Item 8.01 Other Events.
On September 8, 2009, PFF Bancorp, Inc. (the "Company") and Glencrest Investment
Advisors, Inc., Glencrest Insurance Services, Inc., Diversified Builder
Services, Inc. and PFF Real Estate Services, Inc. (collectively with the
Company, the "Debtors") filed their monthly operating reports for the period
July 1, 2009 to July 31, 2009 (the "July 2009 Monthly Operating Reports") with
the United States Bankruptcy Court for the District of Delaware (the "Court")
(Case Number 08-13127-KJC). The July 2009 Monthly Operating Reports are attached
hereto as Exhibit 99.1 and are incorporated herein by reference.
Cautionary Statement Regarding Financial and Operating Data
The Company cautions investors and potential investors not to place undue
reliance upon the information contained in the July 2009 Monthly Operating
Reports, which were not prepared for the purpose of providing the basis for an
investment decision relating to any of the securities of the Company. The
July 2009 Monthly Operating Reports are limited in scope, cover limited time
periods, and have been prepared solely for the purpose of complying with the
monthly reporting requirements of the Bankruptcy Code. The July 2009 Monthly
Operating Reports were not audited or reviewed by independent accountants, were
not prepared in accordance with U.S. Generally Accepted Accounting Principles,
are in a format prescribed by applicable bankruptcy laws, and are subject to
future adjustment and reconciliation. There can be no assurance that, from the
perspective of an investor or potential investor in the Company's securities,
the July 2009 Monthly Operating Reports are complete. The July 2009 Monthly
Operating Reports also contain information for periods which are shorter and
otherwise different from those required in periodic reports pursuant to the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), and such
information is likely not indicative of the Company's financial condition or
operating results for the period that would be reflected in the periodic reports
pursuant to the Exchange Act. Results set forth in the July 2009 Monthly
Operating Reports should not be viewed as indicative of future results.
Forward-Looking Statements
Certain matters discussed in this Current Report on Form 8-K and the exhibits
hereto may constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Words such as "anticipates,"
"expects," "intends," "plans," "believes," "seeks," "estimates" or variations of
such words and similar expressions are intended to identify such forward-looking
statements. These forward-looking statements may relate to, among other things,
expectations of the business environment in which the Company operates,
projections of future performance, perceived opportunities in the market and
statements regarding the Company's strategic objectives. These forward-looking
statements are based upon current management expectations and may therefore
involve risks and uncertainties. The Company's actual results or performance may
differ materially from those suggested, expressed, or implied by forward-looking
statements due to a wide range of factors including, but not limited to, the
Company's ability to manage its business as a debtor-in-possession pursuant to
the provisions of the Bankruptcy Code and liquidate all of its remaining assets
for distribution to creditors, the Company's ability to obtain Court approval
with respect to motions in the Chapter 11 proceeding prosecuted by it from time
to time, risks associated with third parties seeking and obtaining Court
approval to convert the case to a Chapter 7 case, and other risks detailed in
the Company's reports filed with the Securities and Exchange Commission,
including the Company's Annual Report on Form 10-K for the fiscal year ended
March 31, 2008 and the Company's Quarterly Reports on Form 10-Q for the fiscal
quarters ended June 30, 2008 and September 30, 2008. The Company disclaims any
obligation to subsequently revise or update any forward-looking statements to
reflect events or circumstances after the date of such statements or to reflect
the occurrence of anticipated or unanticipated events.