-----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, JTe+hovx/0X6wHeaStOxCMA0yu6TdaMkm/N18kv/vc1cGU1w22qjTMJZhhgSKQdo x6oF3hHXw4pTzOPIuuixCw== 0000909654-03-000037.txt : 20030121 0000909654-03-000037.hdr.sgml : 20030120 20030121171632 ACCESSION NUMBER: 0000909654-03-000037 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030116 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GRAND CENTRAL FINANCIAL CORP CENTRAL INDEX KEY: 0001070680 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 341877137 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25045 FILM NUMBER: 03519927 BUSINESS ADDRESS: STREET 1: C/O CENTRAL FEDERAL SAVINGS AND LOAN STREET 2: ASSOCIATION OF WELLSVILLE 601 MAIN ST CITY: WELLSVILLE STATE: OH ZIP: 43968 BUSINESS PHONE: 3305321517 MAIL ADDRESS: STREET 1: C/O CENTRAL FEDERAL SAVINGS & LOAN STREET 2: WELLSVILLE /601 MAIN ST CITY: WELLSVILLE STATE: OH ZIP: 43968 8-K 1 grandcentral8k.txt 1 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) January 16, 2003 GRAND CENTRAL FINANCIAL CORP. ----------------------------- (Exact name of registrant as specified in its charter) Delaware 0-25045 34-1877137 -------- --------- ---------- (State or other Jurisdiction of (Commission (IRS Employer incorporation or organization) File Number) Identification No.) 601 Main Street, P.O. Box 345, Wellsville, Ohio 43968 ----------------------------------------------------- (Address of principal executive offices) (330) 532-1517 (Registrant's ---------------------------- telephone number, including area code) Not Applicable -------------- (Former name or former address, if changed since last report) 2 ITEM 5. OTHER EVENTS. ------------ On January 16, 2003, the Board of Directors of Grand Central Financial Corp. (the "Company") appointed David C. Vernon to the Board of Directors as Chairman. Mr. Gerry W. Grace is retiring as Chairman of the Board of Directors and will remain on the Board. A press release announcing the Company's appointment of Mr. Vernon is attached as Exhibit 99. ITEM 7. FINANCIAL STATEMENTS AND OTHER EXHIBITS. --------------------------------------- Exhibit 99 Press Release dated January 17, 2003. 2 3 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. Dated: January 21, 2003 By: /s/ William R. Williams ------------------------------------- William R. Williams President and Chief Executive Officer EX-99 3 grandcentral8kexh991.txt 1 Exhibit 99 PRESS RELEASE FOR IMMEDIATE RELEASE Date: January 17, 2003 Company: Grand Central Financial Corp. and Central Federal Savings and Loan 601 Main Street, Wellsville, Ohio 43968 Contact: William R. Williams Phone: 330-532-1517 Fax: 330-532-3875 Grand Central Financial Corp. and Central Federal Savings and Loan, Wellsville, Ohio have appointed David C. Vernon to each of their respective Boards as Chairman. Mr. Vernon is a resident of Akron, Ohio and is Chairman and CEO of Founders Capital Corporation. Prior to forming Founders Mr. Vernon, in 1991, organized and was Chairman, President and CEO of Summit Bancorp and Summit Bank Akron, Ohio. Summit Bancorp was acquired by Signal Corp., Wooster Ohio in 1997 and Signal was acquired by FirstMerit Corporation, Akron, Ohio in 1999. Mr. Gerry W. Grace is retiring as Chairman and will remain on the board. "We are evaluating expansion into other markets and are seeking to diversify the financial services offered by our company. Mr. Vernon will be of great assistance with this effort," said Mr. Grace. William R. Williams, President and CEO added that "Mr. Vernon brings a wealth of experience to our organization and we look forward to working with him as we seek to expand and improve our company." Grand Central Financial Corp. (Nasdaq: GCFC) was organized as a Delaware corporation in September 1998 as the holding company for Central Federal Savings and Loan in connection with its conversion from a mutual to stock form of organization. Central Federal Savings and Loan is a community-oriented savings institution which was originally organized in 1892. -----END PRIVACY-ENHANCED MESSAGE-----