-----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, SJxWLWJQRaQ8sZXCS9aziD1rjj7wH4TvZLQYWO7CIrHz3TbcOpT3FRexwEisL8V5 vgL4c29UwFp8yL9+ENfbXA== 0001000301-98-000020.txt : 19980708 0001000301-98-000020.hdr.sgml : 19980708 ACCESSION NUMBER: 0001000301-98-000020 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980703 ITEM INFORMATION: FILED AS OF DATE: 19980707 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: 98661186 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 FREEZE IN EXECUTIVE MANAGERS' COMPENSATION 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 July 3, 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 July 3, 1998, the Registrant issued the press release attached hereto as Exhibit 99 announcing freeze on executive managers' compensation. Item 7. Financial Statements and Exhibits - ----------------------------------------- (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: July 3, 1998 By: --------------------------- --------------------------------- Lauren T. Barnett President & Chief Executive Officer Exhibit Number Description - ------- --------------------------------------------------- 99 Press release dated July 3, 1998 announcing freeze on executive managers' compensation. EX-99 2 FREEZE ON EXECUTIVE MANAGERS' COMPENSATION FOR IMMEDIATE RELEASE Contact: Marvin R. LeRoy, Jr., Director Tel:(518) 438-2217 Harold A. Baylor, Jr., Vice Pres., CFO, and Treas. Tel:(518) 842-7200 Fax:(518) 842-1688 Ambanc Holding Co., Inc. Announces Freeze on Executive Managers' Compensation Amsterdam, N.Y. (July 3, 1998) Ambanc Holding Co., Inc. (NASDAQ: AHCI), recently announced that the compensation of its board members would be frozen at their current levels. The Company's board of directors has also frozen the compensation of executive managers of the Company's bank subsidiary, Amsterdam Savings Bank, FSB. The freeze on the compensation of the Bank's executive managers, like the freeze on the compensation of the Company's directors, will remain in effect until the Company shows improvement in its consolidated operating results. The changes are expected to be put into effect during the fourth quarter of 1998. - END - -----END PRIVACY-ENHANCED MESSAGE-----