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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Date of Report (Date of earliest event reported) January 3, 2000
SOUTHERN MICHIGAN BANCORP, INC.
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(Name of Issuer in its charter)
Michigan 38-2407501
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(Address of principal executive offices) (I.R.S. Employer Identification No.)
SOUTHERN MICHIGAN BANCORP, INC.
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(Name of Issuer in its charter)
51 W. Pearl St., Coldwater, MI 49036-1995
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Address of principal executive offices (Zip Code)
Issuer's telephone number (517) 279-5500
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N/A
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(former name or former address, if changed since last report)
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ITEM 5. OTHER MATTERS
Registrant announced the termination of its Stock Repurchase Program by its
Board of Directors as of January 6, 2000.
EXHIBITS.
Copy of letter to stockbroker making a market in Corporations common stock and
the stock-broker designated to handle the repurchase.
Copy of Registrant's Press Release
SIGNATURE
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 officer.
Southern Michigan Bancorp, Inc.
/s/ JAMES T. GROHALSKI
Dated: January 12, 2000 -----------------------
By: James T. Grohalski
Its: President & CEO
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Exhibit Index
Exhibit
Number Description
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99.1 Copy of letter to stockbroker making a market in Corporations common
stock and the stockbroker designated to handle the repurchase.
99.2 Copy of Registrant's Press Release
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EXHIBIT 99.1
January 6, 2000
Mr. Daniel Parker
Senior Vice President
Hilliard Lyons
150 N. Willowbrook Road, Suite 300
Coldwater, MI 49036
Dear Mr. Parker:
Effective, Monday, January 3, 2000, the Board of Directors of Southern
Michigan Bancorp, Inc. has terminated the Repurchases of Common Stock Plan dated
May 3, 1999.
If you have any questions please contact me at (517) 279-5525.
Very truly yours,
/s/ JAMES T. GROHALSKI
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James T. Grohalski
President & CEO
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EXHIBIT 99.2
SOUTHERN MICHIGAN
BANCORP, INC. ENDS
REPURCHASE PLAN
The Southern Michigan Bancorp, Inc. Board announced Monday, January 3, 2000,
that they will be ending the stock repurchase plan initiated May 3, 1999.
The plan authorized the company to make repurchases from time to time in the
open market or in privately negotiated transactions. Repurchased common shares
were used to meet the company's requirements for future stock splits and stock
dividends and other general corporate purposes. As the needs have been met, the
Board of Southern Michigan Bancorp is terminating the repurchase program.
Southern Michigan Bank & Trust, the sole subsidiary of Southern Michigan
Bancorp, Inc., operates 13 offices in Calhoun, Branch, & Hillsdale Counties.
