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)
June 7, 2002
STATEFED FINANCIAL CORPORATION
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(Exact name of Registrant as specified in its Charter)
Delaware 0-22790 42-1410788
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(State or other (Commission File No. (IRS Identification No.)
jurisdiction of incorporation)
13523 University Avenue, Clive, Iowa 50325
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (515) 223-8484
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N/A
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
On June 7, 2002, the Registrant issued the press release attached
hereto as Exhibit 99.
ITEMS 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Exhibits:
Exhibit 99 - Press release dated June 7, 2002
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.
STATEFED FINANCIAL CORPORATION
Date: June 7, 2002 By: /s/ Andra K. Black
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Andra K. Black
Executive Vice President and CFO
Exhibit 99.1
STATEFED FINANCIAL CORPORATION
13523 UNIVERSITY AVENUE
CLIVE, IOWA 50325
FOR MORE INFORMATION FOR IMMEDIATE RELEASE
Contact Andra K. Black June 7, 2002
Executive Vice President & CFO
at (515) 223-8484
STATEFED FINANCIAL CORPORATION
DECLARES CASH DIVIDEND AND
ANNOUNCES ANNUAL MEETING DATE
DES MOINES, IOWA - StateFed Financial Corporation, parent corporation of
State Federal Savings and Loan Association of Des Moines, announced today that
the Corporation will pay a regular cash dividend of $.10 (10 cents) per share
for the 4th quarter of the 2002 fiscal year. The dividend will be payable on
July 5, 2002 to shareholders of record on June 30, 2002.
State Federal serves central Iowa through its three offices located in Des
Moines and Clive, Iowa. At June 7, 2002, State Federal exceeded all applicable
regulatory capital requirements on a fully-phased in basis.
The Corporation had $96.5 million in assets and $14.5 million in
stockholders' equity as of March 31, 2002. The Corporation's stock trades on the
NASDAQ System under the symbol "SFFC".
The annual meeting of shareholders will be held at 2:30 p.m. on Wednesday,
October 23, 2002 at the West Des Moines Marriott, 1250 74th Street, West Des
Moines, Iowa 50266.
When used in this press release or other public shareholder communications,
or in oral statements made with the approval of an authorized executive officer,
the words or phrases "will likely result," "are expected to," "will continue,"
"is anticipated," "estimate," "project," "significantly" or similar expressions
are intended to identify "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. The
Company wishes to caution readers not to place undue reliance on any
forward-looking statements, which speak only as of the date made, and to advise
readers that various factors including regional and national economic
conditions, changes in levels of market interest rates, credit risks of lending
activities and competitive and regulatory factors could affect the Bank's
financial performance and could cause the Company's actual results for future
periods to differ materially from those anticipated or projected.
The Company does not undertake, and specifically disclaims, any obligations
to publicly release the result of any revisions, which may be made to any
forward-looking statements to reflect the occurrence of anticipated events or
circumstances after the date of such statements.