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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): October 29, 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)
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Item 5. Other Events
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On October 28, 1997, the registrant declared a three-for-two stock
split, in the form of a 50 percent stock dividend, payable on November 28, 1997
to shareholders of record on November 12. The stock split will increase the
Company's shares outstanding by approximately 477,700 shares. The Company had
955,457 shares outstanding on October 28.
Under the terms of the stock dividend, Skaneateles Bancorp
shareholders will receive a dividend of one share for every two shares held on
November 12. Fractional shares created by the stock dividend will be paid in
cash based upon the last reported sale price on November 12, as adjusted for the
stock dividend, except for shareholders participating in the Company's dividend
reinvestment plan who will receive 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/ Daniel Mohr
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J. Daniel Mohr
Treasurer
Dated October 29, 1997
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