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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 Act of 1934
Date of Report (Date of earliest event reported) MAY 29, 1996
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FIRSTFED BANCSHARES, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-20160 36-3820609
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
749 Lee Street, Des Plaines, Illinois 60016
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (847) 294-6500
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Item 5. Other Events
On May 29, 1996, the Company issued a press release pertaining to a
regular quarterly dividend. The text of the press release is attached
hereto as Exhibit 99.1.
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.
Dated: May 29, 1996
FIRSTFED BANCSHARES, INC.
By: /s/ Larry G. Gillie
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Name: Larry G. Gillie
Title: President &
Chief Executive Officer
By: /s/ Paul A. Larsen
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Name: Paul A. Larsen
Title: Senior Vice President &
Chief Financial Officer
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EXHIBIT 99.1
DES PLAINES, May 29, 1996 -- FirstFed Bancshares, Inc.
(NASDAQ: FFDP) the holding company for First Federal Bank
for Savings of Des Plaines, Illinois, announced today that
the Company's board of directors has declared a $.10 per
share regular quarterly dividend. This dividend, which is
the 6th consecutive regular quarterly dividend will be
payable on June 28, 1996 to holders of record on June 14,
1996.
As a result of the recent 3-for-2 stock split, this dividend
of $.10 per share represents a 50% increase in the effective
dividend rate, and a yield of 2.58% based upon the closing
price on May 28, 1996.
The Company also reported 139,000 post-split adjusted shares
of FirstFed Bancshares Stock have been acquired by the
Company through the current stock repurchase plan which is
the seventh in the Company's history. There remains 86,000
shares to be repurchased in this most recent program, and
the stock will be used for the issuance of shares in
connection with the exercise of previously granted stock
options. The total shares outstanding as of today are
3,389,866.
As of March 31, 1996, FirstFed Bancshares had consolidated
assets of $624.0 million, and the Bank operates three full-
service offices in Arlington Heights, Des Plaines and
Schaumburg.
