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): January 11, 2012


JEFFERSON BANCSHARES, INC.
(Exact name of registrant as specified in its charter)

Tennessee
0-50347
45-0508261
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)


120 Evans Avenue, Morristown, Tennessee   37814
(Address of principal executive offices, including zip code)


Registrant’s telephone number, including area code: (423) 586-8421

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:

[ ]  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 8.01                      Other Events

On January 11, 2012, Jefferson Bancshares, Inc. (the “Company”) notified the Trustee for State of Franklin Statutory Trust II that, beginning with the January 30, 2012 interest payment period, the Company has elected to defer all payments of interest on the Company’s junior subordinated debentures for an indefinite period of time (but no longer than 20 consecutive quarterly periods).  Under the terms of the indenture, the Company is prohibited from paying dividends on its common stock during the period that interest is deferred on the debentures.



 

 
 

 

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.


  JEFFERSON BANCSHARES, INC.  
       
Date:  January 12, 2012
By:
/s/ Anderson L. Smith  
    Anderson L. Smith  
    President and Chief Executive Officer