-----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, GaLcbH+oyaJVDKsN5Ir258K9eDg6TA0UIEX28LVTi+AWseNs0QWQSePPo7Vg+Bef mEisqeh9ODf078gxwSWzdw== 0000950152-06-009152.txt : 20061109 0000950152-06-009152.hdr.sgml : 20061109 20061109170848 ACCESSION NUMBER: 0000950152-06-009152 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061109 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20061109 DATE AS OF CHANGE: 20061109 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: 061203530 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 l23193ae8vk.htm WARWICK VALLEY TELEPHONE COMPANY 8-K Warwick Valley Telephone Company 8-K
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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): November 9, 2006
Warwick Valley Telephone Company
(Exact name of registrant as specified in its charter)
     
0-11174   14-1160510
(Commission File No.)   (I.R.S. Employer Identification No.)
New York
(State or other jurisdiction of incorporation or organization)
47 Main Street
Warwick, New York 10990
(845) 986-8080
(Address, including zip code, and telephone number,
including area code, of Registrant’s principal executive offices)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the obligation of the registrant under any of the following provisions:
o   Written communication 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))
 
 

 

TABLE OF CONTENTS

Item 8.01. Other Events
Item 9.01. Financial Statements and Exhibits
SIGNATURES
Exhibit Index
EX-99.1

Table of Contents

Item 8.01. Other Events
Warwick Valley Telephone Company (the “Company”) issued a press release today regarding the conclusion of its strategic options review process. A copy of that press release is found in Exhibit 99.1 hereto, which is incorporated in this Item 8.01 by reference.
Item 9.01. Financial Statements and Exhibits
99.1. Press release entitled, “Warwick Valley Telephone Concludes Review of Strategic Options,” dated November 9, 2006.

 

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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
(Registrant)
 		  
Date: November 9, 2006  By:   /s/ Herbert Gareiss, Jr.    
    Name:   Herbert Gareiss, Jr.   
    Title:   President   
 

 

Table of Contents

Exhibit Index
     
Exhibit No.   Description
99.1
  Press release entitled “Warwick Valley Telephone Concludes Review of Strategic Options,” dated November 9, 2006.

 

EX-99.1 2 l23193aexv99w1.htm EX-99.1 EX-99.1
 

Exhibit 99.1
Warwick Valley Telephone Concludes Review of Strategic Options
(Warwick, NY, November 9, 2006) Warwick Valley Telephone Company (Nasdaq: WWVY) (the “Company”) announces that it has completed an extensive review of its strategic options with the assistance of its financial advisor, Stifel, Nicolaus & Company, Incorporated. The review included an analysis of alternatives including acquisitions, the sale of all or parts of the Company’s businesses and the continued improvement of the Company’s operations. As a result, the Company has decided, at this time, to concentrate on its ongoing efforts to strengthen its marketing and sales capacities, to continue developing its technological capabilities and to sustain its cost cutting efforts. The Company believes it has made significant progress in controlling its costs as it proceeds with the automation of its accounting and operating systems, by conducting staff downsizing and by migrating to next generation switching platforms. Mr. Wisner H. Buckbee, Chairman of the Board of Directors, commented, “We look forward to working with the Company’s management team and employees to provide significant value and innovative services that the marketplace demands.”
The Company will continue to monitor its performance, its competition and the market and may, at any time, decide to consider making an acquisition or selling all or part of its businesses. There can be no assurances that any of these efforts will result in actions being taken.
At the same time the Board of Directors decided to declare a special dividend of $1.00 per share in addition to its normal fourth quarter regular dividend of $0.20 per share to common shareholders of record on December 20, 2006 payable on December 31, 2006.
     
Contact:
  Warwick Valley Telephone Co.
 
  Herbert Gareiss, Jr.
 
  President & CEO
 
  (845) 986-8080

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