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)
December 16, 1997
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FSF FINANCIAL CORP.
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Minnesota 0-24648 41-1783064
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(State or other jurisdiction (SEC File No. ) (IRS Employer
of incorporation) Identification
Number)
201 Main Street South, Hutchinson, MN 55350-2573
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (320) 234-4500
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Not Applicable
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(Former name or former address, if changed since last Report)
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FSF FINANCIAL CORP.
INFORMATION TO BE INCLUDED IN REPORT
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Item 5. Other Events
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FSF Financial Corp., Hutchinson, Minnesota, ("Registrant") the holding
company of First Federal fsb, announced that the Corporation's Board of
Directors has approved the repurchase of up to 301,000 shares of the
Corporation's Common Stock. It is anticipated that such shares of Common Stock
will be purchased in open market transactions from time to time during the next
twelve months.
A copy of a press release issued December 16, 1997 by the Registrant is
attached hereto as Exhibit 99 and is incorporated herein by reference in its
entirety.
<PAGE>
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits
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(c) Exhibits:
99 Press Release dated December 16, 1997.
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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.
FSF FINANCIAL CORP.
Date: December 16, 1997 By: /s/ Richard H. Burgart
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Richard H. Burgart
Chief Financial Officer
EXHIBIT 99
FSF Financial Corp. Contact: Donald A. Glas, Chief Executive Officer
Hutchinson, Minnesota (320) 234-4500
George B. Loban, President
(320) 234-4500
Richard H. Burgart, Chief Financial Officer
(320) 234-4500
For Immediate Release
December 16, 1997
FSF FINANCIAL CORP. ANNOUNCES
Regulatory Approval for Stock Repurchase
Hutchinson, Minnesota - December 16, 1997 -- (NASDAQ:FFHH) Donald A.
Glas, Chief Executive Officer of FSF Financial Corp., Hutchinson, Minnesota, the
holding company of First Federal fsb, announced today that the Corporation's
Board of Directors has authorized the repurchase of up to 10% of the
Corporation's Common Stock. The Corporation may purchase up to 301,000 shares of
Common Stock. It is anticipated that such shares of Common Stock may be
purchased in open market transactions from time to time during the next twelve
months, subject to the discretion of management pursuant to the terms of the
stock repurchase plan. The repurchase authorization is being adopted in
anticipation of approval of the 1998 Stock Compensation Plan recently submitted
to shareholders that will be considered at the Corporation's annual meeting on
January 20, 1998.
First Federal fsb is a federally-chartered stock savings bank
headquartered in Hutchinson, Minnesota. The Bank has eleven offices located in
Hutchinson (2), Hastings, Apple Valley, Buffalo, Glencoe, Inver Grove Heights,
Litchfield, Waconia, Waite Park, and Winthrop, Minnesota. The deposits are
federally-insured by the Federal Deposit Insurance Corporation. The Bank is a
community-oriented, full service retail bank. The Corporation's common stock is
traded in the over-the-counter market on the NASDAQ National Market System under
the symbol "FFHH."
