UNITED STATES
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 14, 2007
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COMMUNITY FINANCIAL SHARES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-51296 36-4387843
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(State or other Jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
357 Roosevelt Road, Glen Ellyn, Illinois 60137
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(Address of principal executive offices)
(630) 545-0900
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(Registrant's telephone number, including area code)
Not Applicable
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(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))
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
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APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF
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CERTAIN OFFICERS.
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(e) On November 14, 2007, the Board of Directors of Community Financial
Shares, Inc. (the "Company") renewed the terms of the Company's employment
agreement (the "Agreement") between the Company, the Company's subsidiary,
Community Bank Wheaton/Glen Ellyn, and Donald H. Fischer for one year.
The Agreement is filed as Exhibit 10.3 of the Company's Annual
Report on Form 10-K for the year ended December 31, 2006, as filed with the
Securities and Exchange Commission on March 30, 2007, and is incorporated herein
by reference.
SIGNATURES
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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.
Dated: November 20, 2007 By: /s/ Eric J. Wedeen
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Eric J. Wedeen
VICE PRESIDENT AND CHIEF FINANCIAL
OFFICER