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 June 5, 1998
AMBANC HOLDING CO., INC.
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(Exact name of Registrant as specified in its Charter)
Delaware 0-27036 14-1783770
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
11 Division Street, Amsterdam, New York 12010-4303
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (518) 842-7200
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N/A
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(Former name or former address, if changed since last report)
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Item 5. Other Events
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On June 5, 1998, the Registrant issued the press release attached hereto as
Exhibit 99 announcing its second favorable court decision in eight days in
stockholder suit.
Item 7. Financial Statements and Exhibits
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(c) Exhibits
The Exhibits referred to in Item 5 of this Report and listed on the
accompanying Exhibit Index are filed as part of this Report and are incorporated
herein by reference.
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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 thereunto duly authorized.
AMBANC HOLDING CO., INC.
Date: June 5, 1998 By:
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Robert J. Brittain
President & Chief Executive Officer
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Exhibit
Number Description
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99 Press release dated June 5, 1998
FOR IMMEDIATE RELEASE
Contact:
Robert J. Brittain, President and CEO
Tel:(518) 842-7200
Fax:(518) 842-7500
Harold A. Baylor, Jr., Vice Pres., CFO, and Treas.
Tel:(518) 842-7200
Fax:(518) 842-1688
Ambanc Holding Co., Inc. Announces Second Favorable Court
Decision in Eight Days in Stockholder Suit
Amsterdam, N.Y., (June 5, 1998) Ambanc Holding Co., Inc. announced that for
the second time in eight days the federal district court for the middle district
of Pennsylvania denied a request by Seymour Holtzman, a stockholder of Ambanc,
for an injunction preventing the holding of the annual stockholders meeting of
the company now set for June 12, 1998. The Company had adjourned the meeting of
May 22, 1998, in order to provide stockholders with additional information
regarding both the Company's proposed merger with AFSALA Bancorp, Inc. and Mr.
Holtzman's lawsuit and the resulting court decision rejecting his request to
enjoin the May 22, 1998 meeting.
Robert Brittain, President of Ambanc, said "We have prevailed in court in
both actions and now look forward to reconvening our annual meeting of
stockholders on June 12, 1998. While prevailing in court, we have nevertheless
tried to satisfy Mr. Holtzman's concerns, as we would with any shareholder. We
hope that the dispute is ended."
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