As filed with the Securities and Exchange Commission on March 19, 1998
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
(AMENDMENT NO. 1)
Mark One
[x] Annual Report Pursuant to Section 13 or 15(d) of the
Securities
Exchange Act of 1934 [Fee Required]
For the fiscal year ended June 30, 1997
or
[ ] Transition Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934 [No Fee Required]
For the transition period from ________ to ________.
Commission file number 0-25722
HF BANCORP, INC.
(Exact name of registrant as specified in its charter)
Delaware 33-0576146
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
445 E. Florida Avenue, Hemet, California 92543
(Address of principal executive offices)
Registrant's telephone number, including area code:
(909) 658-4411
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Name of each exchange
on which registered
NONE NONE
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, $.01 Par Value
(Title of class)
Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes [X] No [ ]
<PAGE>
Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 or Regulation S-K is not contained herein,
and will not be contained, to the best of registrant's knowledge,
in definitive proxy or information statements incorporated by
reference in Part III of the Form 10-K or any amendment to this
Form 10-K. [X]
The aggregate market value of the common stock held by
"non-affiliates" of the registrant (i.e., persons other than the
directors and executive officers of the registrant) was
$89,696,012 based upon the last sales price as quoted on The
Nasdaq Stock Market for September 5, 1997.
The number of shares of common stock of the registrant
outstanding as of September 5, 1997 was 6,281,875.
<PAGE>
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
PAGE 78
INDEPENDENT AUDITORS' REPORT
The Board of Directors
HF Bancorp, Inc.
Hemet, California
We have audited the accompanying consolidated statements of
financial condition of HF Bancorp, Inc. and subsidiary (the
"Company") as of June 30, 1997 and 1996, and the related
consolidated statements of operations, stockholders' equity and
cash flows for each of the three years in the period ended June
30, 1997. These consolidated financial statements are the
responsibility of the Company's management. Our responsibility is
to express an opinion on these financial statements based on our
audits.
We conducted our audits in accordance with generally accepted
auditing standards. Those standards require that we plan and
perform the audits to obtain reasonable assurance about whether
the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating
the overall financial statement presentation. We believe that
our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to
above present fairly, in all material respects, the financial
position of HF Bancorp, Inc. and subsidiary as of June 30, 1997
and 1996, and the results of their operations and their cash
flows for each of the three years in the period ended June 30,
1997 in conformity with generally accepted accounting principles.
/s/ Deloitte & Touche LLP
August 8, 1997
Los Angeles, California
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
Dated: March 19, 1998.
HF BANCORP, INC.
(Registrant)
By /s/ Richard S. Cupp
------------------------------
RICHARD S. CUPP,
PRESIDENT AND
CHIEF EXECUTIVE OFFICER
