-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, K8OMYWS1TLZ9u+Eyy+f2VvJqjyxxtvv1jLrHQhEaPra06/9Eb7AeDWy77VL+ZgFE PvEvrS88mG4Vn9XIktNmPQ== 0000916641-00-000727.txt : 20000518 0000916641-00-000727.hdr.sgml : 20000518 ACCESSION NUMBER: 0000916641-00-000727 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000515 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000517 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CITY HOLDING CO CENTRAL INDEX KEY: 0000726854 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 550619957 STATE OF INCORPORATION: WV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-11733 FILM NUMBER: 638589 BUSINESS ADDRESS: STREET 1: 25 GATEWATER ROAD STREET 2: P O BOX 7520 CITY: CHARLESTON STATE: WV ZIP: 25313 BUSINESS PHONE: 3047691102 MAIL ADDRESS: STREET 1: 25 GATEWATER ROAD STREET 2: P O BOX 7520 CITY: CHARLESTON STATE: WV ZIP: 25313 8-K 1 FORM 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 15, 2000 CITY HOLDING COMPANY (Exact name of registrant as specified in its charter) West Virginia 0-17733 55-0619957 ------------- ------- ---------- (State or other jurisdiction of (Commission File No.) (IRS Employer incorporation or organization) Identification Number) 25 Gatewater Road Charleston, West Virginia, 25313 (Address of principal executive officers) (304) 769-1100 (Registrant's telephone number, including area code) Not applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events Attached hereto as Exhibit 99 is a news release issued on May 15, 2000, by City Holding Company ("the Company") announcing its second quarter 2000 dividend of eight cents per share payable on June 15, 2000 to shareholders of record as of June 1, 2000. The announced dividend represents a decrease of 60% from 1999 cash dividends on an annualized basis. The Company's Board of Directors determined to reduce the quarterly dividend in recognition of the expenses associated with the $6 million addition to the allowance for loan losses (reflected in the restatement of 1999 earnings), coupled with a decline in earnings in the first quarter experienced by the Company's various business segments. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (a) Financial Statements None (b) Pro Forma Financial Information None (c) Exhibits 99 News Release issued on May 15, 2000 Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CITY HOLDING COMPANY Date: May 17, 2000 By: /s/ Michael D. Dean ---------------------------------- Michael D. Dean Senior Vice President - Finance, Chief Accounting Officer and Duly Authorized Officer EX-99 2 PRESS RELEASE Exhibit 99 - -------------------------------------------------------------------------------- NEWS RELEASE For Immediate Release May 15, 2000 For Further Information Contact: Steven J. Day, President & CEO (304) 769-1101 CITY HOLDING COMPANY ANNOUNCES SECOND QUARTER 2000 DIVIDEND City Holding Company (NASDAQ:CHCO), a $2.8 billion bank holding company headquartered in Charleston, West Virginia, announced its second quarter dividend of 8 cents per share payable on June 15, 2000 to shareholders of record as of June 1, 2000. The dividend represents a decrease of 60% from 1999 cash dividends on an annualized basis. The Board of Directors has determined to reduce the quarterly dividend in recognition of the expenses associated with the $6 million addition to the allowance for loan losses (reflected in the restatement of 1999 earnings), coupled with a decline in earnings in the first quarter experienced by the Company's various business segments. Steven J. Day, President and CEO, stated that, "The Board of Directors has made this decision as a necessary measure to strengthen the financial position of City Holding Company. Both the Board and management continue to work to improve efficiencies in the Company's community banking segment and also to come to a final resolution concerning the sale of our Specialty Finance Division." City Holding Company is the parent company of City National Bank of West Virginia, Del Amo Savings Bank, FSB, Frontier State Bank, and City Financial Corporation. City National Bank, in addition to its banking divisions, operates: City Mortgage Services, a retail originator, wholesaler and servicer of mortgage loans; RMI, ltd., an insurance agency offering a full range of insurance products and services; Jarrett/Aim Communications, a printing and direct mail service provider; and CityNet, an internet service provider and web-site development firm. City Holding Company common stock is publicly traded "over-the-counter" on The NASDAQ Stock Market under the symbol "CHCO". -----END PRIVACY-ENHANCED MESSAGE-----