1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 18, 1998 St. Paul Bancorp, Inc. (Exact name of registrant as specified in its charter) Delaware 01-15580 36-3504665 - ------------------------------------------------------------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation) No.) 6700 West North Avenue Chicago, Illinois 60707 - ------------------------------------------------------------------------- (Address of principal executive office) (Zip Code) Registrant's telephone number, including area code: (773) 622-5000 Not Applicable ------------------------------------------------------------- (Former name or former address, if changed since last report) Page 1 of 3 Pages 2 Item 5. Other Events On August 18, 1998 St. Paul Bancorp, Inc. (the "Company") announced a $9 million cost-reduction plan and a related pre-tax charge to earnings of $19 million to $23 million. A copy of the press release dated August 18, 1998 is attached as an exhibit. 2 3 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. ST. PAUL BANCORP, INC. -------------------------- (Registrant) /s/ Patrick J. Agnew -------------------------- Patrick J. Agnew President Attest: /s/ Clifford M. Sladnick - ------------------------------ Clifford M. Sladnick Senior Vice President, General Counsel and Corporate Secretary Date: August 18, 1998 3