-----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, VkQTmJPKbBXzrKtgVumznbEN7lDqn/qcGk96mNjBZdw+TG7iKdokbZErRsb2GdQG pakuTcUbs34paqjuse4XBQ== 0000950152-05-009413.txt : 20051118 0000950152-05-009413.hdr.sgml : 20051118 20051118170410 ACCESSION NUMBER: 0000950152-05-009413 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051118 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051118 DATE AS OF CHANGE: 20051118 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WARWICK VALLEY TELEPHONE CO CENTRAL INDEX KEY: 0000104777 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 141160510 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-11174 FILM NUMBER: 051215878 BUSINESS ADDRESS: STREET 1: 47 49 MAIN ST CITY: WARWICK STATE: NY ZIP: 10990 BUSINESS PHONE: 9149861101 MAIL ADDRESS: STREET 1: 47 49 MAIN ST STREET 2: PO BOX 592 CITY: WARWICK STATE: NY ZIP: 10990 8-K 1 l17112ae8vk.htm WARWICK VALLEY TELEPHONE COMPANY 8-K Warwick Valley Telephone Company 8-K
 

 
 
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) November 18, 2005
WARWICK VALLEY TELEPHONE COMPANY
(Exact Name of Registrant as Specified in Charter)
         
NEW YORK   0-11174   14-1160510
         
(State or Other Jurisdiction   (Commission   (IRS employer
of Incorporation)   File Number)   Identification No.)
         
47 MAIN STREET, WARWICK, NEW YORK       10990
         
(Address of principal executive offices)       (Zip Code)
Registrant’s telephone number, including area code (845) 986-8080
 
 

(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:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   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
 
   
 
  At the Company’s 2005 Annual Meeting of Common Shareholders held on November 17, 2005, Herbert Gareiss, Jr., President, responding to a shareholder’s question, indicated that the Board of Directors is considering share buyback programs and dividend reinvestment plans. Such plans are under consideration, but there can be no assurances as to whether or when such programs or plans will be implemented, or as to what their terms might be if they were implemented.
 
   
Item 8.01.
  Other Events
 
   
 
  Matters Subject to a Vote of Securities Holders
 
   
 
  At the Company’s 2005 Annual Meeting of Common Shareholders held on November 17, 2005, Philip S. Demarest, Herbert Gareiss, Jr. and Corinna S. Lewis were elected for three-year terms in Class III and Joseph J. Morrow was elected as director to fill the remaining one-year portion of the unexpired term of M. Lynn Pike in Class I. The terms of Wisner H. Buckbee, Joseph E. Deluca, Fred M. Knipp, Rafael Collado and Robert J. DeValentino continued after the meeting.
 
   
 
  Matters voted on at the meeting and the results of each vote are as follows:
                         
    For     Against     Abstain  
 
                       
Proposal I:
                       
To fix the number of directors at nine until the next annual meeting:
    4,301,161       581,999       75,413  
 
                       
To elect three (3) Directors to Class III:
                       
Philip S. Demarest
    4,147,200       811,776          
Herbert Gareiss, Jr.
    4,190,040       768,936          
Corinna S. Lewis
    4,095,814       863,162          
 
                       
To elect one (1) Director to Class I:
                       
Joseph J. Morrow
    4,316,632       642,344          
 
                       
Proposal II:
                       
 
                       
To approve the selection of WithumSmith+Brown, P.C. as the Company’s independent accountants for the year ending December 31, 2005.
    4,453,590       386,566       118,819  
 
                       
Proposal III:
                       
 
                       
That the shareholders urge the Board of Directors to arrange for the prompt sale of Warwick Valley Telephone Company to the highest bidder.
    1,098,147       3,063,844       62,514  
     
    Other Information
     
    Election of Officers
     
    At its reorganizational meeting on November 17, 2005, the Board of Directors elected the following persons to the positions set forth opposite their names:
       
 
Wisner H. Buckbee
  Chairman of the Board
 
Fred M. Knipp
  Vice Chairman of the Board
 
Herbert Gareiss, Jr.
  President, Chief Executive Officer
 
Michael A. Cutler
  Vice President, Chief Financial Officer, Treasurer
 
Brenda A. Schadt
  Vice President
 
Zigmund C. Nowicki, Jr.
  Secretary
 
Dorinda M. Masker
  Assistant Secretary
In announcing the results of the Annual Meeting of Shareholders, the Company also issued a press release which is attached hereto as Exhibit 99.1.

 


 

Item 9.01. Financial Statements and Exhibits
     99.1 Press Release entitled “WVT Shareholders Vote “No Sale””, dated November 18, 2005.

 


 

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 hereunto duly authorized.
         
  WARWICK VALLEY TELEPHONE COMPANY
 
 
Dated: November 18, 2005  By:   /s/ Herbert Gareiss, Jr.    
    Name:   Herbert Gareiss, Jr.   
    Title:   President   

 


 

         
Exhibit Index
     
Exhibit No.   Description
 
   
99.1
  Press release entitled “WVT Shareholders Vote “No Sale””, dated November 18, 2005.

 

EX-99.1 2 l17112aexv99w1.htm EXHIBIT 99.1 PRESS RELEASE Exhibit 99.1
 

Exhibit 99.1
WVT Shareholders Vote “No Sale”
At WVT Communications’ (Warwick Valley Telephone) annual meeting at the Hall of Fame Museum, Goshen, NY on November 17, shareholders soundly voted down a shareholder’s proposal urging the board of directors to arrange for the prompt sale of the company.
Philip Demarest, Herbert Gareiss Jr., and Corinna Lewis were re-elected as directors. Joseph Morrow was elected to fill the remaining term of former director M. Lynn Pike, and WithumSmith+Brown was approved as WVT’s independent accounting firm for 2005.
WVT President and CEO Herbert Gareiss Jr. acknowledged the entire WVT staff, particularly Vice President Brenda Schadt who will retire next month after 43 years of service. He noted that WVT will continue to streamline its staff to meet industry challenges and that following Schadt’s departure he and CFO Michael Cutler will be the only executive officers of the company. Gareiss said that the company will realize long-term savings because of the freezing of management and non-management pensions. He also explained how WVT financial and personnel resources were consumed by Herculean efforts to meet Sarbanes-Oxley regulations — and that WVT is current on all SEC filings and NASDAQ requirements. Gareiss closed with, “Our plans are in place, our organization is engaged and our direction is clear. WVT’s strength lies in its dedicated and knowledgeable staff, its loyal customers and shareholders, and its ability to move quickly to capture and exit markets.”
Founded in 1902, WVT Communications (Warwick Valley Telephone, NASDAQ: WWVY) provides telecommunications, internet and digital television services in portions of Orange County, NY; Sussex and Passaic County, NJ.

 

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