form8k112508.htm

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: December 15, 2008

(Date of earliest event reported)

THE YORK WATER COMPANY

(Exact name of registrant as specified in its charter)

PENNSYLVANIA	0-690		23-1242500
(State or other jurisdiction	(Commission		(I.R.S. Employer
of incorporation)	File Number)		Identification No.)

130 EAST MARKET STREET YORK, PENNSYLVANIA		17401
(Address of principal executive offices)		(Zip Code)

(717) 845-3601

(Registrant's telephone number, including area code)

Not Applicable

(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:
¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

THE YORK WATER COMPANY

Item 8.01

Other Events

On December 15, 2008, The York Water Company issued a press release announcing that its Board of Directors approved the adoption of a new Shareholder Rights Plan to become effective upon the expiration of its existing Shareholder Rights Plan. The press release is being furnished with this Current Report on Form 8-K Exhibit 99.1 and is hereby incorporated herein by reference. This report (including the exhibit) shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference in any filing made by the Registrant pursuant to the Securities Act of 1933, as amended, other than to the extent that such filing incorporates by reference any or all of such information by express reference thereto.

Item 9.01

Financial Statements and Exhibits.

99.1 Press Release, December 15, 2008, issued by the York Water Company

THE YORK WATER COMPANY

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.

	THE YORK WATER COMPANY

Date: December 15, 2008	By:	/s/Kathleen M. Miller
		Kathleen M. Miller
		Chief Financial Officer

News Release
		The York Water Company
		130 East Market Street
		York, PA 17401
Contact:	Jeffrey R. Hines, President
or	Kathleen M. Miller, Chief Financial Officer

Phone:	717-845-3601	FOR IMMEDIATE RELEASE

THE YORK WATER COMPANY ANNOUNCES APPROVAL OF NEW SHAREHOLDER RIGHTS PLAN TO REPLACE EXISTING PLAN

York, Pennsylvania, December 15, 2008: The York Water Company (NASDAQ:YORW) announced today that its Board of Directors approved the adoption of a new Shareholder Rights Plan to become effective upon the expiration of its existing Shareholder Rights Plan. The existing plan was originally adopted in 1999 and is set to expire on January 24, 2009.

Jeffrey R. Hines, President and Chief Executive Officer of York Water, stated "The Board believes that the Shareholders Rights Plan continues to protect shareholder interests. The Plan, which is similar to the existing plan, is designed to ensure that shareholders will receive fair treatment and realize the full value of their investment in the Company in the event of any coercive takeover. The Plan is intended to provide the Board with sufficient time to consider any and all alternatives to such an action.”

The adoption of the Plan and the related distribution of rights are subject to Pennsylvania Public Utility Commission approval. In addition, the Board may cancel the distribution of rights and adoption of the Plan for any reason prior to the distribution on January 24, 2009. The Board is not adopting the Plan in response to any specific effort to acquire control of the Company, nor is the Board aware of any accumulation of the Company's stock by any potential acquirer.

Details of the Rights Plan will be made available to all shareholders of the Company. Additional information concerning the Rights Plan, including a copy of the Rights Agreement, will be filed as part of a Form 8-K with the Securities and Exchange Commission and will be accessible via the EDGAR database at http://www.sec.gov.

The York Water Company was founded in 1816 and is the oldest investor-owned utility in the nation. The business of the Company is to impound, purify and distribute water. The Company, which is regulated by the Pennsylvania Public Utility Commission, operates entirely within its franchised territory, which covers portions of York and Adams Counties, Pennsylvania.

Forward-Looking Statements

This release contains forward-looking statements that are subject to various risks and uncertainties. A discussion of factors that may cause actual results to differ from management's projections, forecasts, estimates and expectations is available in the Company filings with the SEC. Those factors may include changes in general economic conditions, increases in costs, changes in regulation and other factors. The Company undertakes no obligation to update forward looking statements to reflect changes occurring after the date hereof.