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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
March 19, 1998
Date of Report (Date of earliest event reported)
AMSOUTH BANCORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-7476 63-0591257
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
AmSouth-Sonat Tower
1900 Fifth Avenue North
Birmingham, Alabama 35203
(Address, including zip code, of principal executive office)
(205) 320-7151
(Registrant's telephone number, including area code)
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Item 5. Other Events.
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AmSouth Bancorporation ("AmSouth") is filing this Current Report on
Form 8-K to report the following:
On March 19, 1998, AmSouth issued a press release announcing the
approval of the Board of Directors of a three-for-two stock split in the form of
a stock dividend in which each holder will receive one-half share of common
stock for each share held, payable on April 30, 1998 to shareholders of record
on April 3, 1998. Cash will be paid in lieu of fractional shares.
A pro-forma schedule showing the effect of the three-for-two stock
split on selected financial data from the last five years is set forth below.
AmSouth Bancorporation
Selected Pro Forma Financial Data Per Common Share
Assuming Three-for-Two Common Stock Split
1997 1996* 1996 1995 1994 1993
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Earnings Per Common Share
As Reported 2.76 2.33 2.15 2.00 1.50 1.92
Pro Forma 1.84 1.55 1.43 1.33 1.00 1.28
Diluted Earnings Per Common Share
As Reported 2.73 2.31 2.13 1.98 1.48 1.90
Pro Forma 1.82 1.54 1.42 1.32 0.99 1.26
Cash Dividends Declared
As Reported 1.14 1.08 1.08 1.03 0.95 0.81
Pro Forma 0.76 0.72 0.72 0.69 0.63 0.54
*Excludes one-time assessment with respect to deposits assessable by the Savings
Association Insurance Fund.
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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.
AMSOUTH BANCORPORATION
By: /s/ Carl L. Gorday
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Carl L. Gorday
Assistant Secretary
Date: March 31, 1998
