SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
August 13, 1998
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(Date of Earliest Event Reported)
Pennichuck Corporation
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(Exact name of registrant as specified in its charter)
New Hampshire 0-18552 02-0177370
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification Number)
Four Water Street, Nashua, New Hampshire 03060
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(Address of principal executive offices, including Zip Code)
(603) 882-5191
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(Registrant's telephone number, including area code)
FORM 8-K REPORT
Item 5. Other Events
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This Report on Form 8-K is made by Pennichuck Corporation ("Registrant")
pursuant to Item 5 of the instructions. On August 13, 1998, the Company
announced that its Board of Directors approved a three for two stock split
to be effected in the form of a stock dividend. The additional common shares
($1.00) par value to be issued will be distributed on September 1, 1998 to
shareholders of record on August 18, 1998.
LIST OF EXHIBITS
28.1 Press Release -- "Pennichuck Announces Stock Split"
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on behalf by the
undersigned hereunto duly authorized.
Pennichuck Corporation
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(Registrant)
August 19, 1998 /s/ Charles J. Staab
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Date Charles J. Staab, Vice President,
Treasurer and Chief Financial Officer
Exhibit 28.1
FOR IMMEDIATE RELEASE
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PENNICHUCK ANNOUNCES STOCK SPLIT
August 13, 1998
Contact: Maurice L. Arel, President & Chief Executive Officer
Charles J. Staab, VP, Treasurer & Chief Financial Officer
Phone: 603-882-5191
Fax: 603-882-4125
Website: www.pennichuck.com
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Maurice L. Arel, President and Chief Executive Officer of Pennichuck
Corporation, announced today that the Corporation's board of directors
recently approved a three for two stock split to be effected in the form of
a stock dividend. The additional shares to be issued under this split will be
distributed on September 1, 1998 to shareholders of record on August 18, 1998.
Shareholders will receive one additional share of common stock of the
Corporation ($1.00 par value) for each two shares held as of the record date.
Except for shareholders participating in the Corporation's dividend
reinvestment and common stock purchase plan, any fractional shares will be
paid in cash to shareholders of record based on the closing price of
Corporation's common stock on September 1, 1998.
Pennichuck Corporation is a holding company located in Nashua, New Hampshire
and, through its operating subsidiaries, is engaged in regulated water utility
operations in portions of southern and central New Hampshire. In addition, it
provides contract operations for billing, operations and maintenance services
to municipalities and also is involved in real estate sales and development.
Its shares of common stock are presently traded on the Over-the-Counter
Bulletin Board system under the symbol "PNNW".
