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)
February 4, 1999
Carnegie Financial Corporation
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(Exact name of Registrant as specified in its Charter)
Pennsylvania 0-24579 25-1806857
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(State or other jurisdiction (SEC File No.) (IRS Employer
of incorporation) Identification Number)
17 West Mall Plaza, Carnegie, Pennsylvania 15106-2404
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (412) 276-1266
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Not Applicable
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(Former name or former address, if changed since last Report)
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INFORMATION TO BE INCLUDED IN REPORT
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Item 5. Other Events
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Reference is made to the press release dated February 4, 1999, and
February 5, 1999, which are attached hereto as Exhibit 99 and Exhibit 99.1, and
incorporated herein by this reference.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
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Exhibit 99 Press Releases dated February 4, 1999.
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Exhibit 99.1 Press Release dated February 5, 1999.
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2
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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.
Carnegie Financial Corporation
Date: February 8, 1999 By: /s/Shirley C. Chiesa
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Shirley C. Chiesa
President
(Chief Executive Officer)
EXHIBIT 99
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Contact: Ms. Shirley Chiesa
President
(412) 276-1266
For Immediate Release
February 4, 1999
CARNEGIE FINANCIAL CORPORATION
Benefit Plan Stock Purchases
Carnegie, Pennsylvania -- February 4, 1999 -- Ms. Shirley Chiesa,
President of Carnegie Financial Corporation (the "Company"), the holding company
of Carnegie Savings Bank ("Bank"), announced today that it intends to purchase
up to 9,522 shares of the Company's common stock.
The stock purchases shall be utilized to fund the Bank's restricted
stock plan previously approved by stockholders. Such stock purchases are
expected to be made in open-market transactions, subject to the availability of
stock, market conditions, the trading price of the stock and the Company's
financial performance. The Company anticipates purchasing such shares during the
next six months.
The Company's stock is traded in the over-the-counter bulletin board symbol
"CAFN" .
EXHIBIT 99.1
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Contact: Ms. Shirley Chiesa
President
(412) 276-1266
For Immediate Release
February 5, 1999
CARNEGIE FINANCIAL CORPORATION
Authorization of Stock Purchase Program
Carnegie, Pennsylvania -- February 5, 1999 -- Ms. Shirley Chiesa,
President of Carnegie Financial Corporation (the "Company"), the holding company
of Carnegie Savings Bank ("Bank"), announced today that it has regulatory
approval to purchase up to five percent of its issued and outstanding common
stock, or 11,903 shares, of the Company's common stock.
The stock purchases shall be used for general corporate purposes. Such
stock purchases are expected to be made in open-market transactions, subject to
the availability of stock, market conditions, the trading price of the stock and
the Company's financial performance. The Company anticipates purchasing such
shares during the next six months. The Company's stock is traded in the
over-the-counter bulletin board symbol "CAFN" .
