Item 8.01 Other Events.
On September 15, 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
August 1, 2009 to August 31, 2009 (the "August 2009 Monthly Operating Reports")
with the United States Bankruptcy Court for the District of Delaware (the
"Court") (Case Number 08-13127-KJC). On September 25, 2009, the Debtors filed
amendments to the August 2009 Monthly Operating Reports. The August 2009 Monthly
Operating Reports, as amended, 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 August 2009 Monthly Operating
Reports, as amended, 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 August 2009 Monthly Operating Reports, as amended, 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
August 2009 Monthly Operating Reports, as amended, 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 August 2009 Monthly Operating Reports,
as amended, are complete. The August 2009 Monthly Operating Reports, as amended,
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 August 2009 Monthly Operating Reports, as amended,
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.