SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report:
October 20, 2000
SKY FINANCIAL GROUP, INC.
(Exact name of registrant as specified in its charter)
Ohio 1-14473 34-1372535
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
221 South Church Street
Bowling Green, Ohio 43402
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (419) 327-6300
N/A
(Former name or former address, if changed since last report)
<PAGE 2>
Item 5. Other Items
Effective October 20, 2000, Sky Financial Group, Inc. (the Company)
announced today that, in an effort to downsize and streamline its corporate
board, twelve directors voluntarily submitted their resignations, most of whom
will continue to serve the Company as directors of various of its affiliates.
Going forward, Sky Financial Group, Inc. will have a sixteen-member board,
comprised of the following directors:
Marty E. Adams
George N. Chandler, II
Robert C. Duvall
D. James Hilliker
Richard R. Hollington, Jr.
Fred H. "Sam" Johnson, III
Jonathan A. Levy
Gerard P. Mastroianni
James C. McBane
Thomas J. O'Shane
Edward J. Reiter
Gregory L. Ridler
Emerson J. Ross, Jr.
C. Gregory Spangler
Robert E. Spitler
Joseph N. Tosh, II
The following directors are voluntarily standing-down:
Gerald D. Aller
David A. Bryan
Keith D. Burgett
Del E. Goedeker
Charles I. Homan
H. Lee Kinney
Marilyn O. McAlear
Thomas S. Noneman
Patrick W. Rooney
Douglas J. Shierson
Robert E. Stearns
<PAGE 3>
In other action, the Company's Board of Directors declared a 10% stock
dividend on its common stock, payable January 2, 2001 to shareholders of
record December 15, 2000.
In addition, the Company announced that the Board of Directors has
reauthorized its common stock repurchase plan, through which the Company may
repurchase up to 5% (or approximately 3.8 million) of the outstanding shares of
Sky Financial common stock over a twelve month period in the open market or in
privately negotiated transactions. This action represents a continuation of the
Company's program in which shares are repurchased for general corporate
purposes, including use in future stock dividends and use in its stock option
plans.
<PAGE 4>
SIGNATURE
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.
SKY FINANCIAL GROUP, INC.
By: /s/ Kevin T. Thompson
Name: Kevin T. Thompson
Title: Executive Vice President and
Chief Financial Officer
Date: October 20, 2000
