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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): February 6, 1998
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Pennsylvania Manufacturers Corporation
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(Exact name of registrant as specified in is charter)
Pennsylvania 0-22761 23-2217932
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
The PMA Building, 380 Sentry Parkway, Blue Bell, PA 19422-2328
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (215) 665-5046
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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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The Registrant announced on February 6, 1998 that the Registrant's Board of
Directors has authorized a share repurchase plan of the Company's Common and
Class A Common Stock over the next two years of up to $25.0 million, subject to
a maximum of 1.5 million shares of Common and Class A Common Stock. On a pro
forma basis, the 1.5 million shares would represent approximately 6.25% of the
Company's outstanding shares. Any repurchase may be made from time to time in
the open market or directly from shareholders at prevailing market prices.
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SIGNATURE
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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.
PENNSYLVANIA MANUFACTURERS
CORPORATION
Dated: February 9, 1998 By:/s/ Francis W. McDonnell
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Francis W. McDonnell,
Senior Vice President,
Chief Financial Officer
and Treasurer
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