form8k-87958_mgyr.htm
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): November 16, 2007

MAGYAR BANCORP, INC.
(Exact Name of Registrant as Specified in Charter)

Delaware
0-51726
20-4154978
(State or Other Jurisdiction)
(Commission File No.)
(I.R.S. Employer
of Incorporation)
  
Identification No.)
     

400 Somerset Street, New Brunswick, New Jersey
08901
(Address of Principal Executive Offices)
(Zip Code)

Registrant's telephone number, including area code:     (732) 342-7600



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 5.03(a).
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

On November 16, 2007, the Board of Directors of Magyar Bancorp, Inc. (the “Company”) unanimously approved an amendment to Article XI. Section 1. of the Company’s Bylaws to authorize (but not require) uncertificated shares of common stock. As a result of the amendment, which was effective on November 16, 2007, the Company’s shares became eligible for listing on the Depository Trust Company’s Direct Registration System (“DRS”), as required by the NASDAQ stock market for all listed companies.

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)
Exhibits.

The following Exhibit is attached as part of this report:


 
Magyar Bancorp, Inc. Bylaws, as amended







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.

 
MAGYAR BANCORP, INC.
  
       
       
       
DATE: November 16, 2007
By:
/s/ Elizabeth E. Hance
  
 
Elizabeth E. Hance
  
 
President and Chief Executive Officer
  




EXHIBIT INDEX

Exhibit No.
Description
   
99.1
Magyar Bancorp, Inc. Bylaws, as amended.