Securities and Exchange Commission
Washington, D.C. 20579
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) - June 22, 2000
MAHASKA INVESTMENT COMPANY
(Exact name of registrant as specified in its charter)
Iowa 0-24630 42-1003699
(State of other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
222 First Avenue East, Oskaloosa, Iowa 52577
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (515) 673-8448
<PAGE>
Item 5. Other Events.
On June 22, 2000, the directors of Mahaska Investment Company (the Company)
elected James G. Wake, Michael R. Welter, and Edward C. Whitham, Jr. to fill
vacancies on the Company's board of directors. All of the newly-elected
directors currently serve as outside directors for the Company's subsidiary
banks.
James G. Wake is the general manager of an agricultural business from Oskaloosa,
Iowa. He has served on the Mahaska State Bank board of directors since 1987. Mr.
Wake was appointed to serve on the Company's board compensation committee.
Michael R. Welter is a self-employed general contractor from Sigourney, Iowa.
Mr. Welter has served on the Central Valley Bank board of directors since 1997.
He was appointed to the Company's board audit and compensation committees.
Edward C. Whitham, Jr. has served on the board of directors of Midwest Federal
Savings and Loan Association since 1974. He is the president of an accounting
and tax consulting firm in Burlington, Iowa. Mr. Whitham was appointed to the
Company's board audit committee.
The newly-elected directors fill vacancies on the Company's board of directors
created by the resignation of R. Spencer Howard effective February 29, 2000, the
death of James F. Mathew on March 28, 2000, and the death of Martin L. Bernstein
on April 28, 2000. The newly-elected directors will all be subject to election
by the Company's shareholders at the 2001 annual meeting.
The election of individuals to fill vacancies increases the Company's board of
directors to nine members. Other board members include: Richard R. Donahue,
William D. Hassel, Charles S. Howard, David A. Meinert, John P. Pothoven, and
John W. N. Steddom. Current outside directors serving on board committees
include Richard R. Donahue on the audit committee and John W. N. Steddom on the
compensation committee.
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 thereunto duly authorized.
Mahaska Investment Company
By: /s/ David A. Meinert
-------------------------------------
Name: David A. Meinert
Title: Executive Vice President
and Chief Financial Officer
Date: June 27, 2000
