September 17, 1998
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D. C. 20459
RE: CHITTENDEN CORPORATION CURRENT REPORT ON FORM 8-K
REGISTRATION NUMBER 0-7974
To Whom it May Concern:
Pursuant to 8-K filing requirements, under the Securities and Exchange Act of
1934, there is appended to this transmittal, an electronic file of the current
report (on Form 8-K) of Chittenden Corporation, Two Burlington Square,
Burlington, Vermont 05401.
If you have any questions concerning this report, please telephone the
undersigned at (802) 660-1410.
Kindly acknowledge receipt of this letter by COMPUSERVE E-MAIL.
Very truly yours,
S/ F. SHELDON PRENTICE
SENIOR VICE PRESIDENT, GENERAL COUNSEL & SECRETARY
PAGE 1
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): September 17, 1998
CHITTENDEN CORPORATION
(Exact name of Registrant
as specified in charter)
Vermont 0-7974 03-0228404
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
Two Burlington Square
Burlington, Vermont 05401
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (802) 658-4000
Not Applicable
(Former name or former address,
if changed since last report.)
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ITEM 5. OTHER EVENTS
On September 17, 1998, Paul A. Perrault, Chairman of the Board of Directors,
President, and Chief Executive Officer of Chittenden Corporation announced today
that Sally W. Crawford has been elected to the Board of Directors of Chittenden
Trust Company. A press release is attached as an exhibit to this Form 8-K.
PAGE 3
INDEX TO EXHIBITS
EXHIBIT NUMBER PAGE NUMBER
(28) Additional Exhibits 5
Press release related to announcement
that Sally W. Crawford has been elected
to the Board of Directors of Chittenden
Trust Company.
PAGE 4
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.
CHITTENDEN CORPORATION
(Registrant)
BY: S/F. SHELDON PRENTICE DATE: September 17, 1998
-------------------------------------- ------------------
Senior Vice President, General Counsel,
and Secretary
PAGE 5
EXHIBIT 28
CHITTENDEN CORPORATION
TWO BURLINGTON SQUARE
BURLINGTON, VT 05401
(802) 658-4000
September 17, 1998
SALLY W. CRAWFORD APPOINTED TO CHITTENDEN
TRUST COMPANY BOARD OF DIRECTORS
#53/98
Burlington, Vermont Paul A. Perrault, Chairman of the Board of Directors,
President, and Chief Executive Officer of Chittenden Corporation announced today
that Sally W. Crawford has been elected to the Board of Directors of Chittenden
Trust Company.
In announcing Crawford's appointment, Perrault commented, "We are very pleased
that Sally has joined the Board of Directors. Her extensive public company
experience, and her experience with a large company involved in a rapidly
changing industry will be a great asset to our board." Perrault continued, "In
addition, Sally is very familiar with our market."
Since its inception in 1985, Crawford was the Chief Operating Officer of
Healthsource Inc., an HMO and managed care company publicly traded on the New
York Stock Exchange. As of January 1997, the total number of employees in
Healthsource s combined entities totaled 6200. Other positions Crawford held
with Healthsource Inc. included Chief Executive Officer of Healthsource New
Hampshire, Chief Executive Officer of Healthsource for Seniors, Chief Executive
Officer of Jobcare and Chief Executive Officer of Healthsource Administrators.
CIGNA HealthCare acquired Healthsource in a cash transaction for $1.7 billion in
1997.
Previous to her employment with Healthsource Inc., Crawford was employed by
Beacon Health as Director of Marketing, and Matthew Thornton Health Plan as
Director of Marketing.
Crawford is a 1975 graduate of Smith College with a B.A. in English. She also
holds a M.S. in Communications from Boston University.
Crawford was a Director with Harborside Healthcare, a publicly traded, long-term
and subacute care company headquartered in Boston, Massachusetts until August
1998 when the company was acquired by Investcorp. She also sits on the Board of
Directors of Yankee Publishing, a private company located in Dublin, New
Hampshire that publishes Yankee Magazine and the Old Farmer s Almanac. In
addition, Crawford is a Director of CYTYC Corporation, a publicly traded company
headquartered in Boxborough, Massachusetts that developed, manufactures and
markets the ThinPrep System and ThinPrep Pap Test for medical diagnostic
systems. In July 1998, Crawford joined Medical Resources, Inc. as a Director.
Medical Resources, Inc. is a publicly traded company that specializes in the
ownership, operation and management of 98 diagnostic imaging centers in the
United States.
Active in the nonprofit arena, Crawford is Treasurer of Leadership New Hampshire
and chairs the endowment challenge. She is also a director of the Odyssey House
in Hampton, New Hampshire, and is a Board Member of the New Hampshire Business
Committee for the Arts.
Crawford lives in Exeter, New Hampshire, where she has located a health care
consulting practice focusing on entrepreneurial opportunities requiring high
level strategic and operational consultation.
Chittenden Corporation is a bank holding company headquartered in Burlington,
Vermont. Its subsidiary banks are Chittenden Bank, located in Vermont, The Bank
of Western Massachusetts serving the Springfield, Massachusetts area, and
Flagship Bank and Trust Company, which is located in the Worcester,
Massachusetts area.
