-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HWqJpRlpvLu+nvk3He00Rm4WTEd/zqdIL3POuRqe9eO76ZzpL+A6ND+jZyCPuBq3 +Uy32LCo3xJZgJ7RdCGqgQ== 0000899078-03-000266.txt : 20030501 0000899078-03-000266.hdr.sgml : 20030501 20030501140111 ACCESSION NUMBER: 0000899078-03-000266 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030501 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLIED FIRST BANCORP INC CENTRAL INDEX KEY: 0001158865 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 364482786 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16763 FILM NUMBER: 03676268 BUSINESS ADDRESS: STREET 1: 387 SHUMAN BLVD., STE. 120W CITY: NAPERVILLE STATE: IL ZIP: 60563 8-K 1 may12003-8k.txt 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) May 1, 2003 (May 1, 2003) ALLIED FIRST BANCORP, INC. - -------------------------------------------------------------------------------- (Exact name of Registrant as specified in its Charter) MARYLAND 0001-16763 36-4482786 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission File No.) (IRS Employer of incorporation) Identification No.) 387 Shuman Boulevard, Suite 120W, Naperville, Illinois 60563 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (630) 778-7700 N/A - -------------------------------------------------------------------------------- (Former Name or Former Address, if changed since last report) Item 5. Other Events and Regulation FD Disclosure On May 1, 2003, Allied First Bancorp, Inc. issued a press release regarding its common stock repurchase program whereby Allied First Bancorp, Inc. may acquire up to 50,000 shares of its common stock. A copy of the press release is filed as Exhibit 99.1 hereto. Pursuant to General Instruction F of Form 8-K, this exhibit is incorporated herein by reference. Statements contained in this Current Report which are not historical in nature are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, those relating to the repurchase by Allied First Bancorp, Inc. of up to 50,000 shares of its common stock. Such forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements. These risks and uncertainties include changing market conditions, changes in the market price of Allied First Bancorp, Inc.'s common stock, lack of adequate funding for stock repurchases, regulatory constraints and other factors as may be identified from time to time in Allied First Bancorp, Inc.'s filings with the Securities and Exchange Commission or in Allied First Bancorp, Inc.'s press releases. Allied First Bancorp, Inc. undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made. Item 7. Financial Statements and Exhibits (c) Exhibits 99.1 Press Release dated May 1, 2003 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. ALLIED FIRST BANCORP, INC. Date: May 1, 2003 By: /s/ Kenneth L. Bertrand -------------------- ----------------------------------- Kenneth L. Bertrand President and Chief Executive Officer Date: May 1, 2003 By: /s/ Brian K. Weiss ----------------------------------- Brian K. Weiss Chief Financial Officer EXHIBIT INDEX Exhibit No. Description ----------- ----------- 99.1 Press Release dated May 1, 2003 EX-99.1 3 ex99-1tomay120038k.txt EXHIBIT 99.1 For Immediate Release For Information Contact: Kenneth L. Bertrand Date: May 1, 2003 (630) 778-7700 ALLIED FIRST BANCORP, INC. ANNOUNCES STOCK REPURCHASE PROGRAM NAPERVILLE, ILLINOIS May 1, 2003 - Allied First Bancorp, Inc., the holding company for Allied First Bank, announced its intention today to repurchase up to 50,000 shares or approximately 8% of its outstanding shares of common stock in the open market or in privately negotiated transactions commencing May 5, 2003. These shares will be purchased at prevailing market prices from time to time over a six- month period depending upon market conditions. Kenneth L. Bertrand, President and Chief Executive Officer of the Company, indicated that the Board of Directors approved the repurchase program in view of the current price level of the Company's common stock and the strong capital position of the Company's subsidiary, Allied First Bank. Mr. Bertrand stated: "We believe that the repurchase of our shares represents an attractive investment opportunity which will benefit the Company and our stockholders." As of March 31, 2003, the Company had consolidated total assets of $95.7 million, stockholders' equity of $10.4 million and 608,350 outstanding shares of common stock. The Company's stock is traded on the OTC Electronic Bulletin Board under the symbol "AFBA." Statements contained in this press release which are not historical in nature are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, those relating to the repurchase by Allied First Bancorp, Inc. of up to 50,000 shares of its common stock. Such forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements. These risks and uncertainties include changing market conditions, changes in the market price of Allied First Bancorp, Inc.'s common stock, lack of adequate funding for stock repurchases, regulatory constraints and other factors as may be identified from time to time in Allied First Bancorp, Inc.'s filings with the Securities and Exchange Commission or in Allied First Bancorp, Inc.'s press releases. Allied First Bancorp, Inc. undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made. -END- -----END PRIVACY-ENHANCED MESSAGE-----