UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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): April 8, 1996
HICKORY TECH CORPORATION
(Exact name of registrant as specified in its charter)
Minnesota 0-13721 41-1524393
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
221 East Hickory Street, P.O. Box 3248, Mankato, MN 56002-3248
(Address of principal executive offices) (Zip code)
Registrant's telephone number including area code (800) 326-5789
ITEM 5. OTHER EVENTS
On April 8, 1996, the Board of Directors of the Registrant adopted a share
repurchase program authorizing the Registrant to repurchase up to 500,000
shares, which represents 9.8% of its outstanding common stock. The purchases may
be executed through open market purchases, block purchases and privately
negotiated transactions. The program to repurchase the shares may be
discontinued and recommenced at any time at the discretion of the Board of
Directors. The Registrant has a strong cash position and the Board of Directors
believes the shares are undervalued compared to the performance of the
Registrant.
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 hereunto duly authorized.
Date: April 16, 1996
HICKORY TECH CORPORATION
/s/Robert D. Alton, Jr.
Robert D. Alton, Jr.
Chief Executive Officer
/s/David A. Christensen
David A. Christensen
Chief Financial Officer
