FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 8, 2000
Oregon Trail Financial Corp.
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(Exact name of registrant as specified in its charter)
Oregon 0-22953 91-1829481
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State or other jurisdiction Commission (I.R.S. Employer
of incorporation File Number Identification No.)
2055 First Street, Baker City, Oregon 97814
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number (including area code): (541) 523-6327
Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events
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On March 8, 2000, the Registrant announced that Nadine J. Johnson
resigned as Chief Financial Officer of the Registrant and its wholly-owned
subsidiary, Pioneer Bank, A Federal Savings Bank ("Pioneer Bank"), effective
June 30, 2000 to pursue other business interests. The Registrant has hired an
executive search firm to help locate and realign senior management of the
Registrant as well as Pioneer Bank in connection with the recent resignation
of its President and Chief Executive Officer and Ms. Johnson's announcement.
For further information, reference is made to the Registrant's press
release dated March 8, 2000, which is attached hereto as Exhibit 99 and
incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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Exhibit
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99 Press Release dated March 8, 2000
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SIGNATURES
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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.
OREGON TRAIL FINANCIAL CORP.
DATE: March 16, 2000 By: /s/ Zane F. Lockwood
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Zane F. Lockwood
President and Chief Executive Officer
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Exhibit 99
Press Release Dated March 8, 2000
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**FOR IMMEDIATE RELEASE**
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Contact:
Zane F. Lockwood, Interim President
Chad Holt, Human Resources Manager
(541) 523-6327
OREGON TRAIL FINANCIAL CORP.
CHIEF FINANCIAL OFFICER RESIGNS
(Baker City, Oregon; March 8, 2000). Stephen R. Whittemore, Chairman of
the Board of Oregon Trail Financial Corp. (Nasdaq NMS "OTFC") and its wholly-
owned subsidiary, Pioneer Bank, A Federal Savings Bank, announced today that
Nadine J. Johnson has resigned as Chief Financial Officer of the Company and
Pioneer Bank effective June 30, 2000. Ms. Johnson has stated that she will be
leaving the area to pursue other interests.
The Board of Directors of Oregon Trail and Pioneer Bank has retained an
executive search firm to help locate and realign senior management of the
Company and the Bank in connection with the recent resignation of its
President/Chief Financial Officer and Ms. Johnson's announcement.
The Company is the holding company for Pioneer Bank, which converted from
the mutual to stock form of organization October 3, 1997. At December 31,
1999, the Company had consolidated total assets of $363 million and
stockholders' equity of $54 million.
This press release contains certain "forward-looking statements." The
Company desires to take advantage of the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995 and is including this
statement for the express purpose of availing itself of the protection of such
safe harbor with respect to all of such forward-looking statements. The
Company's ability to predict results or the effect of future plans or
strategies is inherently uncertain. Factors that could affect actual results
include interest rate trends, the general economic climate in the Company's
market area and the country as a whole, loan delinquency rates, and changes in
federal and state regulations. These factors should be considered in
evaluating the forward-looking statements, and undue reliance should not be
placed on such statements.
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