SECURITIES AND EXCHANGE COMMISSION
Washington, D.C., 20549
FORM 8-K/A
CURRENT REPORT
Amendment No. 1
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 7, 1995
AMERICAN BANCORPORATION
(Exact name of registrant as specified in its charter)
Ohio 0-5893 31-0724349
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1025 Main Street, Suite 800, Wheeling, West Virginia, 26003
(Address of principal executive offices)
Registrant's telephone number, including area code (304) 233-5006
(Former name or former address, if changed since last report)
Item 5. Other Events
On March 17, 1995, the Registrant filed a Form 8-K reporting that on
March 7, 1995, the U.S. District Court for the Northern District of West
Virginia entered an Order Granting Defendants' Motion for Summary Judgment
against American Bancorporation Retirement Plan, resolving a dispute
concerning the proper earnings formula used to determine the retirement
benefits due a former employee of the Registrant and its affiliated
subsidiaries. The Court found that the former employee was entitled to
benefits equal to 32% of average compensation, as defined in the Plan, not
the 20% of average compensation used for determining the former employees'
benefit.
The Registrant has appealed this Order. The Registrant is unable to
conclude whether it will prevail on appeal. Accordingly, pending resolution
of the appeal, the Registrant has recalculated the benefits for vested Plan
participants and determined that an additional $500,000 should be reserved
for the Plan's probable additional liability under the grant of Summary
Judgment. This amount has been charged to earnings in 1994.
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.
AMERICAN BANCORPORATION
(Registrant)
Date April 17, 1995 /s/ Jeremy C. McCamic
Jeremy C. McCamic
Chairman and
Chief Executive Officer
Date April 17, 1995 /s/ Brent E. Richmond
Brent E. Richmond
Chief Financial and
Accounting Officer
