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): April 23, 2008
BEN FRANKLIN FINANCIAL, INC.
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(Exact Name of Registrant as Specified in Charter)
Federal 000-52240 20-5838969
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(State or Other Jurisdiction) (Commission File No.) (I.R.S. Employer
of Incorporation) Identification No.)
830 East Kensington Road, Arlington Heights, Illinois 60004
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (847) 398-0990
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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
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On April 23, 2008, Ben Franklin Financial, Inc. (the "Company") announced
that its Board of Directors has authorized a stock repurchase program pursuant
to which the Company intends to repurchase up to 44,634 shares representing 4.8%
of its outstanding shares (excluding shares held by Ben Franklin Financial, MHC,
the Company's mutual holding company). The termination of the stock repurchase
program is the earlier of the close of business on December 31, 2008 or
completion of the program. The timing of the repurchases will depend on certain
factors, including but not limited to, market conditions and prices, the
Company's liquidity requirements and alternative uses of capital. Any
repurchased shares will be held as treasury stock and will be available for
general corporate purposes. The Company anticipates conducting such repurchases
in accordance with a Rule 10b5-1 trading plan.
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.
BEN FRANKLIN FINANCIAL, INC.
DATE: April 29, 2008 By:/s/ C. Steven Sjogren
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C. Steven Sjogren
President and Chief Executive Officer