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): July 1, 1997
WOOD BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-22034 34-1742860
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) Number)
124 East Court, Bowling Green, Ohio 434082
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (419) 352-3502
N/A
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(Former name or former address, if changed since last report.)
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Item 5. Other Events.
On July 1, 1997, Wood Bancorp, Inc. issued the press release attached
hereto as Exhibit 99 announcing the declaration of a stock dividend.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed its behalf by the
undersigned hereunto duly authorized.
WOOD BANCORP, INC.
Date: July 10, 1997 By: /s/Richard Gordley
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Richard Gordley
President
Exhibit 99
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FOR MORE INFORMATION FOR IMMEDIATE RELEASE
Contact: David L. Nagel, Date: July 1, 1997
Executive Vice President
and Chief Financial Officer
at (419) 352-5261 ext. 241
WOOD BANCORP, INC.
DECLARES 50% STOCK DIVIDEND AND ANNOUNCES EFFECTIVE
INCREASE IN CASH DIVIDEND
BOWLING GREEN, OHIO, [NASDAQ: FFWD] - Wood Bancorp, Inc., the parent
corporation of First Federal Bank, has announced a 50% stock dividend
(effectively, a three-for-two stock split) payable on or about July 29, 1997 to
shareholders of record on July 15, 1997. The stock dividend will result in a 50%
increase in the Corporation's annual cash dividend payout.
"Wood Bancorp is enjoying record performance," said Richard L. Gordley,
President. "This action by our Board of Directors shares our success with
shareholders and rewards them for their investment in Wood Bancorp." Mr. Gordley
added, "The Board's action will increase the number of shares outstanding from
1,411,186 to 2,116,779, making it easier for small investors to purchase our
stock."
Under the terms of the stock dividend, Wood Bancorp shareholders will
receive a dividend of one share for every two shares held on the record date.
Fractional shares created by the stock dividend will be paid in cash based upon
the price of the Corporation's stock on July 15, 1997, as adjusted for the stock
dividend. A cash dividend of $.10 per share will continue to be paid on the
number of shares outstanding after the stock dividend, which effectively
translates to a 50% increase over the previous dividend paid.
At March 31, 1997, the Corporation has assets of $163.5 million and
stockholders' equity of $20.8 million. The Corporation's stock is quoted on the
Nasdaq Small-Cap Market under the ticker symbol "FFWD." The Corporation's stock
closed at $16.875 per share on June 30, 1997.
124 E. Court - Bowling Green, Ohio 43402 - Phone (419) 352-3502
Fax (419) 352-4757
