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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report February 24, 1997
CITIZENS COMMUNITY BANCORP, INC.
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(Exact Name of Registrant as Specified in Charter)
Florida 65-0614044
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(State of other jurisdiction) (IRS Employer Identification No.)
33-98090
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(Commission File Number)
650 East Elkcam Circle, Marco Island, Florida 34146
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(Address of Principal Executive Offices) (Zip Code)
(941) 389-1800
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
On October 10, 1995, Citizens Community Bancorp, Inc. ("Company")
adopted a Stock Warrant Plan ("Plan"). The Company offered and sold in its
public offering 650,000 Units consisting of one share of common stock and one
purchase warrant to purchase one-half share of common stock at $9.00 per share.
Under the Plan the warrants expired 24 months from the effective date of the
Company's Registration Statement filed with the Securities and Exchange
Commission which was December 7, 1995. The expiration date of the warrants was
therefore December 7, 1997.
On February 22, 1996, the Company amended the Plan, subject to
shareholder approval, to give the Board of Directors authority to extend the
expiration date for one or more periods, which in the aggregate does not exceed
24 months or as late as December 7, 1999. On April 24, 1996, the Company's
shareholders approved a resolution amending the Plan and granting the Board
authority to extend the expiration date of the warrants.
On February 18, 1997, the Board of Directors of the Company voted
to extend the expiration date of the warrants to June 16, 1998. Therefore, the
expiration date of all warrant certificates currently outstanding has been
extended to June 16, 1998. Under the authority granted to the Board, the
expiration date could be extended further, but not beyond December 7, 1999.
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.
CITIZENS COMMUNITY BANCORP, INC.
Date: February 24, 1997 /s/ Stephen H. McLaughlin
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Corporate Secretary
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