SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: February 27, 1996
Date of Event (or earliest event) being reported: February 27, 1996
IPALCO ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
Indiana 1-8644 35-1575582
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
One Monument Circle, Indianapolis, Indiana 46204
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (317) 261-8261
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Item 5. Other Event
IPALCO Enterprises, Inc. issued the following press release on
February 27, 1996, relating to the declaration of a stock distribution in
the form of a three-for-two split of its outstanding common stock:
Media: Marni Lemons
317-261-8219
email: [email protected]
Investor: Jennifer Kent
317-261-8259
email: [email protected]
IPALCO Declares 3-for-2 Stock Split, Raises Dividend
INDIANAPOLIS, February 27, 1995 -- The Board of Directors of IPALCO
Enterprises Inc. declared a three-for-two stock split today and raised
the annual indicated dividend six cents per share on a pre-split basis.
The annual indicated dividend level rose from $2.16 per share to $2.22
per share, pre split, and from $1.44 to $1.48 on a post-split basis.
"We were extremely pleased with the financial performance of the company
in 1995," IPALCO Chairman and President John R. Hodowal said. "The stock
split and increased dividend also signal our confidence in IPALCO's
future."
As a result of the split, the Board of Directors believes IPALCO's stock
will become more affordable for individual investors who represent over
60 percent of IPALCO's shareholder base.
"Important to small investors and large investors alike, the greater
number of shares may reduce price fluctuations that sometimes occur
because of large block trading," Hodowal said.
Shareholders of record March 7, 1996, will be entitled to receive one
additional share for each two shares then owned. The new shares will be
issued and mailed on or about March 18, 1996.
IPALCO Enterprises, Inc. is a multi-state energy company providing a
variety of energy products and services. IPALCO's principal subsidiary,
Indianapolis Power & Light Company, provides retail electric service to
more than 400,000 customers in Indianapolis and in portions of other
central Indiana counties.
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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.
Dated: February 27, 1996
IPALCO ENTERPRISES, INC.
By /s/ Bryan G. Tabler
Name: Bryan G. Tabler
Title: Vice President, Secretary
and General Counsel
