form8k.htm
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): September 29, 2008
Guaranty
Federal Bancshares, Inc.
(Exact
name of registrant as specified in its charter)
Delaware
(State or
other jurisdiction of incorporation)
43-1792717
(I.R.S.
employer identification number)
0-23325
(Commission
file number)
1341
West Battlefield
Springfield,
Missouri 65807
(Address
of principal executive offices and zip code)
Registrant's telephone number,
including area code: (417) 520-4333
Not
applicable
(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. to Form 8-K):
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Written
communication pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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Soliciting
materials pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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INCLUDED
INFORMATION
Item
8.01 Other Events.
Guaranty
Federal Bancshares, Inc. (NASDAQ:GFED), the holding company for Guaranty Bank
announced that its Board of Directors has decided to temporarily suspend the
payment of quarterly cash dividends on shares of its common
stock. The most recent quarterly dividend of $0.18 per share
was paid on July 18, 2008.
The
Board’s decision points to a very challenging economic environment that is
affecting the entire financial sector. The Company believes that
this is the best course for the shareholders over the long term. The Company’s
capital position is sound and remains above the levels required for Guaranty
Bank to be considered a well-capitalized financial institution by regulatory
standards. The severity of the financial and credit crisis in the broad market
and the unknown duration of the economic slowdown deem it imperative to protect,
preserve and maximize our capital for the future. The Board and management are
committed to successfully managing credit risk and to maintain adequate levels
of capital and liquidity in the current challenging economic
environment.
Guaranty
Federal Bancshares, Inc. has a subsidiary corporation offering full banking
services. The principal subsidiary, Guaranty Bank, is headquartered
in Springfield, Missouri, and has ten full-service branches in Greene and
Christian Counties and Loan Production Offices in Wright, Webster and Howell
Counties. In addition, Guaranty Bank is a member of the TransFund ATM
network which provides its customers surcharge free access to over 100 area ATMs
and over 700 ATMs nationwide. For more information visit the Guaranty
Bank website: www.gbankmo.com.
Forward
Looking Statements
The
discussion set forth above may contain forward-looking comments. Such
comments are based upon the information currently available to management of the
Company and management’s perception thereof as of the date of this
release. When used in this release, words such as “anticipates,”
“estimates,” “believes,” “expects,” and similar expressions are intended to
identify forward-looking statements but are not the exclusive means of
identifying such statements. Such statements are subject to risks and
uncertainties. Actual results of the Company’s operations could
materially differ from those forward-looking comments. The
differences could be caused by a number of factors or combination of factors
including, but not limited to: changes in demand for banking services; changes
in portfolio composition; changes in management strategy; increased competition
from both bank and non-bank companies; changes in the general level of interest
rates; the effect of regulatory or government legislative changes; technology
changes; fluctuation in inflation; and other factors set forth in reports and
other documents filed by the Company with the Securities and Exchange Commission
from time to time.
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.
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Guaranty
Federal Bancshares, Inc.
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By: /s/ Shaun A.
Burke
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Shaun
A. Burke
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President
and Chief Executive Officer
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Date:
September 29, 2008