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) July 1, 2005
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Anchor BanCorp Wisconsin Inc.
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(Exact name of registrant as specified in its charter)
Wisconsin 000-20006 39-1726871
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
25 West Main Street, Madison, Wisconsin 53703
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (608) 252-8700
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Not Applicable
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(Former name, former address and former fiscal year, 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 3.01 Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing.
On July 1, 2005, Anchor BanCorp Wisconsin Inc. (the
"Company") received a notice from the Listing Qualifications
Department of The Nasdaq Stock Market ("Nasdaq") stating that
because Nasdaq had not received the Company's Annual Report Form
10-K for the year ended March 31, 2005 (the "Form 10-K"), the
Company's common stock listed on Nasdaq will be subject to
delisting at the opening of business on July 12, 2005 unless the
Company requests a hearing in accordance with Nasdaq's
Marketplace Rule 4800 Series. The Company intends to request a
hearing with a Nasdaq Listing Qualifications Panel (the "Pane")
pursuant to the procedures set forth in Nasdaq's Marketplace Rule
4800 Series to appeal the delisting. There can be no assurance
that the Panel will grant the Company's request for continued
listing. The Company's common stock will remain listed pending
the appeal. As a result of the Company's filing delinquency, a
fifth character "E" will be appended to the Nasdaq trading symbol
for the common stock. Accordingly, the trading symbol of the
Company's common stock was changed from "ABCW" to "ABCWE" at
the opening of business on July 6, 2005.
The Company previously reported that it was notified by
Ernst & Young LLP, the Company's independent registered public
accounting firm, that disclosure should be made and action taken
by the Company to prevent future reliance on previously-issued
audit reports and completed interim reviews of Ernst & Young LLP
related to the Company's consolidated financial statements for
fiscal 2005, 2004 and 2003 (including interim periods therein)
and prior financial statements included in annual and quarterly
reports on Forms 10-K and 10-Q filed by the Company with the SEC
because of material adjustments which were required as a result
of the Company's incorrect accounting for loans originated by the
Company through the Mortgage Partnership Finance ("MPF") 100
program of the Federal Home Loan Bank of Chicago. Ernst & Young
LLP stated its conclusion that the Company has a material
weakness in its system of internal controls over financial
reporting related to the accounting for the Company's
participation in the MPF 100 program.
The corrections which are necessary to restate the Company's
financial statements generally relate to the timing of the
recognition of income from its participation in the MPF program
and do not reflect a change in the underlying economics of the
Company's participation in the MPF program, the Company's
business or its future prospects.
The Company previously filed a Form 12b-25 with the SEC to
report a delay in the filing of the Form 10-K. Because of the
additional work necessary to restate the Company's financial
statements, the Company was not able to file its Form 10-K by the
due date of June 29, 2005. The Company expects that it will file
its Form 10-K in July 2005.
The Company's press release dated July 6, 2005 concerning
this matter is attached as Exhibit 99.1 hereto.
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Item 9.01 Financial Statements and Exhibits
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(a) Not applicable.
(b) Not applicable.
(c) The following exhibit is included with this Report:
Exhibit No. Description
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99.1 Press Release of Anchor BanCorp Wisconsin Inc.
dated July 6, 2005
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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 thereunto duly authorized.
ANCHOR BANCORP WISCONSIN INC.
By: /s/ Michael W. Helser
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Name: Michael W. Helser
Title: Executive Vice President and
Chief Financial Officer
Date: July 6, 2005
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