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
November 20, 1998
(Date of report)
QUAD CITY HOLDINGS, INC.
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction
of incorporation)
0-22208 42-1397595
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(Commission (IRS Employer
File Number) Identification No.)
3551-7th Street
Moline, Illinois 61265
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(Address of principal executive offices)(Zip Code)
(309) 736-3580
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(Registrant's telephone number, including area code)
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Item 5. Other Events
On October 21, 1998, the Board of Directors of Quad City Holdings, Inc.
(the "Registrant"), declared a three-for-two stock split, payable in the form of
a stock dividend of one share of Common Stock, par value $1.00 per share
("Common Stock"), for each two shares of Common Stock held of record as of
November 20, 1998. The Registrant has set November 30, 1998, as the distribution
date for the stock dividend. A copy of the press release distributed by the
Registrant regarding the three-for-two stock split is attached hereto as Exhibit
99.1.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements of Business Acquired.
None.
(b) Pro Forma Financial Information.
None.
(c) Exhibits.
99.1 Press Release dated November 24, 1998
<PAGE>
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.
QUAD CITY HOLDINGS, INC.,
a Delaware corporation
Date: November 24, 1998 By: /s/ Douglas M. Hultquist
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Douglas M. Hultquist
Chairman, President and
Chief Executive Officer
Quad City Holdings, Inc.
3551 7th Street
Moline, Illinois 61265
November 24, 1998
FOR MORE INFORMATION CONTACT:
Doug Hultquist at (309) 736-3893
or
Mike Bauer at (319) 344-0600
FOR IMMEDIATE RELEASE
QUAD CITY HOLDINGS, INC. ANNOUNCES THREE-FOR-TWO STOCK SPLIT
Douglas Hultquist, the President and Chief Executive Officer of Quad City
Holdings, Inc. (Nasdaq: QCHI), announced today that the Company has declared a
three-for-two stock split in the form of a stock dividend. As a result of the
stock split, holders of the Company's Common Stock as of the November 20, 1998,
record date will receive a stock dividend of one share of Common Stock for each
two shares held. The intended distribution date for the stock dividend is
November 30, 1998.
Quad City Holdings, Inc., which began trading on the Nasdaq SmallCap Market
System in October of 1993, is a community based banking organization which
serves the Quad City area with locations in Bettendorf and Davenport, Iowa and
Moline, Illinois. Quad City Bank and Trust Company commenced operations in
January, 1994 and specializes in commercial lending and trust. Quad City Bancard
was formed in April, 1995 and processes credit card transactions for
approximately 12,500 merchants.
