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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 Exchange Act of 1934
Date of Report (Date of earliest event reported)
October 21, 1997
STATEFED FINANCIAL CORPORATION
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(Exact name of Registrant as specified in its Charter)
Delaware 0-22790 42-1410788
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(State or other (Commission File No. (IRS Identification No.)
jurisdiction of incorporation)
519 Sixth Avenue, Des Moines, Iowa 50309-2473
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (515) 282-0236
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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
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On October 21, 1997, the Registrant issued the attached press release
and October 23, 1997 the Registrant issued clarification press release.
Items 7. Financial Statements and Exhibits
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(a) Exhibit
1. Press release, dated October 21, 1997
2. Press release, dated October 23, 1997
2.
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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.
STATEFED FINANCIAL CORPORATION
Date: October 24, 1997 By: /s/ JOHN F. GOLDEN
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John F. Golden
Chief Executive Officer
3.
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STATEFED FINANCIAL CORPORATION
519 Sixth Avenue
Des Moines, Iowa 50309
FOR MORE INFORMATION FOR IMMEDIATE RELEASE
Contact John F. Golden, President October 2l, l997
and Chief Executive Officer
at (515) 282-0236
STATEFED FINANCIAL CORPORATION
DECLARES STOCK DIVIDEND (AND ANNOUNCES EFFECTIVE
INCREASE IN CASH DIVIDEND)
DES MOINES, IOWA, (NASDAQ: "SFFC") StateFed Financial Corporation, the
parent corporation of State Federal Savings and Loan Association of Des
Moines, has announced that the Corporation will do a one-for-one stock split
in the form of a 100% stock dividend payable on or about November 14, 1997, to
shareholders of record on October 31, 1997. Under the terms of the stock
split, StateFed Financial Corporation shareholders will receive a dividend of
one share for every share held on the record date.
Mr. Golden stated that "the Board of Directors has declared this stock
dividend in recognition of the recent financial performance of the Company and
investor interest in our stock." Mr. Golden added that "the Board's action
will increase the number of shares of StateFed Financial Corporation's stock
outstanding, making it easier for small investors to purchase stock.
At September 30, l997, the Corporation has assets of $88 million and
stockholders' equity of $15 million. The Corporation's stock is quoted on the
Nasdaq National Market under the ticker symbol "SFFC". The corporation's stock
traded at $26.6875 per share as of October 17, 1997.
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STATEFED FINANCIAL CORPORATION
519 Sixth Avenue
Des Moines, Iowa 50309
FOR MORE INFORMATION FOR IMMEDIATE RELEASE
Contact John F. Golden, President October 23, 1997
and Chief Executive Officer
at (515) 282-0236
DES MOINES, IOWA, (NASDAQ:"SFFC") StateFed Financial Corporation, the
parent corporation of State Federal Savings and Loan Association of Des
Moines, today announced that following the implementation of its one-for-one
stock split, which will apply to stockholders of record on October 31, 1997,
the Company will pay a dividend of $.05 per quarter per share. The Company had
been paying a dividend of $.10 per quarter per share, and the new dividend rate
will effectively match the old.
