k1007.htm
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): October 7, 2008
| First Financial
Northwest, Inc. |
(Exact
name of registrant as specified in its charter)
|
Washington
|
|
001-3365
|
|
26-0610707
|
|
State or other jurisdiction of
incorporation
|
|
Commission
File
Number
|
|
(I.R.S.
Employer
Identification
No.)
|
|
|
|
|
|
|
|
201 Wells Avenue South, Renton,
Washington
|
|
98057
|
|
(Address
of principal executive
offices)
|
|
(Zip
Code)
|
Registrant’s
telephone number (including area code) (425) 255-4400
(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.
|
[ ]
|
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
|
|
[ ]
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange
Act
|
Item 8.01 Other
Events
First
Financial Northwest, Inc. (the “Company”) announced on October 7, 2008 that the
Company’s Board of Directors declared a quarterly cash dividend of $0.085 per
share on the Company’s outstanding shares of common stock. The
dividend will be paid on November 5, 2008 to shareholders of record as of the
close of business on October 21, 2008. The press release announcing
the dividend is attached as Exhibit 99.1 and incorporated by reference
herein.
Item 9.01 Financial
Statements and Exhibits
(c) Exhibits
99.1 Press
Release of First Financial Northwest, Inc. dated October 7,
2008
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 FINANCIAL
NORTHWEST, INC. |
| |
|
| |
|
| Date: October
7, 2008 |
By: Victor
Karpiak
|
| |
Victor
Karpiak |
| |
Chairman,
President and Chief Executive
Officer |
Exhibit
99.1
Press
Release of First Financial Northwest, Inc. dated October 7, 2008
**For
Immediate Release**
For more
information, contact:
Victor
Karpiak: (425) 255-4400
First
Financial Northwest, Inc. Increases Dividend and Declares
Third
Quarterly Cash Dividend
Renton,
Washington – October 7, 2008 – First Financial Northwest, Inc.
(Nasdaq GS: FFNW) reported that on October 7, 2008 its Board of Directors
increased its dividend and declared its third quarterly cash dividend of $0.085
per share on its common stock.
The
dividend will be paid on November 5, 2008 to shareholders of record as of the
close of business on October 21, 2008. This is the third cash
dividend for First Financial, since the completion of its mutual to stock
conversion on October 9, 2007.
Victor
Karpiak, Chairman, President and CEO of First Financial stated, “In spite of the
challenging economic environment we are pleased, that as a result of the
Company’s capital strength, earnings and financial condition, that we are able
to increase the dividend to our shareholders.”
First
Financial Northwest, Inc. is a Washington corporation headquartered in Renton,
Washington. It is the parent company of First Savings Bank Northwest, a
Washington chartered stock savings bank that was originally organized in 1923.
The Company serves the Puget Sound Region of Washington that includes King,
Snohomish and Pierce Counties, through its full-service banking office. The
Company is part of the America’s
Community
Bankers NASDAQ Index. For additional information about the Company and the Bank,
please visit our website at www.fsbnw.com and
click on the “Investor Relations” section.
Forward-looking
statements:
Certain
matters discussed in this press release may contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements relate to, among other things, expectations of
the business environment in which the Company operates, projections of future
performance, perceived opportunities in the market, potential future credit
experience, and statements regarding the Company's mission and vision. These
forward-looking statements are based upon current management expectations and
may, therefore, involve risks and uncertainties. The Company's actual results,
performance, or achievements may differ materially from those suggested,
expressed, or implied by forward-looking statements as a result of a wide
variety or range of factors including, but not limited to, interest rate
fluctuations; economic conditions in the Company's primary market area; demand
for construction/land development, residential, commercial real
estate, consumer, and other types of loans; success of new products; competitive
conditions between banks and non-bank financial service providers; regulatory
and accounting changes; technological factors affecting operations; pricing of
products and services; and other risks detailed in the Company's reports filed
with the Securities and Exchange Commission. Accordingly, these factors should
be considered in evaluating forward-looking statements, and undue reliance
should not be placed on such statements. The Company undertakes no
responsibility to update or revise any forward-looking statement.