-----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, F96BPsgT5TIHgrWMhsG/kI+ezJUdxrTsjJDrG54V+/M9MbeW58tINBfVuq90rOYu 6bTwMuN6V/6l3Oer0R/PdQ== 0000108985-09-000072.txt : 20090807 0000108985-09-000072.hdr.sgml : 20090807 20090807143530 ACCESSION NUMBER: 0000108985-09-000072 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090807 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090807 DATE AS OF CHANGE: 20090807 FILER: COMPANY DATA: COMPANY CONFORMED NAME: YORK WATER CO CENTRAL INDEX KEY: 0000108985 STANDARD INDUSTRIAL CLASSIFICATION: WATER SUPPLY [4941] IRS NUMBER: 231242500 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34245 FILM NUMBER: 09994969 BUSINESS ADDRESS: STREET 1: 130 E MARKET ST CITY: YORK STATE: PA ZIP: 17405 BUSINESS PHONE: 7178453601 MAIL ADDRESS: STREET 1: PO BOX 15089 8-K 1 form8k090709.htm THE YORK WATER COMPANY 8K 08-07-09 form8k090709.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: August 7, 2009
(Date of earliest event reported)

YWC logo

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 2.02
Results of Operations and Financial Condition.

On August 7, 2009, The York Water Company issued a press release announcing its financial results for the second quarter and the first six months of 2009.  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.

(c) Exhibits


 
 

 

 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: August 7, 2009
By:
/s/Kathleen M. Miller   
   
Kathleen M. Miller
 
   
Chief Financial Officer
 
       


EX-99.1 2 exhibit991-080709.htm YWC PRESS RELEASE 08-07-09 exhibit991-080709.htm

EXHIBIT 99.1 


News Release
 
 
The York Water Company
   
130 East Market Street
Contact:
Jeffrey R. Hines, President
York, PA  17401
Or
Kathleen M. Miller, Chief Financial Officer
 
 
ywc logo
 
 
 
   
Phone:
717-845-3601
FOR IMMEDIATE RELEASE
     

THE YORK WATER COMPANY ANNOUNCES SECOND QUARTER AND SIX MONTH EARNINGS
 
York, Pennsylvania, August 7, 2009:  The York Water Company's (NASDAQ:YORW) President, Jeffrey R. Hines, announced today the Company's financial results for the second quarter and the first six months of 2009.

President Hines reported that second quarter net income of $1,913,000 increased 25.9% compared to the second quarter of 2008, earnings per share for the three-month period increased to $0.17 from $0.13 and operating revenues of $9,210,000 increased 17.1% over the second quarter of 2008.

President Hines also reported that first six months' net income of $3,410,000 increased 25.1% compared to the first six months of 2008, earnings per share for the six-month period increased to $0.30 from $0.24 and operating revenues of $17,984,000 increased 17.0% compared to the first six months of 2008. The primary contributing factor to the increase in net income was higher water revenues due to growth in the customer base, and a rate increase granted by the Pennsylvania Public Utility Commission effective October 9, 2008. In addition, cost savings were realized by managing expenses and delaying some large expense and capital projects in response to economic uncertainties. The increased revenues and cost savings were partially offset by higher depreciation, pension cost, salary and wage expense, and interest expense.

During the first six months of 2009, the Company invested $6.4 million in construction projects.  The construction expenditures were for routine distribution system improvements as well as an additional standpipe and booster station and various replacements of aging infrastructure.  In addition to construction projects, the Company invested over $2.1 million for the acquisition of the water system of West Manheim Township in York County, Pennsylvania.

The Company plans to continue to invest in infrastructure at a rate necessary to ensure a safe, adequate and reliable supply of drinking water for our growing customer base.
 
 
Period Ended June 30
 
In 000's (except per share)
 
Quarter
Six Months
 
2009
2008
2009
2008
Operating Revenues
$ 9,210
$ 7,862
$ 17,984
$ 15,368
Net Income
$ 1,913
$ 1,520
$   3,410
$   2,726
Average Number of Common Shares Outstanding
11,411
11,282
11,393
11,276
Basic Earnings Per Common Share
$   0.17
$   0.13
$     0.30
$     0.24
Dividends Paid Per Common Share
$ 0.126
$ 0.121
$   0.252
$   0.242

 
This news release may contain forward-looking statements regarding the Company’s operational and financial expectations. These statements are based on currently available information and are subject to risks, uncertainties, and other events which could cause the Company’s actual results to be materially different from the results described in this statement. The Company undertakes no duty to update any forward-looking statement.
 
