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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): February 17, 1997
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HICKORY TECH CORPORATION
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(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
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(Address of principal executive offices) (Zip code)
Registrant's telephone number including area code (800) 326-5789
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ITEM 5. OTHER EVENTS
On January 29, 1997, the Board of Directors of the Registrant adopted a new
share repurchase program authorizing the Registrant to repurchase up to
500,000 additional shares, which represents 10.8% of its outstanding common
stock. This new repurchase program follows the repurchase program which the
Registrant announced on April 8, 1996. Due to the successful completion of
the initial repurchase program in February 1997, the Registrant will begin
the new repurchase program effective February 17,1997. 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 balance sheet and the Board of
Directors believes the shares are undervalued compared to the performance
of the Registrant. There is no stated termination date for the program.
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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: February 17, 1997
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HICKORY TECH CORPORATION
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Robert D. Alton, Jr.
Chief Executive Officer
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David A. Christensen
Chief Financial Officer
