Item 8.01 Other Events.
On April 1, 2021, Broadway Financial Corporation ("Broadway" or the "Company")
(NASDAQ Capital Market: BYFC), announced that Broadway and CFBanc Corporation
("CFBanc") completed merger of equals. In that filing, Broadway indicated that
it would amend the Form 8-K at a later date to include the financial information
required by Item 9.01 of Form 8-K. This amendment to Broadway's April 1, 2021
Form 8-K is being filed to provide such financial information, which is attached
to this report as Exhibits 99.1 and 99.2.
Item 9.01 Financial Statements and Exhibits.
(a) Financial statements of businesses acquired.
The audited consolidated balance sheets of CFBanc Corporation and Subsidiaries
as of December 31, 2020 and 2019, and the related consolidated statements of
income, comprehensive income, changes in shareholders' equity, and cash flows
for each of the two years in the period ended December 31, 2020, and the related
notes and report of independent auditors thereto, are attached hereto as Exhibit
99.1 and incorporated by reference herein (collectively, the "CFBanc Audited
Information").
(b) Pro forma financial information.
Broadway and CFBanc unaudited pro forma condensed combined balance sheet as of
December 31, 2020, and the unaudited pro forma condensed combined statements of
income for the year ended December 31, 2020, and the related notes to the
unaudited pro forma condensed combined financial information, are attached
hereto as Exhibit 99.2 and incorporated by reference herein (collectively, the
"Broadway-CFBanc Pro Forma Financial Information").
(c) Exhibits
Exhibit
No. Description of Exhibit
23.1 Consent of BDO USA, LLP.
99.1 CFBanc Audited Information.
99.2 Broadway-CFBanc Pro Forma Financial Information.
2
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