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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: December 5, 1997
(Date of earliest event reported)
NATIONAL CITY BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
INDIANA 0-13585 35-1632155
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
227 Main Street, P.O. Box 868, Evansville, Indiana 47705-0868
(Address of principal executive offices)
Registrant's telephone number, including area code: 812-464-9677
Former name or former address, if changed since last report: N/A
Date of Report: December 5, 1997
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Pursuant to Section 13 or Section 15(b) of the Securities and
Exchange Act of 1934, Registrant hereby makes current report
regarding the following event:
Item 5. Other Events
On December 5, 1997, the Registrant announced that it
will restructure its benefit program by replacing one of
its retirement plans with an incentive cash-bonus plan for
all employees. The change will become effective January 1,
1998.
The Plan for Pensions, one of two retirement plans, is
being replaced with an incentive cash-bonus plan for all
employees. This merely reflects a change in the
Registrant's compensation strategy to offer an immediate
reward for performance. The Registrant's other retirement
plan, a savings and profit sharing plan, fits well with its
pay for performance strategy and will continue without
changes.
This restructuring will have a one-time after-tax
accounting effect of approximately $600,000, or
approximately 6 cents per share. Even after giving effect
to this one-time charge, the Registrant believes 1997 will
be the highest earnings' year since the company began in
1985.
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
NATIONAL CITY BANCSHARES, INC.
Date: December 5, 1997 /s/ HAROLD A. MANN
Harold A. Mann
Secretary/Treasurer
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