Form 8-K First Financial Northwes For: Nov 13

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November 18, 2014 2:41 PM EST
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):��November 13, 2014
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First Financial Northwest, Inc.
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(Exact name of registrant as specified in its charter)
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Washington
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001-3365
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26-0610707
State or other jurisdiction of
Incorporation
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Commission
File Number
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(I.R.S. Employer
Identification No.)
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���������������������������������������������������������������������� 201 Wells Avenue South, Renton, Washington
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98057
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(Zip Code)

Registrants telephone number (including area code) (425) 255-4400

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)
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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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Item 8.01 Other Events

On November 17, 2014, First Financial Northwest, Inc. (the Company) announced that its financial institution subsidiary, First Savings Bank Northwest (Bank), had received approval from the Federal Deposit Insurance Corporation (FDIC) for the payment of a $70.0 million special cash dividend to the Company, less any dividends paid by the Bank to the Company during the current fiscal year.��The payment of the special dividend will be used to support the operations of the Company consistent with its Business Plan; including expanding the Companys stock repurchase program, the payment of cash dividends to shareholders, for other opportunities that may arise, and for ongoing operating expenses of the Company.��The FDIC requires the dividend payment to be made within 12 months of the approval.

The Bank currently maintains a capital position well in excess of regulatory minimums to be considered Well-Capitalized and its Board of Directors will determine the exact timing of the payment of the special cash dividend to the Company.

The news release announcing the approval from the FDIC for the payment of the special cash dividend is attached as Exhibit 99.1 and incorporated herein by reference.


Item 9.01. Financial Statements and Exhibits

(d)�����������Exhibits

The following exhibit is being furnished herewith and this list shall constitute the exhibit index:

99.1�����������Press Release dated November 17, 2014




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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.
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FIRST FINANCIAL NORTHWEST, INC.
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DATE: November 17, 2014���� By: ��/s/Richard P. Jacobson���������������������������������
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���������Richard P. Jacobson
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�������� Chief Financial Officer
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Exhibit 99.1

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**For Immediate Release**
For more information, contact:
Joseph W. Kiley III, President and Chief Executive Officer
Rich Jacobson, Executive Vice President and Chief Financial Officer
(425) 255-4400
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First Financial Northwest, Inc.
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Announces Authorization for Payment of a Special Cash Dividend
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from First Savings Bank Northwest to its Parent Company
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Renton, Washington  November 17, 2014 - First Financial Northwest, Inc. (the Company) (NASDAQ GS: FFNW), the holding company for First Savings Bank Northwest (the Bank), today announced that the FDIC had approved the payment of a $70.0 million special cash dividend by the Bank to the Company, less any dividends paid by the Bank to the Company during the current fiscal year. The Bank currently maintains a capital position well in excess of regulatory minimums to be considered Well-Capitalized and its Board of Directors will determine the exact timing of the payment of the special cash dividend to the Company. The FDIC requires the dividend payment to be made within 12 months of the approval.

The payment of the special dividend will be used to support the operations of the Company consistent with its Business Plan; including expanding the Companys stock repurchase program, the payment of cash dividends to shareholders, for other opportunities that may arise, and for ongoing operating expenses of the Company.

We are delighted to receive the FDICs approval of the payment of a special dividend by the Bank that reflects the Bank's significant capital strength and will provide us with the flexibility, if we so choose, to continue and/or increase our share repurchase program and shareholders dividends, stated Joseph W. Kiley III, President and Chief Executive Officer of the Company and the Bank.

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First Financial Northwest, Inc. is the parent company of First Savings Bank Northwest, a Washington chartered stock savings bank headquartered in Renton, Washington, serving the Puget Sound Region through its full-service banking office. For additional information, please visit the Banks website at www.fsbnw.com and click on the Investor Relations section.
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Forward-looking statements:
This press release contains statements that the Company believes are forward-looking statements. These statements relate to the Companys financial condition, results of operations, plans, objectives, future performance or business. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, and actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Factors that might cause such differences include, but are not limited to, those identified in our risk factors contained in the Companys Annual Report on Form 10-K for the fiscal year ended December 31, 2013.��Such forward-looking statements speak only as of the date of this release.��The Company expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in the Companys expectations of results or any change in events.


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