<PAGE>
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)
January 3, 2000
LSB FINANCIAL CORP.
- -------------------------------------------------------------------------------
(Exact name of Registrant as specified in its charter)
Indiana 0 - 25070 35-1934975
- -------------------------------------------------------------------------------
(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification
incorporation) No.)
101 Main Street, Lafayette, Indiana 47902
- -------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (765) 742-1064
- -------------------------------------------------------------------------------
N/A
- -------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
- ---------------------
Attached as Exhibit 99 is the Registrant's press release dated January
3, 2000 announcing that its subsidiary, Lafayette Savings Bank FSB has
received $1.4 million from Bennett Funding Corp. of Syracuse, NY, pursuant
to a settlement agreement entered into with the trustee in bankruptcy.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
- -------------------------------------------------------------------
(c) Exhibits:
The exhibit referred to in Item 5 of this Report and listed on the
accompanying Exhibit Index is filed as part of this Report and is
incorporated herein by reference.
<PAGE>
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: January 3, 2000 By: /s/Mary Jo David
----------------- -----------------------------------
Mary Jo David
Vice President and Chief Financial
Officer, Secretary and Treasurer
<PAGE>
Exhibit Index
Exhibit
Number Description
- ------- -----------------------------------------------
99 Press Release dated January 3, 2000
NEWS RELEASE
FOR IMMEDIATE RELEASE FOR MORE INFORMATION CONTACT:
John W. Corey
President and CEO (765) 742-1064
LAFAYETTE SAVINGS BANK RECOUPS MAJORITY OF INVESTMENT IN
BENNETT FUNDING CORP. LEASES
Lafayette, Ind. -- Jan. 3, 2000 -- LSB Financial Corp. (NASDAQ: LSBI), announced
that its wholly owned subsidiary, Lafayette Savings Bank FSB, has received $1.4
million from Bennett Funding Corp. of Syracuse, NY ("Bennett"), pursuant to a
settlement agreement entered into with the trustee in bankruptcy. This recovery
closes a long battle against the East Coast company that began in 1995 when
equipment leases sold to 200 financial institutions were called into question
after Bennett filed for Chapter 11 bankruptcy protection.
"We are pleased that our pursuit of this matter has resulted in such a
favorable outcome," said John Corey, President and CEO of Lafayette Savings Bank
and LSB Financial Corp. "Our initial reserve against potential lossess in this
matter proved to be both accurate and adequate, and with the receipt of these
funds we are able to put the matter behind us and focus on consistently
providing a good return to our shareholders."
Lafayette Savings Bank is headquartered in downtown Lafayette at 101 Main
St., next to James F. Riehle Plaza. It also operates branches on Lafayette's
east side at 1501 Sagamore Pkwy. North; on the south side of Lafayette at 833
Twyckenham Blvd.; and in West Lafayette at 1020A Sagamore Park Centre.
###