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UNITED STATES
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) April 14, 2000
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WORONOCO BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-14671 04-3444269
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(State or other Jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
31 Court Street, Westfield, MA 01085
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(Address of principal executive offices)
(413) 568-9141
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(Registrant's telephone number, including area code)
Not Applicable
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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 April 14, 2000, Woronoco Bancorp, Inc. (the "Company") issued a press
release which announced its intention to repurchase up to 10% of its 5,128,968
outstanding shares of common stock.
A press release announcing the stock repurchase is attached as Exhibit
99.1.
Item 7. Financial Statements and Other Exhibits.
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Exhibit 99.1 Press Release dated April 14, 2000.
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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.
WORONOCO BANCORP, INC.
Dated: April 14, 2000 By: /s/ Cornelius D. Mahoney
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Cornelius D. Mahoney
Chairman of the Board, President and
Chief Executive Officer
(principal executive officer)
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE For More Information Contact:
Mark Roberts
Vice President Finance
(413) 568-9141
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WORONOCO BANCORP, INC. ANNOUNCES PLANS
FOR ADDITIONAL REPURCHASE
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WESTFIELD, MA--April 14, 2000--Woronoco Bancorp, Inc. (the "Company")
(AMEX:WRO), the holding company for Woronoco Savings Bank (the "Bank"), has
announced its intention to repurchase up to 10% of its 5,128,968 outstanding
shares of common stock. The repurchase will be made in open-market
transactions, subject to the availability of stock.
"We are pleased with the results of our previous share repurchase plans and
continue to believe that the repurchase of WRO shares is an attractive use of
the Company's capital and will enhance shareholder value," commented Cornelius
D. Mahoney, Chairman, President and CEO.
Woronoco Bancorp, Inc. is a publicly owned savings and loan holding company and
the parent corporation of Woronoco Savings Bank, headquartered at 31 Court
Street, Westfield, MA 01085. The Bank provides a wide variety of financial
products and services through its 11 branch offices located throughout Hampden
and Hampshire Counties in Western Massachusetts. The Bank's deposits are
insured by the Federal Deposit Insurance Corporation and the Depositors
Insurance Fund. For more information regarding the Bank's products and
services, and for Woronoco Bancorp, Inc. investor relations information, please
visit our web site at www.woronoco.com.
Statements contained in this news release, which are not historical facts,
contain forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements are
subject to risk and uncertainties which could cause actual results to differ
materially from those currently anticipated due to a number of factors, which
include, but are not limited to, factors discussed in documents filed by the
Company with the Securities and Exchange Commission from time to time.
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