SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 26, 1999
WESTERFED FINANCIAL CORPORATION
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(Exact name of Registrant as specified in its Charter)
Delaware 0-22772 81-0487794
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(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification
incorporation) Number)
110 East Broadway, Missoula, Montana 59802
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (406) 721-5254
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N/A
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(Former name or former address, if changed since last report)
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Item 5. OTHER EVENTS
On November 4, 1999 the Registrant issued the press release
attached as Exhibit 99.2.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Exhibits
99.1 Resolution regarding change in fiscal year end
99.2 Press release, dated November 4, 1999
Item 8. CHANGE IN FISCAL YEAR.
WesterFed Financial Corporation's (the "Registrant") Board of
Directors passed a resolution on October 26, 1999, changing the
Fiscal year end from June 30 to December 31. The Registrant Will
report the transition period on Form 10-K.
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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.
WesterFed Financial Corporation
Date: November 4, 1999 By: /s/Lyle R. Grimes
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Lyle R. Grimes
President/Chief Executive Officer
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EXHIBIT 99.1
WESTERFED FINANCIAL CORPORATION
Resolution Adopted at the Meeting of the Board of Directors
Held on October 26, 1999
WHEREAS, the Board of Directors of the WesterFed Financial Corporation (the
"Company") believes it is in the best interests of the Company to change the
Company's fiscal year end
from June 30 to December 31.
NOW THEREFORE, upon motion duly made and seconded, it was unanimously
RESOLVED, that the fiscal year end be, and it hereby is, changed from June
30 to December 31.
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EXHIBIT 99.2
WESTERFED FINANCIAL CORPORATION ANNOUNCES
CHANGE IN YEAR END
Missoula, Montana - November 4, 1999 - WesterFed Financial Corporation (the
"Company")(NASDAQ - WSTR), the holding company for Western Security Bank (the
"Bank"), announced that the Board of Directors, at their October 26, 1999
meeting, voted to change the Company's fiscal year end to December 31 from a
fiscal year end of June 30. The Company will file with the SEC a report on Form
10-K covering the period from July 1, 1999 to December 31, 1999.
It is anticipated that the Annual Meeting of Shareholders will now be held
on the fourth Tuesday of April each year. Accordingly, the date of the next
Annual Meeting of Shareholders has been changed from October 24, 2000 to April
25, 2000. Notice of the Annual Meeting of Shareholders has been changed from
October 24, 2000 to April 25, 2000. Notice of the Annual Meeting of Shareholders
and a Proxy Statement will be delivered in March, 2000. To be considered for
inclusion in the proxy materials of the Company for the next Annual Meeting of
Shareholders, any Shareholder proposal must be submitted in writing and in
accordance with SEC Rules, to the Secretary of WesterFed Financial Corporation
at the Company's main office by December 28, 1999.
"A majority of the banking industry is on a calendar year-end," stated
Ralph K. Holliday, President/CEO of the Bank. "This change was made primarily
for the convenience of investors who analyze institutions on a calendar year
basis."
WesterFed Financial Corporation's only subsidiary, Western Security Bank,
which is Montana's largest savings bank, operates thirty-four offices in twenty
Montana communities.
CONTACT: James A. Salisbury, Treasurer/Chief Financial Officer
(406) 721-5254
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