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): September 26, 2007
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) On September 26, 2007, Timberland Bancorp, Inc. ("Timberland"), in
accordance with the recommendations made by the Compensation Committee to the
Board of Directors, increased the base salaries of these named executive
officers effective October 1, 2007, as follows:
2006-2007 2007-2008
Name and Title Annual Base Salary Annual Base Salary
---------------------- ----------------------- -----------------------
Michael R. Sand $200,000 $210,000
President and Chief
Executive Officer of
Timberland Bank and
Timberland Bancorp
Dean J. Brydon 120,000 157,500
Executive Vice President,
Chief Financial Officer
and Secretary of Timberland
and Timberland Bank
Roger A. Johansen 115,133 125,000
Executive Vice President and
Chief Lending Officer of
Timberland Bank
SIGNATURES
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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 3, 2007 By:/s/Dean J. Brydon
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Dean J. Brydon
Chief Financial Officer