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): November 20, 2006
Timberland Bancorp, Inc.
(Exact name of registrant as specified in its charter)
Washington 0-23333 91-1863696
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State or other jurisdiction Commission (I.R.S. Employer
Of incorporation File Number Identification No.)
624 Simpson Avenue, Hoquiam, Washington 98550
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number (including area code) (360) 533-4747
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 (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
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On November 20, 2006, Timberland Bancorp, Inc. issued a press release
announcing that its Board of Directors has authorized the repurchase of up to
5% of the Company's outstanding shares, or 186,266 shares. A copy of the
press release is attached hereto as Exhibit 99.1, which is incorporated herein
by reference.
Item 9.01 Financial Statements and Exhibits
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(c) Exhibits
99.1 Press Release of Timberland Bancorp, Inc. dated November 20,
2006
SIGNATURES
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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.
TIMBERLAND BANCORP,INC.
DATE: November 20, 2006 By: /s/Dean J. Brydon
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Dean J. Brydon
Chief Financial Officer
Exhibit 99.1
Timberland Bancorp, Inc.
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PRESS RELEASE: FOR IMMEDIATE PUBLICATION
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For further information contact: Michael Sand, President & CEO
Dean Brydon, Chief Financial Officer
At (360) 533-4747
Timberland Bancorp, Inc. Announces Authorization
To Repurchase Stock
Hoquiam, WA. - November 20, 2006 - Timberland Bancorp, Inc. (NASDAQ: TSBK)
announced today that its Board of Directors has authorized the repurchase of
up to 5% of the Company's outstanding shares, or 186,266 shares. Share
repurchases will commence on November 24, 2006, subject to market conditions.
As in the past, shares will be repurchased through open market or
negotiated transactions, although unsolicited negotiated transactions or other
types of repurchases are possible. No shares will be repurchased directly
from directors or officers of the Company and its financial institution
subsidiary, Timberland Bank.
The purchase price to be paid for the shares repurchased in the open market
will not exceed the higher of the last reported independent sale price or the
highest independent bid quotation reported on the Nasdaq Global Market System.
The number of shares to be repurchased in the open market during any day
generally will not exceed 25% of the average daily trading volume of the
common stock over the preceding four weeks except for block purchases.
Timberland Bancorp, Inc. is the holding company for Timberland Bank, which
operates 21 full service offices in Grays Harbor, Thurston, Pierce, King,
Kitsap, and Lewis Counties of Washington State.