER EVENTS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
SIGNATURES
ITEM 8.01 OTHER EVENTS
On June 13, 2006, VSB Bancorp, Inc. (the "Company") announced today
that the Board of Directors has approved a management succession plan. Merton
"Mert" Corn, who has been President and CEO of the Company's subsidiary, Victory
State Bank, since it opened for business in November 1997, and President and CEO
of the Company since it was formed in 2003, will be retiring at the end of 2007.
The Board anticipates that Raffaele "Ralph" Branca, the Company's and the Bank's
Executive Vice President, Chief Financial Officer and Chief Operating Officer
for the past nine years, will be elected President and CEO of both the Company
and Victory State Bank. This information and the accompanying press release were
disseminated on June 13, 2006 through the broad distribution of the press
release in a manner designed to provide broad, non-exclusionary distribution of
the information to the public, but this voluntary report on Form 8-K is being
filed so that the public can have a consistent source for informational releases
by searching the SEC's EDGAR database.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
d.) Exhibits - Press Release dated June 13, 2006 of VSB Bancorp,
Inc., announcing that the Board of Directors has approved a
management succession plan, is annexed as Exhibit 99.1.
For additional information, see annexed Exhibit 99.1.
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 hereunto duly authorized.
Dated: June 13, 2006
VSB Bancorp, Inc.
By: /s/ RAFFAELE M. BRANCA
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Raffaele M. Branca
Executive Vice President and CFO
INDEX TO EXHIBITS
Exhibit No. Description
99.1 Press Release announcing that the Board of Directors has approved
a management succession plan.
2