###

GRAPHIC 3 ywclogowebsmall.jpg YWC LOGO begin 644 ywclogowebsmall.jpg M_]C_X``02D9)1@`!`0$`2`!(``#_X0",17AI9@``24DJ``@````#`#$!`@`4 M````,@```#(!`@`4````1@```&F'!``!````6@````````!!9&]B92!0:&]T M;W-H;W`@-RXP`#(P,#8Z,#DZ,#@@,#@Z,3`",`*``M`#(`-P`[`$`` M10!*`$\`5`!9`%X`8P!H`&T`<@!W`'P`@0"&`(L`D`"5`)H`GP"D`*D`K@"R M`+<`O`#!`,8`RP#0`-4`VP#@`.4`ZP#P`/8`^P$!`0&!YD' MK`>_!]('Y0?X"`L('P@R"$8(6@AN"(((E@BJ"+X(T@CG"/L)$`DE"3H)3PED M"7D)CPFD";H)SPGE"?L*$0HG"CT*5`IJ"H$*F`JN"L4*W`KS"PL+(@LY"U$+ M:0N`"Y@+L`O("^$+^0P2#"H,0PQ<#'4,C@RG#,`,V0SS#0T-)@U`#5H-=`V. M#:D-PPW>#?@.$PXN#DD.9`Y_#IL.M@[2#NX/"0\E#T$/7@]Z#Y8/LP_/#^P0 M"1`F$$,081!^$)L0N1#7$/41$Q$Q$4\1;1&,$:H1R1'H$@<2)A)%$F02A!*C M$L,2XQ,#$R,30Q-C$X,3I!/%$^44!A0G%$D4:A2+%*T4SA3P%1(5-!56%7@5 MFQ6]%>`6`Q8F%DD6;!:/%K(6UA;Z%QT701=E%XD7KA?2%_<8&QA`&&48BABO M&-48^AD@&449:QF1&;<9W1H$&BH:41IW&IX:Q1KL&Q0;.QMC&XH;LAO:'`(< M*AQ2''LP>%AY`'FH>E!Z^'ND?$Q\^'VD?E!^_ M'^H@%2!!(&P@F"#$(/`A'"%((74AH2'.(?LB)R)5(H(BKR+=(PHC."-F(Y0C MPB/P)!\D321\)*LDVB4))3@E:"67)<`^(#Y@/J`^X#\A/V$_HC_B0"-`9$"F0.=! M*4%J0:Q![D(P0G)"M4+W0SI#?4/`1`-$1T2*1,Y%$D5519I%WD8B1F=&JT;P M1S5'>T?`2`5(2TB12-=)'4EC2:E)\$HW2GU*Q$L,2U-+FDOB3"I,%W)7AI>;%Z]7P]?85^S8`5@5V"J8/QA3V&B M8?5B26*<8O!C0V.78^MD0&249.EE/6629>=F/6:29NAG/6>39^EH/VB6:.QI M0VF::?%J2&J?:O=K3VNG:_]L5VRO;0AM8&VY;A)N:V[$;QYO>&_1<"MPAG#@ M<3IQE7'P,QY M*GF)>>=Z1GJE>P1[8WO"?"%\@7SA?4%]H7X!?F)^PG\C?X1_Y8!'@*B!"H%K M@%JX8.AG*&UX<[AY^(!(AIB,Z),XF9B?Z* M9(K*BS"+EHO\C&.,RHTQC9B-_XYFCLZ/-H^>D`:0;I#6D3^1J)(1DGJ2XY-- MD[:4()2*E/257Y7)EC26GY<*EW67X)A,F+B9))F0F?R::)K5FT*;KYP0)ZNGQV?BY_ZH&F@V*%'H;:B)J*6HP:C=J/FI%:DQZ4XI:FF&J:+ MIOVG;J?@J%*HQ*DWJ:FJ'*J/JP*K=:OIK%RLT*U$K;BN+:ZAKQ:OB[``L'6P MZK%@L=:R2[+"LSBSKK0EM)RU$[6*M@&V>;;PMVBWX+A9N-&Y2KG"NCNZM;LN MNZ>\(;R;O16]C[X*OH2^_[]ZO_7`<,#LP6?!X\)?PMO#6,/4Q%'$SL5+QHM\IWZ_@-N"]X43AS.)3XMOC8^/KY'/D_.6$Y@WFENV<[BCNM.]`[\SP6/#E\7+Q__*,\QGSI_0T],+U M4/7>]FWV^_>*^!GXJ/DX^'EZ@X2%AH>(B8J2DY25EI>8F9JBHZ2E MIJ>HJ:JRL[2UMK>XN;K"P\3%QL?(R;GZ.GJ\?+S M]/7V]_CY^O_$`!