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): August 10, 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
(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 2.02. Results of Operations and Financial Condition.
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Item 7.01. Regulation FD Disclosure.
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On August 11, 2009, First Federal Bankshares, Inc. (the "Company") issued a
press release disclosing financial results at and for the fiscal year and
quarter ended June 30, 2009 and 2008. The press release also provided an update
of regulatory enforcement actions and addressed management's belief that the
Company's independent registered public accounting firm may express substantial
doubt about the Company's ability to continue as a going concern in the
auditors' report contained within the Company's annual report on Form 10-K. The
press release providing additional details of the foregoing is included as
Exhibit 99.1 to this report.
The information in the preceding paragraph, as well as Exhibit 99.1
referenced therein, 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 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers
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On August 10, 2009, Levon L. Mathews submitted his resignation as President
and Chief Executive Officer of the Company and Vantus Bank (the "Bank"), the
bank subsidiary of the Company. Mr. Mathews' resignation is effective September
25, 2009 and he is expected to remain as President and Chief Executive Officer
of the Company and the Bank through that date. The Board of Directors has
initiated a search for a successor to Mr. Mathews and will consider internal as
well as external candidates for the position.
A press release providing additional details of the foregoing is included
as Exhibit 99.1 to this report.
Item 9.01. Financial Statements and Exhibits
(a) Not Applicable.
(b) Not Applicable.
(c) Not Applicable.
(d) Exhibit.
99.1 Press release dated August 11, 2009
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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: August 14, 2009 By: /s/ Levon L. Mathews
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Levon L. Mathews
President and Chief Executive Officer
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EXHIBIT INDEX
The following exhibits are filed as part of this report:
Exhibit No. Description
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99.1 Press Release of First Federal Bankshares, Inc.
EXHIBIT 99.1
PRESS RELEASE OF FIRST FEDERAL BANKSHARES, INC.