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 (Date of Earliest Event Reported): October 22, 1998
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D & E COMMUNICATIONS, INC.
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(Exact Name of Registrant as Specified in its Charter)
Pennsylvania 000-20709 23-2837108
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number)
Brossman Business Complex, 124 East Main Street, P.O. Box 458, Ephrata, PA 17522
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(Address of principal executive offices) (Zip
Code)
Registrant's telephone number, including area code: (717) 733-4101
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D & E Communications, Inc.
Item 5. Other events.
The attached press release describes the authorization of the Board of
Directors to acquire up to $2,000,000 worth of its shares of common stock from
time to time. D&E plans to use the reacquired shares for its incentive
compensation programs, Dividend Reinvestment Plan, and for other corporate
purposes.
Item 7. Financial statements, pro forma financial information and exhibits.
(a) Financial Statements of Businesses Acquired.
None.
(b) Pro Forma Financial Information.
None.
(c) Exhibits.
Exhibit No. 99.01 Press release issued October 22, 1998.
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D & E Communications, Inc.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
D & E COMMUNICATIONS, INC.
(Registrant)
Date: October 29, 1998 By: /s/ Thomas E. Morell
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Mr. Thomas E. Morell, Vice President,
Chief Financial Officer and Treasurer
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EXHIBIT INDEX
Exhibit Document
Number Description Page
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99.01 Press release dated October 22, 1998 regarding
Registrant's authorization to reacquire up to $2,000,000
worth of its shares of common stock. 4
3
EXHIBIT 99.01
FOR IMMEDIATE RELEASE Contact person(s): W. Garth Sprecher
(717)738-8304
D&E to Buy Back $2,000,000 of Common Shares
EPHRATA, Pa., October 22, 1998 -- D&E Communications, Inc. (NASDAQ:DECC), a
holding company with telecommunications services and subsidiaries and investees,
reported today that its Board of Directors authorized the repurchase of up to
$2,000,000 worth of its shares of common stock from time to time on the open
market or in private transactions, as conditions indicate.
D&E said it plans to use the reacquired shares for its incentive
compensation programs, Dividend Reinvestment Plan, and for other corporate
purposes.
D & E Communications, Inc. is a full-service telecommunications company
based in Lancaster County, PA. Through its subsidiaries and affiliated
companies, D&E Communications offers both local and long distance service,
wireless service, Internet service, paging, voice, data and video communications
equipment, and computer networking services.
Comprehensive information about D&E Communications is available on the
World Wide Web at http:www.detele.com.
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