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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: November 27, 1998
SECOND BANCORP, INCORPORATED
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(Exact name of registrant as specified in its charter)
Ohio 0-15624 34-1547453
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(State of incorporation) (Commission (IRS Employer
File Number) Identification No.)
108 Main Avenue S.W., Warren, Ohio 44482-1311
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 330-841-0123
ITEM 5. OTHER EVENTS
Appointment of directors:
By negotiated terms of a certain Agreement and Plan of Merger date May
4, 1998 pursuant to which Trumbull Financial Corporation ("Trumbull") agreed to
be acquired by and merged into Second Bancorp Incorporated ("Second Bancorp"),
Second Bancorp agreed, subject to completion of the transaction, to increase the
number of its directors from seven (7) to ten (10) and to fill the vacancies
created thereby with three former Trumbull directors. Second Bancorp's
acquisition of Trumbull was completed as of the close of business, November 19,
1998.
Effective the close of business on November 19, 1998, the following
former Trumbull directors were added to Second Bancorp's Board of Directors.
Dr. David A. Allen, Jr., age 57, was a director of Trumbull since 1993.
Dean of the Trumbull Campus of Kent State University since 1990, Dr. Allen
previously served as Chair of the Aerospace Studies Department and Associate
Director of Undergraduate Admissions, Pennsylvania State University, and prior
to that in the United States Air
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Force where he retired with the rank of Colonel. Dr. Allen holds a masters
degree in Higher Education from George Washington University and a Ph.D. in
Education Administration from the University of Southern California. Dr. Allen
was conditionally elected to Second Bancorp's Board by vote of its shareholders
at a special meeting held on November 10, 1998.
James R. Izant, age 40, was a director of Trumbull since 1985,
Corporate Secretary since 1986 and Executive Vice President since 1991. Mr.
Izant has twenty years of banking experience, beginning in 1978 with The Second
National Bank of Warren and continuing with Trumbull since 1984. Mr. Izant's
specialized training in the banking industry includes degrees from banking
schools sponsored by Ohio State University, Ohio University and the University
of Texas, Austin. Mr. Izant was appointed as a Second Bancorp director by the
Board pursuant to authority granted in the company's regulations.
Phyllis J. Izant, age 35, has been a director of Trumbull since 1996.
Her principal occupation since 1994 is Development Associate for Leadership
Gifts, Purdue University Central Development Office, West Lafayette, Indiana. As
a Development Associate, Ms. Izant shares responsibility for the University's
fund raising efforts as one of four members of the University's leadership team.
From 1991 to 1994 Ms. Izant was Assistant Director of Development at the Kent
School in Kent, Connecticut where she had primary responsible for the school's
capital-raising efforts. Ms. Izant holds a Masters Degree in Business
Administration from Purdue University and a Master of Theological Studies from
Boston University. Ms. Izant was appointed as a Second Bancorp director by the
Board pursuant to authority granted in the company's regulations.
Phyllis J. and Robert R. Izant are brother and sister.
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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.
Second Bancorp, Incorporated
Date: November 27, 1998 /s/ David L. Kellerman
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David L. Kellerman, Treasurer
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