8-K

UNITED STATES

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): May 20, 2011

HICKORY TECH CORPORATION

(Exact name of registrant as specified in its charter)

Minnesota	0-13721	41-1524393
(State or other jurisdiction of incorporation)	(Commission file number)	(I.R.S. Employer Identification No.)

221 East Hickory Street, P.O. Box 3248, Mankato, MN	56002-3248
(Address of principal executive offices)	(Zip Code)

                                 (800) 326-5789                                

(Registrant’s telephone number, including area code)

                                        Not Applicable                                     

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 Item 7.01.       Regulation FD Disclosure.

          The following information is being furnished pursuant to Regulation FD. On May 17, 2011, HickoryTech Corporation held its annual meeting. A copy of the presentation used at the annual meeting is furnished as an exhibit in Item 9.01.

Item 9.01.        Financial Statements and Exhibits.

(c)     Exhibits.

99.1 Annual Meeting Presentation dated May 17, 2011

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SIGNATURE

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.

Date:  May 20, 2011

HICKORY TECH CORPORATION

By:  /s/ John W. Finke

John W. Finke, President and Chief Executive Officer

By:  /s/ David A. Christensen

David A. Christensen, Senior Vice President and Chief Financial Officer

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EXHIBIT INDEX

Exhibit No.	Description
99.1	Annual Meeting Presentation dated May 17, 2011

4

EX-99.1

Exhibit 99.1

Annual Shareholder Meeting
May 17, 2011

Information set forth in this presentation contains financial estimates
and other forward-looking statements that are subject to risks and
uncertainties; therefore, actual results might differ materially from such
statements, whether as a result of new information, future events or
otherwise. You are cautioned not to place undue reliance on these
forward-looking statements.A discussion of factors that may effect
future results is contained in HickoryTech’s filings with the Securities
and Exchange Commission.HickoryTech disclaims any obligation to
update and revise statements contained in this presentation based on
new information or otherwise. This presentation also contains certain
non-GAAP financial measures.Reconciliations of these non-GAAP
measures to the most directly comparable GAAP measures will be
available in our presentation to be filed with the SEC.

Safe Harbor Statement

Dale Parker

Board Chairman

Welcome

Agenda

Board of Directors

Business Meeting

Proposals

•Ratification of Grant Thornton as the company’s
independent accounting firm and auditor for 2011

John Finke

President and CEO

Business Overview

Executive Team

Video

Building a Business & Broadband
Communications Company

Expanded fiber network includes
2,750 fiber route miles

• Expanded route to Sioux Falls and Fargo

• Expanded network capacity in Des Moines
  and backhaul to Minnesota

• Secured broadband stimulus grant
  Project will add 400 route miles

HickoryTech Fiber Network

Fiscal 2010 compared to fiscal 2009:

•Consolidated revenue +17%

oBusiness Sector revenue +34%

Fiber and Data revenue +43%

Equipment revenue +27%

oTelecom Sector revenue flat

Broadband revenue +11%
Surpassed 10,000 Digital TV subscribers

•Extended fiber network to the Dakotas,
built fiber network in Des Moines, upgraded backhaul to Minnesota

•Secured Broadband Stimulus Grant of $16.8 M

2010 Highlights

Revenue Diversification

Business & Broadband Growth

Business & Broadband Revenue

Fiber & Data Revenue Growth

Broadband Penetration of Access Lines

David Christensen,

Sr. Vice President and
Chief Financial Officer

Financial Overview

•2009 net income included a
$4.4 M income tax reserve release
(non recurring)

•2010 net income included a
$2.7 M income tax reserve release
(non recurring)

•Lower interest expense in 2010

•Strong wholesale transport sales,
equipment sales rebound, and a
unique fiber construction project
positively impacted income

2010 Financial Results

EBITDA

2010 compared to 2009

• Business Sector EBITDA
  grew 46%

• Telecom Sector EBITDA
  down 7%

• Net overall EBITDA increase

($ in Millions)

2010 Financial Results

2010 Company Results

EBITDA

($ in Millions)

Revenue

EBITDA

Fiber and Data Revenue

($ in Millions)

Operating Cash Flow (EBITDA minus Capex)

Business Sector Results

EBITDA

Operating Cash Flow

Telecom Sector Results

($ in Millions)

Telecom Operating Cash Flow Remains Strong

Telecom Sector Results

First Quarter 2011 Highlights

Q1-11 compared to Q1-10

• Consolidated revenue totaled $38.6 million

–Fiber and data revenue grew 13%

–Equipment support services revenue up 20%

–Broadband revenue grew 14%

–Surpassed 20,000 DSL subscribers

• Operating Income of $4.7 M, up 5%

• Pre-tax Income of $3.6 M, up 24%

• Net Income of $2.1 M, up 50%

• Net debt position improved $10 M

•Net debt was $108.9 M,
down $10 M from 12/31/10

•Lower intra-quarter
borrowing and interest rates
in 2011, 33% reduction in
interest expense

•New senior debt agreement
expected by Q3-11

Deleveraging the Balance Sheet

Maximum Debt/EBITDA ratio in debt covenant

•Reduced leverage by executing on growth plan and managing debt

•Achieved lower debt to EBITDA ratio reducing our interest rates

Debt/EBITDA ratio

HTCO - Nasdaq -S&P 500 -

Daily performance May 2010 to May 2011

Relative Stock Performance

$0.525

$9.72*

=

5.4% Yield

*Yield based on HTCO Stock Price of $9.72 on 5/16/11

Dividend Return

•Q1-2011 dividend declared of $0.135 per share

Dividend increased in Q4-10 to $0.135, +3.9%

•2010 annual dividends totaled $0.525 per share

•Dividend yield:5-6%

•More than 60 years of dividend payments

Business and Broadband Growth

Business Sector

•Focus on growth in fiber and data services

•Expand fiber network (broadband stimulus, last mile fiber builds)

•Focus on SMB, enterprise, & wholesale customer segments

•Grow monthly recurring revenue streams

Telecom Sector

•Grow broadband services, market bundle of services,
focus on customer retention

•Manage the network access decline

•Leverage local customer service and community presence

•Maintain strong free cash flow

Strategic Business Initiatives

Key Initiatives in 2011

Goal: to double the value of HickoryTech by 2014

Goal:to double shareholder value by the end of 2014 by growing EBITDA,
  driving growth in lines of business with higher value and management of our debt level.

Five-Year Growth Goal

Why invest in HickoryTech?

Diverse revenue streams / markets, emerging
growth through business revenue stream and fiber
network expansion

More than 60 years of dividend return, yield 5-6%

Experienced company with 113-year track record of
financial stability

Strong cash flow, strong balance sheet, solid track
record, high level of recurring revenue

Focused on doubling the value of HickoryTech by
2014 by growing EBITDA, strategic services,
managing debt

Questions

Focused on Business and
Broadband Growth

Reconciliation of Non-GAAP Measures

Reconciliation of Non-GAAP Measures

Reconciliation of Non-GAAP Measures