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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 (Date of earliest event reported): June 22, 2000
TCF Financial Corporation
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
001-10253 41-591444
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(Commission File Number) (IRS Employer Identification No.)
801 Marquette Avenue, Mail Code 100-01-A, Minneapolis, Minnesota 55402
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(Address of principal executive offices)
(612) 661-6500
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(Registrant's Telephone Number)
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Item 5. OTHER EVENTS
As previously disclosed, on March 8, 2000 the Corporation's Board of Directors
authorized a share repurchase program for up to 4,069,780 shares, or 5% percent
of the Corporation's outstanding common stock. The repurchase of common stock
may be made, from time to time, on the open market or in privately negotiated
transactions.
In conjunction with the foregoing, the Corporation has entered into an agreement
with a third party that provides the Corporation with an option to purchase up
to $50 million of the Corporation's common stock. The forward transactions can
be settled from time to time, at the Corporation's election, on a physical, net
cash or net share basis. In the case of net cash or net share settlement, the
amount at which these forward purchases can be settled depends principally upon
the future market price of the Corporation's common stock as compared with the
forward purchase price per share and the number of shares to be settled. The
final maturity date of the agreement is June 24, 2002.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
None
SIGNATURE
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.
Dated: June 22, 2000
TCF FINANCIAL CORPORATION
By /s/ Neil W. Brown
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Neil W. Brown
Its Executive Vice President,
Chief Financial Officer and Treasurer
