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): August 27, 2008
K-Fed
Bancorp
(Exact
name of registrant as specified in its charter)
Federal
000-50592
20-0411486
(State or
other jurisdiction of
incorporation) (Commission File
No.) (I.R.S. Employer
Identification No.)
1359 N. Grand Avenue,
Covina,
CA
91724
(Address
of principal executive
offices) (Zip
Code)
Registrant's
telephone number, including area
code: (626)
339-9663
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:
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
ITEM 8.01. Other Events.
On August
27, 2008, K-Fed Bancorp announced completion of the repurchase of 10% of its
outstanding publicly held common stock, or 508,788 shares. The
repurchase program was announced on January 26, 2008.
Upon
completion of the aforementioned stock repurchase program, the Board of
Directors authorized an additional stock repurchase program for up to 5% or
228,354 shares, of K-Fed's outstanding common stock in the open market, in block
trades or in privately negotiated transactions from time to time over a 6 to 12
month period depending on market conditions.
ITEM
9.01. Financial Statements and Exhibits.
(d)
Exhibits.
99.1 –
K-Fed Bancorp press release dated August 27, 2008.
.
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.
K-FED
BANCORP
Date:
August 27,
2008 By:
/s/ Kay M.
Hoveland
Kay
M. Hoveland
President
and Chief Executive Officer
PRESS
RELEASE
K-FED
BANCORP
1359
N. Grand Avenue
Covina,
California 91722-5107
FOR IMMEDIATE
RELEASE
For
Additional Information Contact:
Kay
Hoveland, President/CEO
Dustin
Luton, Chief Financial Officer
(626)
339-9663
K-FED
BANCORP ANNOUNCES COMPLETION OF STOCK REPURCHASE PROGRAM AND AUTHORIZES NEW
STOCK REPURCHASE PROGRAM
Covina,
California – August 27, 2008 – K-Fed Bancorp (NASDAQ: KFED) announced completion
of the repurchase of 10% of its outstanding publicly held common stock, or
508,788 shares. The repurchase program was announced on January 26,
2008. The shares were repurchased at prices between $10.25 and $11.85 per share
with an average price per share of $11.15.
Upon
completion of the aforementioned stock repurchase program, the Board of
Directors authorized an additional stock repurchase program for up to 5% or
228,354 shares, of K-Fed's outstanding common stock in the open market, in block
trades or in privately negotiated transactions from time to time over a 6 to 12
month period depending on market conditions.
K-Fed
Bancorp stock trades on NASDAQ under the KFED symbol, for additional
information, visit
www.k-fed.com
or
www.kaiserfederal.com
.
FORWARD-LOOKING
STATEMENTS:
STATEMENTS
CONTAINED IN THIS NEWS RELEASE THAT ARE NOT HISTORICAL FACTS MAY CONSTITUTE
FORWARD-LOOKING STATEMENTS (WITHIN THE MEANING OF SECTION 21E OF THE SECURITIES
EXCHANGE ACT OF 1934, AS AMENDED), WHICH INVOLVE SIGNIFICANT RISKS AND
UNCERTAINTIES. THE COMPANY INTENDS SUCH FORWARD-LOOKING STATEMENTS TO BE COVERED
BY THE SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS CONTAINED IN THE
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995, AND IS INCLUDING THIS
STATEMENT FOR PURPOSES OF INVOKING THESE SAFE HARBOR PROVISIONS. THE COMPANY'S
ABILITY TO PREDICT RESULTS OR THE ACTUAL EFFECT OF FUTURE PLANS OR STRATEGIES IS
INHERENTLY UNCERTAIN. FACTORS WHICH COULD HAVE A MATERIAL ADVERSE EFFECT ON THE
OPERATIONS AND FUTURE PROSPECTS OF THE COMPANY AND KAISER FEDERAL BANK INCLUDE,
BUT ARE NOT LIMITED TO, CHANGES IN INTEREST RATES, GENERAL ECONOMIC CONDITIONS,
LEGISLATIVE/REGULATORY CHANGES, MONETARY AND FISCAL POLICIES OF THE U.S.
GOVERNMENT, INCLUDING THE U.S. TREASURY AND THE FEDERAL RESERVE BOARD, THE
QUALITY OR COMPOSITION OF THE COMPANY'S LOAN OR INVESTMENT PORTFOLIOS, DEMAND
FOR LOAN PRODUCTS, DEPOSIT FLOWS, COMPETITION, DEMAND FOR FINANCIAL SERVICES IN
THE COMPANY'S MARKET AREA, THE POSSIBLE SHORT-TERM DILUTIVE EFFECT OF POTENTIAL
ACQUISITIONS AND ACCOUNTING PRINCIPLES, POLICIES AND GUIDELINES. THESE RISKS AND
UNCERTAINTIES SHOULD BE CONSIDERED IN EVALUATING FORWARD LOOKING STATEMENTS AND
UNDUE RELIANCE SHOULD NOT BE PLACED ON SUCH STATEMENTS.
Grafico Azioni K-Fed Bancorp (MM) (NASDAQ:KFED)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni K-Fed Bancorp (MM) (NASDAQ:KFED)
Storico
Da Gen 2024 a Gen 2025
