SECURlTIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities and Exchange Act of 1934
(Amendment No. 1 )*
Kankakee Bancorp, Inc.
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Common Stock
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484243100
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(CUSIP Number)
Lawrence B. Seidman, 100 Misty Lane, Parsippany, NJ 07054,
(973) 560-1400, Ext.108
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 6, 2002
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
This statement on Schedule 13D which was filed on January 17, 2002, on behalf of
Seidman and Associates L.L.C. ("SAL") Seidman Investment Partnership, L.P.
("SIP"), Seidman Investment Partnership II, L.P.("SIPII"), Kerrimatt, LP
("Kerrimatt"), Federal Holdings L.L.C. ("Federal"), Pollack Investment
Partnership, LP ("PIP"),Lawrence Seidman ("Seidman"), Dennis Pollack ("Pollack")
and Robert Williamson ("Williamson") collectively, the "Reporting Persons") with
respect to the Reporting Persons' beneficial ownership of shares of Common Stock
(the "Shares"), of Kankakee Bancorp, Inc., a Delaware Corporation (the
"Issuer"), is hereby amended as set forth below: Such Statement on Schedule 13D
is hereinafter referred to as the "Schedule 13D". Terms used herein which are
defined in the Schedule 13D shall have their respective meanings set forth in
the Schedule 13D.
4. Purpose of Transaction
On February 6, 2002 SAL by letter nominated Lawrence B.Seidman and Robert
Williamson for the election to the Board of Directors of Kankakee Bancorp, Inc.
at the annual meeting presently scheduled for April 26, 2002. A copy of the
letter is attached hereto and incorporated herein by reference.
In addition, Mr. Seidman has arranged with Mr. Huffman, the Issuer's CEO, to
meet and discuss the request for Board representation and the Issuer's business
plan.
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
February 6, 2002 /ss/Lawrence B. Seidman
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Date Lawrence B. Seidman, Power of
Atorney Pursuant to Joint
Filing Statement Dated
January 16, 2002