SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) June 18, 1999
PEOPLES-SIDNEY FINANCIAL CORPORATION
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(Exact name of Registrant as specified in its Charter)
Delaware 0-22223 31-1499862
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(State or other jurisdiction (Commission File No.) (IRS Employer Identification
of incorporation) No.)
101 E. Court Street, Sidney, Ohio 45365
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (937) 492-6129
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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
On June 18, 1999, Peoples-Sidney Financial Corporation (the "Company")
issued the press release attached hereto as Exhibit 99, announcing the
completion of a repurchase of 5% of its shares in the open market.
When used in this Form 8-K and in future filings by the Company with
the Securities and Exchange Commission, in the Company's press releases
(including the one attached hereto as Exhibit 99) or other public or shareholder
communications, and in oral statements made with the approval of an authorized
executive officer, the words or phrases "should result," "will likely result,"
"will enable," "are expected to," "will continue," "is anticipated," "estimate,"
"project" or similar expressions are intended to identify "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such statements are subject to certain risks and uncertainties,
including changes in economic conditions in the Company's market area, changes
in policies by regulatory agencies, fluctuations in interest rates, demand for
loans in the Company's market area and competition, that could cause actual
results to differ materially from historical results and those presently
anticipated or projected. The Company wishes to caution readers not to place
undue reliance on such forward-looking statements, which speak only as of the
date made. The Company wishes to advise readers that the factors listed could
affect the Company's financial performance and could cause the Company's actual
results for future periods to differ materially from any opinions or statements
expressed with respect to future periods in any current statements.
The Company does not undertake, and specifically declines any
obligation, to publicly release the result of any revisions which may be made to
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.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99 Press release dated June 18, 1999
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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 hereunto duly authorized.
PEOPLES-SIDNEY FINANCIAL CORPORATION
Date: June 21, 1999 By: /s/ Douglas Stewart
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Douglas Stewart, President and Chief
Executive Officer
EXHIBIT 99
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[PEOPLES-SIDNEY FINANCIAL CORPORATION LETTERHEAD]
For Release: Contact: Douglas Stewart
June 18, 1999 President - CEO
937-492-6129
PEOPLES-SIDNEY FINANCIAL CORPORATION ANNOUNCES
COMPLETION OF STOCK REPURCHASE PROGRAM
Peoples-Sidney Financial Corporation (NASDAQ:PSFC), the parent company of
Peoples Federal Savings and Loan Association today announced the completion of
its latest repurchase of 5% of its shares. The company repurchased 87,612 shares
in the open market over a two week period. The repurchased shares will be held
as treasury stock for general corporate purposes.
Peoples-Sidney President and CEO, Douglas Stewart stated, "We are pleased to
announce the successful completion of this stock repurchase program which
typifies our continuing efforts to maximize long-term shareholder value. We
believe our expansion efforts and opportunities presented to us by the market
will enable us to continue to reward our shareholders for the confidence they
place in us.
The closing price of Peoples-Sidney stock on June 17, 1999 was $12.00 per share
as reported on the NASDAQ stock market.
