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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
May 30, 1997 (May 27, 1997)
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Date of Report (Date of earliest event reported)
ACCESS ANYTIME BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-28894 85-0444597
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(State or other jurisdiction of Commission (IRS Employer
incorporation or organization) File Number Identification No)
801 Pile Street
Clovis, New Mexico 88101
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(Address of principal executive offices)
(505) 762-4417
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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
ANNUAL MEETING. At the Annual Meeting of Stockholders of Access Anytime BanCorp,
Inc. (the "Company") held May 30, 1997, the nominees, Mr. Guthals, Dr. Higgins,
Dr. Ottensmeyer, Mr. Moorhead, and Mr. Clark, were duly elected as Directors for
their recommended terms. It was with regret that the Board of Directors accepted
Dr. Everett Frost's letter of resignation (submitted after proxy material was
mailed) due to his extremely busy business schedule. Otherwise, Dr. Frost would
have been reelected. The Board will be seeking a replacement for Dr. Frost. The
ratification of the independent outside auditors for the year 1997 was also
approved by stockholders.
The other proposals, as listed below, were also approved by the requisite
vote of the stockholders:
(1) Amendment of the Certificate of Incorporation to limit the liability
of Directors of the Company in accordance with Delaware law;
(2) Amendment of the Certificate of Incorporation to eliminate certain
restrictions on the issuance of stock to Directors, officers, and
controlling persons;
(3) Amendment of the Certificate of Incorporation to add a "fair price"
provision;
(4) Approval of the 1997 Stock Option and Incentive Plan; and
(5) Approval of the Non-Employee Director Plan.
LEGAL PROCEEDINGS. The lawsuit filed by the Company's wholly-owned
subsidiary, FirstBank, against FirstBank's former Director and Chief
Executive Officer (see Part I, Item 3 - "Legal Proceedings" in the Company's
Annual Report on Form 10-KSB for the fiscal year ended December 31, 1996) has
been settled out of court by the Special Litigation Committee of FirstBank's
Board of Directors. FirstBank anticipates receiving proceeds from the
settlement and dismissing the lawsuit before the end of the second quarter.
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 undersigned
hereunto duly authorized.
ACCESS ANYTIME BANCORP, INC.
Date: May 30, 1997 By: /s/ Ken Huey, Jr.
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Ken Huey, Jr., President, Chief
Financial Officer and Director
