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
December 10, 1999
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Date of Report (Date of earliest event reported)
PEOPLES BANCORP INC.
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(Exact name of Registrant as specified in its charter)
0-16772
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Commission File Number
Ohio 31-0987416
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(State or other jurisdiction of incorporation) (I.R.S. Employer
Identification Number)
138 Putnam Street
P.O. Box 738,
Marietta, Ohio 45750
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(740) 373-3155
Not applicable
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(Former name or former address, if changed since last report)
Index to Exhibits on page 3
<PAGE>
Item 1. Changes in Control of Registrant
Not applicable.
Item 2. Acquisition or Disposition of Assets
Not applicable.
Item 3. Bankruptcy or Receivership
Not applicable.
Item 4. Changes in Registrant's Certifying Accountant
Not applicable.
Item 5. Other Events
On December 10, 1999, Peoples Bancorp Inc. adopted a resolution
authorizing the repurchase of up to 150,000 shares (or approximately 2.5% of the
Company's outstanding common shares) from time to time in open market or
privately negotiated transactions. The release is included herewith as Exhibit
99.
Item 6. Resignations of Registrant's Directors
Not applicable.
Item 7. Financial Statements and Exhibits
(a) Non required
(b) Non required
(c) Exhibits.
EXHIBIT NUMBER DESCRIPTION
99 News Release issued December 10, 1999
Item 8. Change in Fiscal Year
Not applicable.
Item 9. Sales of Equity Securities Pursuant to Regulation S
Not applicable.
<PAGE>
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.
DATE: December 10, 1999 PEOPLES BANCORP INC.
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Registrant
By: /s/ ROBERT E. EVANS
Robert E. Evans
President and Chief Executive Officer
INDEX TO EXHIBITS
Exhibit Number Description Page
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99 News Release issued December 10, 1999 4
EXHIBIT 99
NEWS RELEASE
FOR IMMEDIATE RELEASE Contact: John W. Conlon, Chief Financial Officer
December 10, 1999 (740) 373-3155
PEOPLES BANCORP AUTHORIZES
REPURCHASE OF COMMON STOCK
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MARIETTA, Ohio - The Board of Directors of Peoples Bancorp Inc.
(Nasdaq: PEBO) yesterday adopted a resolution authorizing the repurchase of up
to 150,000 shares (or approximately 2.5% of the Company's outstanding common
shares) from time to time in open market or privately negotiated transactions.
The timing of the purchases and the actual number of common shares purchased
will depend on market conditions. This stock repurchase program will be
implemented at the Company's discretion and will expire December 31, 2000.
Robert E. Evans, Peoples Bancorp's President and Chief Executive
Officer, commented, "This new repurchase plan reflects Peoples Bancorp's
continued commitment to enhance shareholder value and effectively manage our
capital levels. Under current conditions, the purchase of our outstanding shares
is a better investment than other alternatives."
Peoples Bancorp announced a 5% buyback program in April, 1999. To date,
the Company has purchased 97% of the 315,000 shares authorized under that
repurchase plan. The Company expects to complete the repurchase plan initiated
in April, 1999, before December 31, 1999.
In addition, the Company intends to continue the previously announced
purchase of approximately 16,500 treasury shares per quarter for issuance in
connection with Peoples Bancorp's stock option plans. The continuation of this
16,500 share quarterly repurchase program may be amended or eliminated in the
future.
Peoples Bancorp Inc. is a diversified financial services holding
company headquartered in Marietta, Ohio, with over $1 billion in assets. Peoples
Bancorp, which is Y2K ready, operates 38 financial service locations in the
states of Ohio, West Virginia, and Kentucky. Peoples Bancorp's banking
subsidiaries include Peoples Bank with offices in Ohio and West Virginia; The
First National Bank of Southeastern Ohio with three Ohio offices; and Peoples
Bank FSB, with four Kentucky offices. Through its subsidiaries, Peoples Bancorp
offers complete banking services and makes available other financial services,
such as trust services, investment and insurance products, and internet banking.
Peoples Bancorp's common stock is traded through the Nasdaq National Market
System under the symbol "PEBO." Learn more about Peoples Bancorp or enroll in
Peoples OnLine Connection, Peoples Bank's internet banking product, at
www.peoplesbancorp.com.
END OF RELEASE
