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OMB APPROVAL
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OMB Number:
Expires:
Est'd Average Burden
Hours per Response
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United States
Securities and Exchange Commission
Proxy Statement Pursuant to Section 14(a)
Under the Securities Exchange Act of 1934
(Amendment No. _________)*
Filed by Registrant: [ ] Filed by a Party Other than the Registrant: [X]
Check the appropriate box:
[ ] Definitive proxy statement [ ] Confidential, for Use of the
Commission Only (as permitted by
Rule 14a-6(a)(2))
[ ] Definitive proxy statement
[X] Definitive additional materials [ ] Soliciting material pursuant to
Rule 14a-11(c) or Rule 14a-12
StateFed Financial Corporation
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(Name of Registrant as Specified in Its Charter)
Krause Gentle Corporation
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of filing fee (check the appropriate box):
[X] No fee required
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11
(1) Title of each class of securities to which transaction applies:________
(2) Aggregate number of securities to which transaction applies:___________
(3) Per unit price or other underlying value of transaction computed
pursuant to exchange act Rule 0-11 (set forth the amount on which the
filing fee is calculated and how it was determined):___________________
(4) Proposed maximum aggregate value of transaction:_______________________
(5) Total fee paid: _______________________________________________________
[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange Act Rule
0-11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number,
or the form or schedule and the date of its filing.
(1) Amount previously paid:________________________________________________
(2) Form, schedule, or registration statement no.:_________________________
(3) Filing party:__________________________________________________________
(4) Date filed:____________________________________________________________
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KRAUSE GENTLE CORPORATION
6400 Westown Parkway
West Des Moines, IA 50266
(515) 457-6000
Materials in Opposition to Management and the
Board of Directors of StateFed Financial Corporation
RE: ANNUAL MEETING OF SHAREHOLDERS - October 25, 2000
September 25, 2000
Dear Fellow Shareholder:
Krause Gentle Corporation has filed proxy materials with the Securities and
Exchange Commission concerning the upcoming StateFed Financial Corporation (the
`Company') annual meeting. We intend to use those materials to solicit proxies
to elect Kyle J. Krause and Dennis N. Folden as directors of the Company.
It is likely you will receive an annual report, proxy statement, and proxy
card from the Company's management and the Board before our materials arrive,
and you will be asked to return the Company's proxy card.
We encourage you NOT to vote your shares until you receive and review our
proxy materials. Thank you for your consideration.
Sincerely,
KRAUSE GENTLE CORPORATION
By:
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W.A. KRAUSE, President
THIS LETTER DOES NOT CONSTITUTE A SOLICITATION OF PROXIES FOR ANY MEETING
OF STATEFED FINANCIAL CORPORATION'S STOCKHOLDERS. ANY SUCH SOLICITATION WILL BE
MADE ONLY PURSUANT TO PROXY MATERIALS COMPLYING WITH THE REQUIREMENTS OF SECTION
14(a) OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, AND THE RULES AND
REGULATIONS THEREUNDER.
BENEFICIAL OWNERSHIP OF SHARES BY PARTICIPANTS IN THE SOLICITATION
The following table shows, as of September 5, 2000 (except as otherwise
noted), the shares of StateFed Common Stock beneficially owned by Krause Gentle
Corporation in the solicitation of proxies pursuant to
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this Proxy Statement. Krause Gentle Corporation has sole voting and investment
power over the shares beneficially owned.
<TABLE>
<CAPTION>
SHARES BENEFICIAL BENEFICIALLY OWNED PERCENT OF
OWNER AT SEPT. 5, 2000 CLASS
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<S> <C> <C>
Krause Gentle Corporation 149,000 9.87%
</TABLE>
KRAUSE GENTLE CORPORATION
6400 Westown Parkway
West Des Moines, IA 50266
(515) 457-6000
IF YOU HOLD YOUR SHARES THROUGH A BROKERAGE FIRM OR BANK, YOUR PROXY
MATERIALS WILL BE FORWARDED DIRECTLY TO YOU BY YOUR BANK OR BROKERAGE FIRM.
TO HELP US COMMUNICATE WITH YOU, WE WOULD APPRECIATE IT IF YOU WOULD TAKE A
FEW MINUTES TO FILL OUT THE INFORMATION REQUESTED BELOW.
AT YOUR REQUEST, WE WOULD ALSO BE PLEASED TO FORWARD COPIES OF OUR
MATERIALS TO YOUR PERSONAL STOCK BROKER OR FINANCIAL ADVISOR.
THANK YOU FOR YOUR TIME AND COOPERATION.
SHAREHOLDER INFORMATION:
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NAME: _________________________________________________________________________
ADDRESS: ______________________________________________________________________
CITY: _________________________ STATE: ________ ZIP: _______________
PHONE: _____________________ FAX: ______________________
I HOLD STATEFED FINANCIAL SHARES THROUGH: _____________________________________
(NAME OF BROKERAGE FIRM OR BANK)
NUMBER OF SHARES OWNED: _________________________
STOCK BROKER OR FINANCIAL ADVISOR INFORMATION:
---------------------------------------------
NAME: _______________________________ FIRM NAME: ____________________________
ADDRESS: ______________________________________________________________________
CITY: _________________________ STATE: ________ ZIP: _______________
PHONE: _____________________ FAX: ______________________
PLEASE RETURN THIS FORM TO OUR ATTENTION AT THE OFFICE INDICATED ABOVE. IF YOU
PREFER, YOU MAY FAX IT TO OUR OFFICES AT (515) 223-1593
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