SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 20, 1999
FIRST FEDERAL FINANCIAL CORPORATION OF KENTUCKY
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(Exact name of registrant as specified in its charter)
Kentucky 0-18832 61-1168311
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
2323 Ring Road, Elizabethtown, Kentucky 42701
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area cod: (502)765-2131
Not Applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events
On September 28, 1999 the registrant's Board of Directors authorized
establishment of a stock repurchase program pursuant to which the registrant may
repurchase up to 392,962 shares of its common stock, which represents
approximately 10% of its outstanding stock, from time to time in the open
market. Such stock purchases are expected to be completed within 18 months. For
information regarding the repurchase program, reference is made to the
registrant's press release dated October 14, 1999 which is attached hereto as
Exhibit 28.1 and incorporated herein by reference.
Item 7. Financial Statements, Pro Forms Financial Information
and Exhibits
Exhibit 28.1 - Press Release dated October 14, 1999.
EXHIBIT 28.1 NEWS RELEASE
For Immediate Release - October 14, 1999
Contact: B. Keith Johnson
President & C.E.O.
FIRST FEDERAL FINANCIAL CORPORATION OF KENTUCKY
ANNOUNCES NEW STOCK REPURCHASE PROGRAM
ELIZABETHTOWN, Kentucky (October 14, 1999) - First Federal Financial Corporation
of Kentucky (NASDAQ symbol "FFKY") announced today that it is commencing another
stock repurchase program to acquire up to 10% of the corporation's currently
outstanding shares of common stock. The program will be dependent upon market
conditions and S.E.C. regulations, and there is no guarantee as to the exact
number of shares to be repurchased by the corporation.
B. Keith Johnson, President and C.E.O. stated, "The corporation's previous
repurchase programs have been very successful. The programs, which began in
1995, have repurchased a total of 605,545 shares and have resulted in an
enhancement to earnings per share. Due to these successes, the Board of
Directors has decided to implement a new 18-monh stock repurchase program."
According to Mr. Johnson, the repurchase generally would be effected through
open market purchases, although he did not rule out the possibility of
unsolicited negotiated transactions or other types of repurchases.
The common stock of First Federal Financial Corporation is traded on the NASDAQ
system under the symbol "FFKY." Market makers for the stock are Capital
Resources, Inc.-J.J.B. Hilliard, W.L. Lyons, Inc.-and Stifel, Nicholaus &
Company, Inc.
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.
FIRST FEDERAL FINANCIAL CORPORATION
OF KENTUCKY
BY: B. Keith Johnson
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B. Keith Johnson
President & Chief Executive Officer
Date: October 20, 1999