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)
August 19, 1999
TECHE HOLDING COMPANY
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(Exact name of Registrant as specified in its Charter)
Louisiana 0-25538 72-1287456
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(State or other jurisdiction (SEC File No.) (IRS Employer
of incorporation) Identification
Number)
211 Willow Street, Franklin, Louisiana 70538
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (318) 828-3212
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Not Applicable
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(Former name or former address, if changed since last Report)
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TECHE HOLDING COMPANY
INFORMATION TO BE INCLUDED IN REPORT
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Item 5. Other Events
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Teche Holding Company, Franklin, Louisiana ("Company"), the holding
company of Teche Federal Savings Bank ("Bank"), announced that it completed a
10% stock repurchase plan and adopted a plan to repurchase up to an additional
10% of the shares of the Company's common stock.
A copy of a press release issued by the Registrant on August 19, 1999
is attached hereto as Exhibit 99 and is incorporated herein by reference in its
entirety.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits
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(c) Exhibits:
99 Press Release dated August 20, 1999.
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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, thereunto duly authorized.
TECHE HOLDING COMPANY
Date: August 20, 1999 By: /s/ Patrick O. Little
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Patrick O. Little
Chief Executive Officer
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EXHIBIT 99
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TECHE HOLDING COMPANY
211 WILLOW STREET - PHONES: 1-318-828-3212
LOUISIANA WATTS: 1-800-256-1500
FRANKLIN, LOUISIANA 70538-1031
August 19, 1999
For Release August 19, 1999
For More Information Contact:
Patrick Little, President and CEO
(318) 828-3212
TECHE HOLDING COMPANY ANNOUNCES REPURCHASE ACTIVITY
FRANKLIN, LA (AMEX-TSH-Teche Holding Company) - Patrick Little,
President and CEO of Teche Holding Company, holding company for Teche Federal
Savings Bank, announced today that it has completed its recent stock repurchase
program in which the Company purchased 309,500 shares or 10% of its common stock
at an average cost of $15.66 per share.
Little also announced that the company has adopted a program to
repurchase up to 10% 278,500 shares of the company's common stock.
The repurchase will be made in accordance with the plan and are
expected to be made in open-market and privately negotiated transactions,
subject to the availability of stock, market conditions, the trading price of
the stock and the Company's financial performance. Such repurchased shares will
become treasury shares and will be utilized for general corporate and other
purposes, including the issuances of shares in connection with the exercise of
stock options. The repurchase program is expected to be completed by June 15,
2001, at which time the Company may terminate or continue the program.
Teche Federal Savings Bank is a federally-chartered savings bank
headquartered in Franklin, Louisiana. The Bank presently operates thirteen full
service offices in the Louisiana parishes of St. Mary, Iberia, Lafayette, St.
Martin, Terrebonne and Lafourche.
The Bank's deposits are insured up to legal maximum limits by the
Federal Deposit Insurance Corporation (FDIC).
