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): May 22, 2009
FIRST FEDERAL BANKSHARES, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-25509 42-1485449
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(State or Other Jurisdiction) (Commission File No.) (I.R.S. Employer
of Incorporation) Identification No.)
329 Pierce Street, Sioux City, Iowa 51101
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (712) 277-0200
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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))
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Item 8.01 Other Events
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule
or Standard; Transfer of Listing
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First Federal Bankshares, Inc. (the "Company"), the parent company of Vantus
Bank, has received a Nasdaq Staff Determination letter dated May 22, 2009
notifying the Company that, because of the Company's failure to timely file its
Form 10-Q for the period ended March 31, 2009, the Company has not complied with
Nasdaq Marketplace Rule 5250(c)(1). As the Company has previously reported, the
failure to timely file the Form 10-Q was due to the additional time needed by
the Company to determine the fair value of certain investment securities,
complete its financial statements, and have the report reviewed by its
accountants and attorneys. The Company intends to file the Form 10-Q immediately
following the completion of its assessment.
Under the rule, the Company has 60 calendar days, or until July 21, 2009, to
submit a plan to regain compliance and if accepted, the Company will be granted
an exception of up to 180 calendar days from the filing's due date, or until
November 11, 2009, to regain compliance. The Company anticipates that the filing
of the Form10-Q will be completed before a plan needs to be submitted to Nasdaq.
A press release related to the above matters is filed as an Exhibit to this
Form 8-K.
Item 9.01. Financial Statements and Exhibits
(a) Not Applicable.
(b) Not Applicable.
(c) Not Applicable.
(d) Exhibit: Press Release dated May 29, 2009
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.
FIRST FEDERAL BANKSHARES, INC.
DATE: May 29, 2009 By: /s/ Levon Mathews
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Levon Mathews
President and Chief Executive Officer