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) April 22, 1997
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FIRSTFED BANCSHARES, INC.
.................(to be known as CoVest 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 Tuesday, April 22, 1997, at the annual meeting (the "Annual Meeting")
of FirstFed Bancshares, Inc. (the "Company"), the Company's stockholders
approved an amendment to Article I of the Company's Certificate of
Incorporation to change the name of the Company to CoVest Bancshares,
Inc. It is anticipated that this name change will become effective on or
about June 2, 1997. The Company's common stock is currently listed for
quotation on The Nasdaq Stock Market under the trading symbol "FFDP:
and beginning on June 2, 1997, will be listed under the symbol "COVB".
The Company, which is currently a thrift holding company owning all of the
capital stock of First Federal Bank, a federally chartered savings bank with
its main office in Des Plaines, Illinois the "Bank"), has applied to the
Office of the Comptroller of the Currency to convert the charter of the Bank to
that of a national bank, and has also applied to change the name of the Bank to
CoVest Banc, N.A.
At the Annual Meeting, the stockholders also approved an increase in the
number of authorized shares of common stock, $.01 par value per share,
from 5,000,000 to 7,500,000. Additionally, three directors were elected to
the Company's Board of Directors as Class II directors, and the appointment
of Crowe, Chizek and Company LLP, as the Company's auditors for the 1997
fiscal year, was ratified.
A copy of the press release announcing the above, dated April 22, 1997,
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: April 22, 1997
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
Form 7. Financial Statements, Pro Forma Financial Information and Exhibits
EXHIBIT 99.1
DES PLAINES, April 22, 1997 -- FirstFed Bancshares, Inc.
(NASDAQ: FFDP) announced that the Company, which is currently
a thrift holding company owning all of the capital stock of First Federal
Bank, a federally chartered savings bank with its main office in Des
Plaines, Illinois, has applied to the Office of the Comptroller of the
Currency to convert the charter of the Bank to that of a national bank,
and has also applied to change the name of the Bank to CoVest Banc, N.A.
At the Company's annual meeting, the Company's stockholdeers
approved an amendment to Article I of the company's Certificate
of Incorporation to change the name of the Company to CoVest
Bancshares, Inc. It is anticipated that this name change will become
effective on or about June 2, 1997. The Company's common stock
is currently listed for quotation on the Nasdaq National Market under
the symbol "FFDP" and beginning June 2, 1997, will be listed under
the symbol "COVB".
Also at the company's annual meeting, the stockholders approved
an increase in the number of authorized shares of common stock,
$.01 par value per share, from 5,000,000 to 7,500,000. Additionally,
three directors were elected to the Company's Board of Directors as
Class II directors, and the appointment of Crowe, Chizek and
Company LLP, as the Company's auditors for the 1997 fiscal year,
was ratified.
As of March 31, 1997, , FirstFed Bancshares had
consolidated assets of $552.6 million. The Bank operates
three full-service offices n Arlington Heights, Des Plaines
and Schaumburg.
