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)
April 18, 2000
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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 7. Financial Statements, Pro Forma Financial Information and Exhibits
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( c ) Exhibits
99 Press release dated April 18, 2000.
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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: April 18, 2000 By: /s/ Richard H. Burgart
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Richard H. Burgart
Chief Financial Officer
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EXHIBIT 99 Contact: Donald A. Glas, Chief Executive Officer
FSF Financial Corp. George B. Loban, President
Hutchinson, Minnesota Richard H. Burgart, Chief Financial Officer
(320) 234-4500
For Immediate Release
April 18, 2000
FSF Financial Corp. Announces Dividend and Stock Repurchase Plan
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Hutchinson, Minnesota (Nasdaq- "FFHH") - FSF Financial Corp., whose
direct subsidiaries include First Federal fsb, Insurance Planners of Hutchinson
Inc., Hutchinson, Minnesota and Homeowners Mortgage Corporation, Vadnais
Heights, Minnesota, announced that it will pay a regular quarterly dividend of
12.5 cents per share of common stock to stockholders of record on May 1, 2000,
payable on May 15, 2000.
In announcing the dividend, Donald A. Glas, Co-Chairman and Chief
Executive Officer, noted that the Board of Directors voted for payment of the
dividend after reviewing the preliminary operating results for the quarter ended
March 31, 2000. "Operating results for the second quarter are scheduled to be
released on Thursday, April 20, 2000," added Mr. Glas.
Mr. Glas also announced that the Corporation's Board of Directors has
authorized the repurchase of up to 250,000 shares, approximately 10% of the
outstanding shares of the Corporation's common stock. The shares will be
purchased in open market or privately negotiated 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.
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 Bank's deposits are
federally insured by the Federal Deposit Insurance Corporation. The Bank is a
community-oriented, full service retail bank offering a variety of deposit and
loan products. Insurance Planners of Hutchinson, Inc., is a property and
casualty insurance agency located in Hutchinson, Minnesota. Homeowners Mortgage
Corporation originates residential mortgage loans from offices in Vadnais
Heights and Hastings, Minnesota. The Corporation's common stock is traded in the
over-the-counter market on the Nasdaq National Market under the symbol "FFHH".
