SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): January 19, 2006
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First Federal Bankshares, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-25509 42-1485449
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(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of incorporation) Identification No.)
329 Pierce Street, Sioux City, Iowa 51101
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(Address of principal executive offices) (Zip Code)
(712) 277-0200
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(Registrant's telephone number, including area code)
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 (see General Instruction A.2. below):
[ ] 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 CRF 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
As previously reported, First Federal Bankshares, Inc. (the "Company")
has entered into an employment agreement with Michael W. Dosland, pursuant to
which Mr. Dosland will serve as President and Chief Executive Officer of the
Company and First Federal Bank (the "Bank"), the Company's wholly-owned
subsidiary. The employment agreement was attached as Exhibit 10 to the Company's
Current Report on Form 8-K, as filed with the Securities and Exchange Commission
on January 9, 2006. The employment agreement as filed incorrectly provided for
an effective date of January 4, 2005. The correct effective date is January 4,
2006. The corrected employment agreement is attached as Exhibit 10 hereto.
Item 5.02. Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers.
On January 19, 2006, the Company's board of directors appointed Michael
W. Dosland as a director of the Company. On that date, Mr. Dosland was also
appointed a director of the Bank. As previously disclosed, Mr. Dosland was
recently appointed President and Chief Executive Officer of the Company and the
Bank. In connection with his appointment to those positions, the Board expressed
its intention to appoint Mr. Dosland as a director of the Company and the Bank.
Except for the foregoing, there are no arrangements or understandings between
Mr. Dosland and any other person pursuant to which Mr. Dosland was selected as a
director. Additional information about Mr. Dosland's background and experience
is set forth in the press release attached as Exhibit 99 to the Company's Form
8-K filed on January 9, 2006, which information is incorporated herein by
reference.
Item 9.01. Financial Statements and Exhibits.
(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits.
10 Employment Agreement with Michael W. Dosland
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SIGNATURE
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 BANKSHARES, INC.
Dated: January 19, 2006 By: /s/ Michael W. Dosland
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Michael W. Dosland
President and Chief Executive Officer
(Duly authorized representative)
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