8-K

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): February 23, 2006

WAYNE SAVINGS BANCSHARES, INC.

(Exact name of registrant as specified in its charter)

Delaware	0-23433	31-1557791
(State or other jurisdiction of incorporation)	(Commission File No.)	(IRS Employer
		Identification No.)

151 N. Market St., Wooster, Ohio	44691
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (330) 264-5767

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 below):

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 5.02Departure of Directors or Principal Offices; Election of Directors;

 Appointment of Principal Officers

The Board of Directors of the Company, at its meeting on February 23, 2006, appointed Bryan K. Fehr as Senior Vice President/Operations Officer of the Company and its wholly-owned subsidiary, Wayne Savings Community Bank (the “Bank”).

Mr. Fehr, who is 48 years old, served as Senior Vice President, Audit and Compliance Officer of the Bank between October 2001 and his appointment as Senior Vice President, Operations Officer. Mr. Fehr’s experience prior to joining the Bank includes positions as Senior Vice President - Operations for Signal Bank, Wooster, Ohio, from January 1994 to February 1999. Prior to joining Signal Bank, Mr. Fehr held positions with the Office of Thrift Supervision and the Office of the Comptroller of the Currency. There are no arrangements or understandings between Mr. Fehr and the Company and any person pursuant to which Mr. Fehr has been selected as an officer. Mr. Fehr is not related to any director or other executive officer of the Company or the Bank by blood, marriage or adoption. Mr. Fehr has not been a party to any transaction with the Company in which the amount exceeds $60,000 and in which he had a direct or indirect material interest.

Mr. Fehr has an employment agreement with the Bank which provides for a term of 24 months. On each anniversary date, the agreement may be extended for an additional 12 months. The agreement provides for termination by the Bank for cause at any time. In addition, under the agreement, Mr. Fehr is entitled to severance in an amount equal to two times his highest annual base salary and bonus under certain circumstances set forth in the agreement.

Item 9.01Financial Statements and Exhibits

(a) Not applicable.

(b) Not applicable.

(c) Exhibits.

Exhibit No.	Description
99	Press release, dated February 28, 2006

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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.

	WAYNE SAVINGS BANCSHARES, INC.
DATE: February 28, 2006	By:	/s/ H. Stewart Fitz Gibbon III
		H. Stewart Fitz Gibbon III
		Senior Vice President
		Chief Financial Officer

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EX-99

NEWS RELEASE

FOR RELEASE: IMMEDIATELY

WAYNE SAVINGS BANCSHARES, INC. ANNOUNCES SENIOR MANAGEMENT APPOINTMENT

Wooster, Ohio (February 28, 2006) - Wayne Savings Bancshares, Inc. (NASDAQ:WAYN), the stock holding company parent of Wayne Savings Community Bank, announced the appointment of Bryan K. Fehr as Senior Vice President - Operations Officer.

Mr. Fehr served as Senior Vice President - Audit and Compliance Officer of the Bank between October 2001 and his appointment as Senior Vice President - Operations Officer. Mr. Fehr’s experience prior to joining the Bank includes positions as Senior Vice President - Operations for Signal Bank, Wooster, Ohio, from January 1994 to February 1999 and with the Office of Thrift Supervision and the Office of the Comptroller of the Currency.

Established in 1899, Wayne Savings Community Bank, the wholly owned subsidiary of Wayne Savings Bancshares, Inc., has eleven full-service banking locations in the communities of Wooster, Ashland, Millersburg, Rittman, Lodi, North Canton, and Creston, Ohio.

Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors. Factors which could result in material variations include, but are not limited to, changes in interest rates which could affect net interest margins and net interest income, competitive factors which could affect net interest income and noninterest income, changes in demand for loans, deposits and other financial services in the Company's market area; changes in asset quality, general economic conditions as well as other factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time. The Company 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.

CONTACT PERSON:  H. STEWART FITZ GIBBON III

         Senior Vice President

         Chief Financial Officer

         (330) 264-5767

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