1 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):May 21, 1998 Saratoga Bancorp (Exact name of registrant as specified in charter) California (State or other jurisdiction of incorporation) 2-77519-LA 94-2817587 (Commission (IRS Employer File Number) Identification No.) 12000 Saratoga-Sunnyvale Road, Saratoga, CA 95070 (Address of principal executive offices and ZIP code) None (Former name or former address, if changed since last report) Registrant's telephone number, including area code: (408)973-1111 PAGE 1 OF 3 PAGES 2 Item 5. Other Events. The shareholders of Saratoga Bancorp took the following action at the Annual Meeting of Shareholders held on May 21, 1998 at the Corporation's main office located at 12000 Saratoga-Sunnyvale Road, Saratoga, California: 1. Approved the election of management's slate of nominees for director, each of whom was an incumbent director, as follows: Votes For Withheld Victor Aboukhater 857,563 6,977 Robert G. Egan 857,653 6,977 William D. Kron 857,653 6,977 John F. Lynch, III 857.653 6,977 V. Ronald Mancuso 857,633 6,977 Richard L. Mount 858,756 5,874 2. Approved the amendments of the 1994 Stock Option Plan to increase the maximum number of shares available for options. Votes in favor of this proposal 718,499 Votes against this proposal 33,609 Votes abstaining 5,675 3. Approved the appointment of Deloitte & Touche LLP as independent public accountants for the 1998 fiscal year. Votes in favor of this proposal 859,290 Votes against this proposal 2,700 Votes abstaining 2,640 PAGE 2 of 3 3 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. SARATOGA BANCORP (Registrant) By: MARY PAGE ROURKE Mary Page Rourke Treasurer and Chief Financial Officer Date: June 10, 1998 THIS IS PAGE 3 OF 3 PAGES