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): March 27, 2008
BANKFINANCIAL CORPORATION
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(Exact Name of Registrant as Specified in Charter)
Maryland 0-51331 75-3199276
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(State or Other Jurisdiction) (Commission File No.) (I.R.S. Employer
of Incorporation) Identification No.)
15W060 North Frontage Road, Burr Ridge, Illinois 60527
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (630) 242-7700
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Not Applicable
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(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 8.01. Other Events.
On March 27, 2008, BankFinancial Corporation (the "Company") announced that
its Board of Directors (the "Board") has extended the expiration date of its
current share repurchase authorization from March 31, 2008 until November 15,
2008, and has increased by 201,639 shares the number of shares that can be
repurchased in accordance with the authorization. The increase represents
approximately 1% of the Company's issued and outstanding shares of common stock
as of March 26, 2008. As of March 26, 2008, the Company had repurchased
3,307,023 shares of its common stock out of the 3,605,384 shares that had been
previously authorized for repurchase. As a result of these actions, the Company
is currently authorized to repurchase 500,000 shares of common stock.
As previously disclosed, the authorization permits shares to be repurchased
in open market or negotiated transactions, and pursuant to any trading plan that
may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange
Commission. The authorization will be utilized at management's discretion,
subject to the limitations set forth in Rule 10b-18 of the Securities and
Exchange Commission and other applicable legal requirements, and to price and
other internal limitations established by the Board. The authorization may be
suspended, terminated or modified at any time prior to November 15, 2008 for any
reason, including market conditions, the cost of repurchasing shares, the
availability of alternative investment opportunities, liquidity, and other
factors deemed appropriate. These factors will also affect the timing and amount
of share repurchases.
A copy of the press release announcing the extension and increase is
attached as Exhibit 99 to this report.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Exhibit
99 Press release dated March 27, 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.
BANKFINANCIAL CORPORATION
DATE: March 27, 2008 By: /s/ F. Morgan Gasior
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F. Morgan Gasior
Chairman of the Board,
Chief Executive Officer and President
EXHIBIT INDEX
Exhibit No. Exhibit
99 Press release dated March 27, 2007