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 (date of earliest event reported): October 23, 1997
Glenway Financial Corporation
(Exact name of registrant as specified in its charter)
Delaware 0-18664 31-1297820
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
5535 Glenway Avenue, Cincinnati, OH 45238
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (513) 922-5959
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Item 5. Other Events
On October 22, 1997, the Board of Directors of Glenway
Financial Corporation (the "Registrant") declared a two-for-one stock split. On
November 17, 1997, the Registrant will issue to each stockholder of record as of
November 1, 1997 (the "Record Date"), one share of common stock for each share
of common stock of the Registrant owned by the stockholder on the Record Date.
Exhibit Index
99 Press Release dated October 22, 1997
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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.
GLENWAY FINANCIAL CORPORATION
(Registrant)
Robert R. Sudbrook, President
Exhibit 99
FOR MORE INFORMATION CONTACT: FOR IMMEDIATE RELEASE
ROBERT R. SUDBROOK, PRESIDENT AND CEO OCTOBER 22, 1997
GREGORY P. NIESEN, VICE PRESIDENT AND CFO
GLENWAY FINANCIAL CORPORATION
(513) 922-5959
GLENWAY FINANCIAL
DECLARES 2-FOR-1 STOCK SPLIT
AND FIRST QUARTER CASH DIVIDEND
CINCINNATI, OHIO, OCTOBER 22, 1997. Glenway Financial Corporation's Board of
Directors declared a stock split to shareholders of record November 1, 1997.
Under the terms of this stock split, Glenway shareholders will receive two
shares for every one share held on the record date. The stock distribution date
is November 17, 1997. Glenway also declared a dividend of $.20 per share on its
common stock outstanding prior to the stock split. The dividend is payable on
November 14, 1997, to shareholders of record October 31, 1997.
Robert R. Sudbrook, President and CEO, stated that "The Board of Directors has
declared this stock split in recognition of the financial performance of the
Company since the acquisition of the Glenway Loan and Deposit Company in a
merger-conversion. The book value of the corporation has increased approximately
90% since that time." Mr. Sudbrook added, "The stock split will increase the
number of shares of Glenway stock outstanding and enhance the liquidity of our
stock."
Glenway Financial Corporation is the holding company for Centennial Savings
Bank. The common stock of Glenway Financial is publicly traded under the symbol
"GFCO" on the Nasdaq National Market.
