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): November 17, 2007
(Exact name of registrant as specified in its charter)
Federal 000-50592 20-0411486
(State or other jurisdiction of incorporation) (Commission File No.) (I.R.S. Employer Identification No.)
1359 N. Grand Avenue, Covina, CA 91724
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (626) 339-9663
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
On November 17, 2007, K-Fed Bancorp's Board of Directors declared a quarterly cash dividend of $0.10 per share on its common stock. The dividend will be paid on December 10, 2007 to the shareholders of record on November 30, 2007.
A copy of the press release is included as Exhibit 99.1 to this report.
ITEM 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 – K-Fed Bancorp press release dated November 20, 2007.
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.
K-FED BANCORP
Date: November 20, 2007 By: /s/ Kay M. Hoveland
Kay M. Hoveland
President and Chief Executive Officer
PRESS RELEASE
K-FED BANCORP &# 160; ; 1.626.339.9663
1359 N. Grand Avenue 60; www.K-Fed.com
Covina, California 91724-1016
FOR IMMEDIATE RELEASE
For Additional Information Contact:
K. M. Hoveland (626) 339-9663
k.hoveland@kaiserfederal.net
K-FED BANCORP DECLARES QUARTERLY DIVIDEND
Covina, California – November 20, 2007 – K-Fed Bancorp announced today that on November 17, 2007 its Board of Directors declared a quarterly cash dividend of $0.10 per share on its common stock. The dividend will be paid on December 10, 2007 to the shareholders of record as of the close of business on November 30, 2007.
Net income for the three months ending September 30, 2007 was $993,000 with earnings for basic and diluted shares of $0.07 per common share.
K-Fed Mutual Holding Company, parent company of K-Fed Bancorp holding 8,861,750 of the outstanding shares, waived its receipt of the dividend.
K-Fed Bancorp is the parent corporation for Kaiser Federal Bank, a federally chartered savings association headquartered in Covina, California. The Bank operates three full service branches and six financial service centers in California, as well as a statewide network of 54 ATMs.
K-Fed Bancorp stock trades on NASDAQ under the KFED symbol, for additional information, visit www.k-fed.com or www.kaiserfederal.com.
