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): March 26, 2007
BANKFINANCIAL CORPORATION
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(Exact Name of Registrant as Specified in Charter)
Maryland 0-51331 75-3199276
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(State or Other Jurisdiction) (Commission File No.) (I.R.S. Employer
of Incorporation) Identification No.)
15W060 North Frontage Road, Burr Ridge, Illinois 60527
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (630) 242-7700
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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 (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 CFR 240.13e-4(c))
Item 8.01. Other Events.
On March 26, 2007, BankFinancial Corporation (the "Company") announced that
its Board of Directors (the "Board") has extended the expiration date of its
current share repurchase authorization from March 31, 2007 until September 30,
2007, and has increased by 1,158,759 shares the number of shares that can be
repurchased in accordance with the authorization. The increase represents
approximately 5% of the Company's issued and outstanding shares of common stock
as of March 23, 2007. As of March 23, 2007, the Company had repurchased
2,109,274 shares of its common stock out of the 2,446,625 shares that had been
previously authorized for repurchase.
As previously disclosed, the authorization permits shares to be repurchased
in open market or negotiated transactions, and pursuant to any trading plan that
may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange
Commission. The authorization will be utilized at management's discretion,
subject to the limitations set forth in Rule 10b-18 of the Securities and
Exchange Commission and other applicable legal requirements, and to price and
other internal limitations established by the Board. The authorization may be
suspended, terminated or modified at any time prior to September 30, 2007 for
any reason, including market conditions, the cost of repurchasing shares, the
availability of alternative investment opportunities, liquidity, and other
factors deemed relevant. These factors will also affect the timing and amount of
share repurchases.
In addition, the Company announced that its 2007 Annual Meeting of
Shareholders will be held on June 26, 2007 at 11:00 AM, Chicago, Illinois time.
The location of the meeting will be the Willowbrook Holiday Inn, 7800 South
Kingery Highway (Route 83), Willowbrook, Illinois 60527.
A copy of the press release announcing this item is attached as Exhibit 99
to this report. The information in the preceding paragraphs, as well as Exhibit
99, shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, nor shall it be deemed incorporated by reference in any
filing under the Securities Act of 1933.
Item 9.01. Financial Statements and Exhibits.
(a) Not Applicable.
(b) Not Applicable.
(c) Not Applicable.
(d) Exhibits.
Exhibit No. Exhibit
99 Press release dated March 26, 2007
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.
BANKFINANCIAL CORPORATION
DATE: March 26, 2007 By: /s/ F. Morgan Gasior
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F. Morgan Gasior
Chairman of the Board, Chief Executive Officer
and President
EXHIBIT INDEX
Exhibit No. Exhibit
99 Press release dated March 26, 2007