k1002.htm





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): October 1, 2008

Timberland Bancorp, Inc.
(Exact name of registrant as specified in its charter)
 
 
                                Washington                             
          0-23333          
     91-1863696
 State or other jurisdiction  Commission     (I.R.S. Employer
 Of incorporation   File Number   Identification No.)
     
624 Simpson Avenue, Hoquiam, Washington                                           98550  
(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 5.02 Departure of Directors or Certain Officers; Elections of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

    (e)       Base Salaries of Executive Officers

On October 1, 2008, Timberland Bancorp, Inc. (“Timberland”), in accordance with the recommendations made by the Compensation Committee to the Board of Directors, increased the salaries of these named executive officers effective October 1, 2008, as follows:

Name and Title
2007-2008 Annual Base Salary
2008-2009 Annual Base Salary
Robert A. Drugge
 Executive Vice President and
 Business Banking Manager of
 Timberland Bank
$157,500
$165,000
John P. Norawong
 Executive Vice President and
 Community Banking Manager of
 Timberland Bank
  157,500
 165,000










 
 
 

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.

 
  TIMBERLAND BANCORP,INC. 
   
DATE:  October 2, 2008   By: /s/Michael R. Sand                            
         Michael R. Sand
         Chief Executive Officer