-----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, SfAeUuCKDWoHcGV7aMhcTIINE2RlODHq8DqvCtF2hAqA/oboBcdN5WGdtxXcII+N ylwFTI9jLp4JZSWA0FAQJg== 0001065407-08-000357.txt : 20080613 0001065407-08-000357.hdr.sgml : 20080613 20080613160215 ACCESSION NUMBER: 0001065407-08-000357 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080609 ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Triggering Events That Accelerate or Increase a Direct Financial Obligation under an Off-Balance Sheet Arrangement FILED AS OF DATE: 20080613 DATE AS OF CHANGE: 20080613 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST KEYSTONE FINANCIAL INC CENTRAL INDEX KEY: 0000856751 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 232576479 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25328 FILM NUMBER: 08898328 BUSINESS ADDRESS: STREET 1: 22 WEST STATE ST CITY: MEDIA STATE: PA ZIP: 19063 BUSINESS PHONE: 610 565-6210 MAIL ADDRESS: STREET 1: 22 WEST STATE ST CITY: MEDIA STATE: PA ZIP: 19063 8-K 1 form8k.htm FORM 8-K 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)
   June 9, 2008
 
   
First Keystone Financial, Inc.
(Exact name of registrant as specified in its charter)
   
   
Pennsylvania
000-25328
23-2576479
(State or other jurisdiction
(Commission File Number)
(IRS Employer
of incorporation)
Identification No.)
 
 
22 West State Street, Media, Pennsylvania  
  19063
(Address of principal executive offices)
(Zip Code)
   
   
 
Registrant’s telephone number, including area code
   (610) 565-6210
 
 
 
Not Applicable
(Former name, former address and former fiscal year, 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 1.02        Termination of a Material Definitive Agreement
 
and
 
Item 2.04
Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement
 
On June 9, 2008, First Keystone Financial, Inc. (the “Company”) redeemed the remaining $2.0 million of the $8.0 million junior subordinated debentures (the “Debentures”) issued by the Company in November 2001. Simultaneously, the remaining $2.0 million of the $8.0 million of trust preferred securities (the “Securities”) issued by First Keystone Capital Trust II concurrently with the Company’s issuance of the Debentures were redeemed at a redemption price equal to the principal amount of each Security plus accrued and unpaid interest through the date of redemption.  The Securities bore a floating interest rate, adjusted semi-annually, at 375 basis points over the six month LIBOR. The Company redeemed $6.0 million of the Securities and Debentures in June 2007.
 
 
Item 9.01
Financial Statements and Exhibits
   
 
 (a)
Not applicable.
 
 (b) 
Not applicable.
 
 (c) 
Not applicable.
 
 (d)
Not applicable.
 
 
 
 
 
 
 
 
2
 
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 thereunto duly authorized.
 
 
FIRST KEYSTONE FINANCIAL, INC.
     
     
     
Date:  June 13, 2008
By:
/s/Thomas M. Kelly
   
Thomas M. Kelly
   
President and Chief Executive Officer
   
 
  
 
 
 
 
 
 
 
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