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 18, 2007
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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 (Commission (IRS Employer
jurisdiction of File No.) Identification No.)
incorporation)
500 Delaware Avenue, Wilmington, Delaware 19801
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(Address of principal executive offices, including zip code)
(302) 792-6000
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(Registrant's telephone number, including area code)
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 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 CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
The Registrant announced that on April 18, 2007, its Executive Committee of
the Board adopted an administrative policy related to the future award of stock
options under the 2005 Incentive Compensation Plan. Under such administrative
policy, the future award of stock options under 2005 Incentive Compensation Plan
will have a minimum vesting period of four years and maximum option life of five
years from the date of grant. The policy provides that any change to the policy
will only be made following an approval vote by a majority of the shareholders
of the Registrant.
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: April 18, 2007 By:/s/ Stephen A. Fowle
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Stephen A. Fowle
Executive Vice President and Chief
Financial Officer