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): March 23, 2006
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First Federal Bankshares, Inc.
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(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 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
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On March 23, 2006, the Board of Directors of First Federal Bankshares, Inc.
(the "Company") appointed Michael S. Moderski as Senior Vice President/Chief
Financial Officer of the Company. On that date, Mr. Moderski was also appointed
Senior Vice President/Chief Financial Officer of First Federal Bank (the
"Bank"), the Company's wholly-owned subsidiary. Mr. Moderski will begin work
with the Company and the Bank on April 10, 2006.
Mr. Moderski's background includes nine years of increasing responsibility
in the finance departments of two separate banking organizations, one with $1.8
billion in total assets and another with $2.3 billion in total assets. Mr.
Moderski attained the level of Vice President in both of these organizations;
his primary responsibilities consisted of interest rate risk management,
investment management, liquidity and funds management, and budgeting and
forecasting. Prior to these experiences, Mr. Moderski was a bank examiner with
the Office of the Comptroller of the Currency (OCC) from 1992 to 1996. Mr.
Moderski has earned the Chartered Financial Analyst (CFA) designation and is 35
years old.
Item 9.01. Financial Statements and Exhibits.
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(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits.
None
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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: March 24, 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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