-----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, QqD/9uLUwBmPH1rKi+dTz1HGfwN4kHy7gGvoKzT4DV+H6iP0hSttxHcqOvICXbgi JOJqRiBL6C5PWbcEC8+tOA== 0001000301-98-000005.txt : 19980225 0001000301-98-000005.hdr.sgml : 19980225 ACCESSION NUMBER: 0001000301-98-000005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980219 ITEM INFORMATION: FILED AS OF DATE: 19980224 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMBANC HOLDING CO INC CENTRAL INDEX KEY: 0001000301 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 141783770 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-27036 FILM NUMBER: 98547786 BUSINESS ADDRESS: STREET 1: 11 DIVISION ST CITY: AMSTERDAM STATE: NY ZIP: 12010 BUSINESS PHONE: 5188427200 MAIL ADDRESS: STREET 1: PO BOX 669 CITY: AMSTERDAM STATE: NY ZIP: 12010 8-K 1 STOCK REPURCHASE PROGRAM 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 February 19, 1998 AMBANC HOLDING CO., INC. - -------------------------------------------------------------------------------- (Exact name of Registrant as specified in its Charter) Delaware 0-27036 14-1783770 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission File No.) (IRS Employer of incorporation) Identification No.) 11 Division Street, Amsterdam, New York 12010-4303 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (518) 842-7200 -------------------- N/A - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events - -------------------- On February 19, 1998, the Registrant issued the press release attached hereto as Exhibit 99 announcing its intention to repurchase up to 5% of its outstanding common stock, or 215,320 shares. - ----------------------------------------- (c) Exhibits The Exhibits referred to in Item 5 of this Report and listed on the accompanying Exhibit Index are filed as part of this Report and are incorporated herein by reference. 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. AMBANC HOLDING CO., INC. Date: February 19, 1998 By: /s/Robert J. Brittain --------------------------- --------------------------------- Robert J. Brittain President & Chief Executive Officer Exhibit Number Description - ------- --------------------------------------------------- 99 Press release dated February 19, 1998 EX-99 2 STOCK REPURCHASE PROGRAM FOR IMMEDIATE RELEASE Contact: Robert J. Brittain, President & C.E.O. Telephone:(518) 842-7200 Fax:(518) 842-7500 Harold A. Baylor, Vice President & C.F.O. Telephone:(518) 842-7200 Fax:(518) 842-1688 AMBANC HOLDING CO., INC. ANNOUNCES STOCK REPURCHASE PROGRAM Amsterdam, N.Y., February 18, 1998 -- Robert J. Brittain, President and C.E.O. of Ambanc Holding Co., Inc. (NASDAQ: AHCI), today announced the Company's intention to repurchase up to 5% of its outstanding common stock, or 215,320 shares. The shares to be reacquired will be used, in part, to partially fund the 1997 Incentive Stock Option Plan, which was ratified at the Annual Meeting of Stockholders held on May 23, 1997, and for general corporate purposes. Mr. Brittain indicated that any shares reacquired will be purchased from time to time in the open market subject to the availability of shares and market conditions. The Company recently reported operating results for the three and twelve months ended December 31, 1997. For the fourth quarter of 1997 the Company reported net income of $800,000, or $0.21 per basic share, compared to a net loss of $4.6 million, or $(1.01) per share, in the 1996 period. For the year 1997, Ambanc recorded net income of $2.8 million, or $0.70 per basic share, compared to a net loss in 1996 of $3.8 million, or $(0.81) per share. Over the past three months, the Company's shares traded between $13.375 and $19.75. As of February 17, 1998, there were 4,306,418 shares of common stock outstanding. At December 31, 1997, the Company had $510.4 million in total assets and stockholders' equity of $61.2 million. -END- -----END PRIVACY-ENHANCED MESSAGE-----