-------------------------------------------------------------------------------- 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 January 17, 2003 (Date of earliest event reported) January 17, 2003 Kankakee Bancorp, Inc. (Exact name of Registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 1-13676 36-3846489 (Commission File Number) (I.R.S. Employer Identification Number) 310 South Schuyler Avenue, Kankakee, Illinois 60901 (Address of principal executive offices) (Zip Code) (815) 937-4440 (Registrant's telephone number, including area code) -------------------------------------------------------------------------------- Item 5. Other Information and Regulation FD Disclosure On January 17, 2003, the Company issued a news release relating to the implementation of a number of organizational changes intended to comply with requirements for public companies under the Sarbanes-Oxley Act of 2002, and to ensure both greater independence on the board and stronger leadership from its independent directors. In addition, the Board announced that it had received the resignation of the Company's President and CEO and has established a procedure for securing his successor. The news release is attached hereto as Exhibit 99.1. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (a) Financial Statements of Business Acquired. ----------------------------------------- None. (b) Pro Forma Financial Information. ------------------------------- None. (c) Exhibits. -------- 99.1 News Release, dated January 17, 2003 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. KANKAKEE BANCORP, INC. Dated: January 17, 2003 By: /s/ Ronald J. Walters ------------------------------------- Ronald J. Walters Vice President and Treasurer 2