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) August 27, 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 August 27, 1996, the Company issued a press release pertaining to a
regular quarterly dividend, the completion of the Stock Repurchase
Program dated 10/24/95, and the announcement of a new Stock Repurchase
Program. 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: August 27, 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
EXHIBIT 99.1
DES PLAINES, August 27, 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 7th consecutive regular quarterly dividend will be
payable on September 30, 1996 to holders of record on
September 13, 1996.
The Company also announced the completion of the Stock
Repurchase Program dated October 24, 1995. A total of
225,000 post-split adjusted shares were repurchased at an
average post-split adjusted price of $15.35.
The Company's Board of Directors approved yesterday, a new
Stock Repurchase Program, the Company's eighth, enabling the
Company to repurchase up to 100,000 shares of its
outstanding stock. These purchases will be made from time
to time at prevailing market prices. The stock will be used
for the issuance of shares in connection with the exercise
of previously granted stock options. The total common
shares outstanding as of today are 3,331,116.
As of June 30, 1996, FirstFed Bancshares had consolidated
assets of $635.1 million, and the Bank operates three full-
service offices in Arlington Heights, Des Plaines and
Schaumburg.
