FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: September 23, 1999
PIONEER RAILCORP
(Exact name of registrant as specified in its charter)
IOWA 33-6658-C 37-116131
(State of Incorporation)(Commission File No.) (IRS Employer ID No.)
1318 S. JOHANSON ROAD, PEORIA, ILLINOIS 61607
(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (309) 697-1400
Item 5. Other Events.
Pioneer Railcorp announced that its Board of Directors has authorized the
repurchase of up to one million shares (1,000,0000) of the Company's common
stock. The repurchase will coincide with the planned sale of certain
non-essential assets expected to be completed by the end of the year.
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 thereunto duly authorized.
PIONEER RAILCORP
(Registrant)
09/23/99 /s/Guy Brenkman
Date GUY L. BRENKMAN
PRESIDENT & CEO
09/23/99 /s/J. Michael Carr
Date J. MICHAEL CARR
TREASURER & CHIEF
FINANCIAL OFFICER
