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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)
April 20, 1999
LSB FINANCIAL CORP.
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(Exact name of Registrant as specified in its charter)
Indiana 0 - 25070 35-1934975
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(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification
incorporation) No.)
101 Main Street, Lafayette, Indiana 47902
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (765) 742-1064
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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 April 20, 1999, LSB Financial Corp. issued the
attached press release announcing a three for two stock split in the form of a
50 percent stock dividend.
The Exhibits referred to in Item 7 of this Report and listed on the
accompanying Exhibit Index are filed as part of this Report and are incorporated
herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
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(c) Exhibits:
Exhibit 99 - Press release dated April 20, 1999
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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 hereunto duly authorized.
LSB FINANCIAL CORP.
Date: April 20, 1999 By: /S/Mary Jo David
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Mary Jo David
Vice President, Chief Financial Officer,
Secretary and Treasurer
NEWS RELEASE
FOR IMMEDIATE RELEASE Contact John W. Corey
April 20, 1999 President
(765) 742-1064
LSB Financial Corp. Declares 3-for-2 Stock Split
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LSB Financial Corp. (NASDAQ:LSBI), the parent company of Lafayette Savings
Bank, FSB, today reported that its board of directors has declared a 3-for-2
stock split in the form of a 50-percent stock dividend. The dividend will be
distributed to shareholders of record as of May 14, 1999. The payment date will
be June 4, 1999, with cash paid in lieu of fractional shares.
"Our Board took this action as a continuation of our goal to maximize
long-term shareholder value," said President and CEO John W. Corey. "It is our
intent for this action to increase the number our outstanding shares and to
lower the price of our stock, making it more affordable, adn therefore
increasing its liquidity."
The closing price of LSB stock on April 19, 1999, was $27.125 per share as
reported by the NASDAQ National Market.
