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
April 28, 2005
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Date of Report
(Date of earliest event reported)
WSFS Financial Corporation
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(Exact name of Registrant as specified in its Charter)
Delaware 0-16668 22-2866913
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(State or other jurisdiction (SEC Commission (IRS Employer
of incorporation) File No.) Identification
Number)
838 Market Street, Wilmington, Delaware 19899
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302)792-6000
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Not Applicable
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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 communications pursuant to Rule 425 under the Securities Act
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act
WSFS FINANCIAL CORPORATION
INFORMATION TO BE INCLUDED IN REPORT
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Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
Dale E. Wolf, a director of the Registrant, previously notified the
Board of Directors that he would not stand for re-election at the 2005 annual
meeting of stockholders of the Registrant, and effective April 28, 2005, the
date of the meeting, he stepped down from the Board. Mr. Wolf has been appointed
as an advisor to the Board of Directors and will receive an annual retainer and
meeting fees equivalent to one-half of a director's compensation. Mr. Wolf will
not be eligible for awards under the Registrant's stock benefit plans.
Additionally, Mr. Wolf will continue to serve as a director emeritus of the
Board of Directors of Wilmington Savings Fund Society, FSB, the Registrant's
wholly-owned subsidiary. He does not receive cash or stock compensation in his
capacity as a director emeritus.
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.
WSFS FINANCIAL CORPORATION
Date: May 3, 2005 By: Marvin N. Schoenhals
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Marvin N. Schoenhals
President and Chief Executive Officer