BANCORP CONNECTICUT INC
8-K, 2000-05-02
SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED
Previous: PENDA CORP, 8-K, 2000-05-02
Next: OCC ACCUMULATION TRUST, 485BPOS, 2000-05-02





                       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)    APRIL 19, 2000
                                                 --------------------



                            BANCORP CONNECTICUT, INC.
                            -------------------------
             (Exact Name of Registrant as Specified in Its Charter)





          Delaware                  34-0-25158                06-1394443
- ----------------------------       ------------          -------------------
(State or Other Jurisdiction       (Commission              (IRS Employer
      of Incorporation)            File Number)          Identification No.)



121 Main Street, Southington, Connecticut                       06489
- ----------------------------------------------------------------------------
(Address of Principal Executive Offices)                      (Zip Code)



Registrant's Telephone Number, Including Area Code         (860) 628-0351
                                                   -----------------------------



- --------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)




                                       1
<PAGE>



ITEM 5.  Other Events

         On April 20, 2000, the share buyback  program adopted by the Registrant
on April 21, 1999 terminated. Pursuant to that program, the Registrant purchased
136,338  shares  of its  outstanding  shares  of  common  stock,  or 2.6% of its
outstanding shares as of April 21, 1999 and April 20, 2000.

         On  April  19,  2000,  the  Registrant's  Board of  Directors  voted to
authorize  a  new  share  buyback  program  of up  to  5%  of  the  Registrant's
outstanding  shares of common stock over the next year.  Purchases  will be made
from time to time in the open  market  and  through  private  transactions.  The
timing  and  amount  of  these  transactions,  to be  funded  through  available
corporate funds, will depend upon market conditions and corporate  requirements.
Shares  repurchased  will be held in  treasury  for general  corporate  purposes
including  reissue to satisfy the exercise of outstanding  stock options.  As of
March 31, 2000, the Registrant had 5,222,018 shares outstanding.





                                       2
<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 thereunto duly authorized.



                                      Bancorp Connecticut, Inc.
                                      ------------------------------
                                            (Registrant)




Date:    April 28, 2000               /s/ Phillip J. Mucha
       ------------------             ------------------------------
                                      Phillip J. Mucha
                                      Chief Financial Officer
                                        And Treasurer/Secretary
                                      (Principal Accounting Officer)


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission