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): April 15, 1997
CFSB Bancorp, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-18609 38-2920051
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(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
incorporation)
112 East Allegan Street, Lansing, Michigan 48933
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (517)371-2911
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Not Applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events
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On April 15, 1997 the registrant's Board of Directors authorized a stock
repurchase program pursuant to which the registrant may repurchase up to 235,000
shares of the registrant's common stock, representing approximately 5 percent of
the registrant's outstanding common stock, which repurchases are expected to be
completed over the next 12 months. The timing of the repurchases and the exact
number of shares to be repurchased will be dependent on future market
conditions. The Board of Directors approved a similar repurchase program in
June 1996 authorizing the Corporation to repurchase 246,000 shares of common
stock. This program is now complete. For information regarding the repurchase
program, reference is made to the registrant's press release dated April 16,
1997 which is attached hereto as Exhibit 99.1 and incorporated herein by
reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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Exhibit 99.1 - - Press Release dated April 16, 1997.
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.
CFSB BANCORP, INC.
(Registrant)
By: /s/ Robert H. Becker
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Robert H. Becker
President and Chief Executive Officer
Date: April 16, 1997