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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): NOVEMBER 28, 1997
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SKANEATELES BANCORP, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-18513 16-1368745
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
33 E. Genesee Street
SKANEATELES, NEW YORK 13152
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(address of principal executive office) (Zip Code)
Registrant's Telephone number, including area code: (315) 685-2265
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NOT APPLICABLE
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(Former name or former address, if changed since last report)
Page 1 of 3 pages.
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Item 5. OTHER EVENTS.
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On November 28, 1997, the Registrant completed its previously announced stock
split. The three-for-two stock split, in the form of a 50 percent stock
dividend, was paid to shareholders of record on November 12.
Skaneateles Bancorp shareholders received a dividend of one share for every two
shares held on November 12. Total shares issued were 478,133, bringing the total
shares outstanding on November 28 to 1,435,717. Fractional shares created by the
stock dividend were paid in cash at a price of $19.77 per share, as adjusted for
the stock dividend. Shareholders participating in the Company's dividend
reinvestment plan received fractional shares credited to their accounts.
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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.
SKANEATELES BANCORP, INC.
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(Registrant)
By: /S/ J. DANIEL MOHR
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J. Daniel Mohr
Treasurer
Dated December 1, 1997
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