Form 8-K
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): May
13, 2006
UNITED
FINANCIAL BANCORP, INC.
(Exact
Name of Registrant as Specified in its Charter)
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Federal
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000-51369
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83-0395247
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(State
or Other Jurisdiction
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(Commission
File No.)
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(I.R.S.
Employer
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of
Incorporation)
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Identification
No.)
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95
Elm Street, West Springfield, Massachusetts
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01089
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (413)
787-1700
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):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
1.01 Entry
Into a Material Definitive Agreement
On
May 5,
2006, United Bank (the “Bank”), the principal operating subsidiary of United
Financial Bancorp, Inc. (the “Registrant”), entered into a Separation Agreement
and General Release (the “Agreement”) with its former Executive Vice President
and Chief Financial Officer, Mr. Donald F.X. Lynch. The Agreement was effective
on May 13, 2006.
The
Agreement provides that Mr. Lynch will receive a lump sum payment of one year’s
salary (less appropriate taxes and deductions), his 2005 bonus, the continuation
for one year of his health and dental insurance, and the transfer to Mr. Lynch
of ownership of his company car. Additionally, pursuant to the Agreement, the
Bank amended Mr. Lynch’s Supplemental Executive Retirement Plan to permit him to
receive early retirement benefits under the plan regardless of the fact that
Mr.
Lynch’s separation date occurred prior to his attaining age 62. The Agreement
also provides for a mutual release by the Bank and Mr. Lynch from claims against
the other.
Mr.
Lynch’s departure from the Registrant and the Bank was previously announced by
the Registrant in a Form 8-K filed on March 10, 2006.
The
Agreement is attached as Exhibit 10.1 and incorporated herein by reference.
Item
9.01 Financial
Statements and Exhibits
(a) Financial
statements of businesses acquired: Not Applicable.
(b)
Pro
forma
financial information: Not Applicable.
(c)
Shell
Company Transactions: Not Applicable
(d)
Exhibit: Exhibit 10.1: Separation
Agreement and General Release with Donald F.X. Lynch
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.
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UNITED
FINANCIAL BANCORP, INC.
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DATE:
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May
16, 2006
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By:
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/s/ Richard
B. Collins
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Richard
B. Collins
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President
and Chief Executive Officer
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