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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):
October 13, 1999
COMMERCIAL FEDERAL CORPORATION
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(Exact name of registrant as specified in its charter)
Nebraska 1-11515 47-0658852
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) (Identification Number)
incorporation)
2120 South 72nd Street, Omaha, Nebraska 68124
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code:(402) 554-9200
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Item 5. Other Events
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On October 13, 1999, Commercial Federal Corporation (the
"Registrant") filed suit in the United States District Court for
the District of Nebraska, seeking declaratory relief relating to
the Registrant's upcoming Annual Meeting of Stockholders
scheduled to take place on November 16, 1999 in Omaha, Nebraska.
The Registrant is seeking a declaration by the court that Mr. J.
Thomas Burcham, who has been nominated by Franklin Mutual
Advisors, LLC ("Franklin") for election as a director of the
Registrant at the upcoming Annual Meeting, and Mr. Matthew P.
Wagner, who has been nominated as an "alternate nominee" to
stand for election in the event that either of Franklin's
nominees is unable or unwilling to serve, are not eligible to be
nominated and/or to serve as directors of the Registrant since
they do not meet the eligibility requirements under applicable
federal banking laws and under a long standing qualification
provision of the Registrant's By-laws. The nomination of
Franklin's second nominee, George R. Zoffinger is not being
challenged in this suit. The Registrant is also seeking a
declaration by the court that a recent amendment to its By-laws
is a legally valid By-law. The By-law amendment continues in
place the current federal regulatory prohibition against certain
management interlocks that is scheduled to expire on January 1,
2000, and provides that no person who is a controlling person or
management official of a depository organization that operates
branches in any market in which the Registrant operates branches
shall be eligible to be nominated for service, or to serve, as a
director of the Registrant. As disclosed in Registrant's Form
8-K filing on October 5, 1999 this By-law amendment was adopted
because of recent experience with a former director of the
Registrant that operated a bank in direct competition with the
Registrant and because a pending change in the federal
regulation will, when such change becomes effective on January
1, 2000, loosen the restrictions currently in effect with
respect to such interlocking directorships.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits:
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None
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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 thereunto duly authorized.
COMMERCIAL FEDERAL CORPORATION
(Registrant)
Date: October 14, 1999 /s/ James A. Laphen
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James A. Laphen, President, Chief
Operating Officer and Chief Financial
Officer (Duly Authorized and Principal
Financial Officer)