\!``,!`0$!`0$!`0$````````!`@,$!08'"`D*"__$`+41 M``(!`@0$`P0'!00$``$"=P`!`@,1!`4A,08205$'87$3(C*!"!1"D:&QP0DC M,U+P%6)RT0H6)#3A)?$7&!D:)BH*#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*S MM+6VM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_: M``P#`0`"$0,1`#\`_?RBBB@`HHHH`****`"N=^&_Q:\-_%ZQU.Y\,ZQ9:S!H MVI7&CWKVS[A;W<#;98C[J<>Q!!&0:^(O^"P?_!7#3?V9O">I_#GX?:G#>_$K M4HFM[RZMW#IX9B889F(X^TD'Y4ZIG94RWJ&'0J<$$$ M$`BM^@^_A.,XJ<'=/9H****"@HHHH`****`"BBB@`HHHH`*R/'O@V#XA^#=2 MT.ZNM3LK;5(&MY)].O)+.ZB5NICEC(=&]U(-:]?G=_P6"\?_`+5?B/3=1\)_ M#3X?:M8>`)HVCO==T2\CN]2U2(CYEV(1);18R"`I9AG+`$@AY&>9G#`X25>= M.53IRQ3;?K;9=V]/R/S8_P""E7PH^#?P4^/]WX<^$?B/Q+XH6Q>0:W=ZA=17 M5M%<[N8H9E56E93NWLV1DX!)!KP2;2)=#U&S75;.^MH9TBN=A3RI9K=P&#Q[ MA@AEY5L$'(/(KUO]@S]DR?\`:Z_:;TCPC(_@1X?UKQ`()$MM8M$C#:5=J>5 MBNBS*B\9*MN#+R5/6OUL_;U\0_$+QE^P%87^O>&==\*&?6M);XA:1X=OVO\` M4(/#XO(_[26WEML2.I@R7\K]YY/F@E35^//_!&SP]X@T3]JSP4/#VI MV&H7#V#R>-QX7\J7P]%H[:/&UN+J:`+"=1.JL%2(KYL20W6&:)\U^PU,^^"B MBB@`HHHH`****`"BBH[JV6\M9(7+A95*$HY1@",<,,$'W!R*`/)OVJ_VZ/AA M^QCX;-_X\\36MA?-_JB?\`3S,O13_SR3Y>S%Z]4_X*W_LM_LM?`;6= M7O(?&OCN\^*-^6D_L2SU==7*RGHUW)#-FKZX67,=QM;]Q:G_KK(.1_<22D?A'%N>YUC\QCD>'E&"F[6A+ MF?GS2LFK+5JRTWN?8/[/'["VH?LT_P#!$SXP:_-X5T;Q%\0_BEX2N;A]'UJX M%I:R6CPE;:RGD,L/EHRR%Y/WL9S)@L"HKXI_X)%7_P`5OV3?BEX^\2WW[)?P M8@\&?\(G-'XPM_!GBG[;K5UHWVB#[5]GM?[2O!'_"TT.N>(;/2)1X;9^(=%N1YMOYB'Y9DVG:V1]Y"1@X-?I9^PM_P7N^'WQ_ALM!^)0M?A MWXODQ$+F60_V/?OTRDS/1S7(_\%"_^"=T7Q*_8(N='\/V+-XM_9_O MKU=(B4`R76AM(9X[9<HZ)%%(L#D\^>&5F$9'\2*Q'<8Y"/Q+%U\RX6SIX3!37L*KYHQF_< ML]U?[+3TOVLV?TRZ2;.6Q2:Q-LUM=?OTD@VF.7=SO!'!SUSWJS7B?["?[.GP MU_9[^#-M!\*];U+7_"VJ!;B"[GUZ35()1CK'EC%'UY$:KSU&17ME,_=L)5J5 M*,:E5)-K9/F7R=E?[@HHHH.D****`"BBB@#R[]K']I=_V6OAI)XAC\#^-O'3 M+N`M/#EA]JDBP,[I3D;$_P!H!OI7XU_MC_\`!=/XR_M!2WNA:$P^%N@N6BDM M--=O[4D7D%9;E@'4X/(C5/?-?O+7!_%;]EWX;_'-&'C'P+X4\2._66_TR&:8 M?20KN'X&DSX_BC(LTS&')@L7[*/6-M_^WE[WRV/Y@$6XUC4<*)[N\O)<=Y)9 MY&/YLQ)^I)K]L_`GBOP;_P`&^/\`P2VM?'7Q#T/7M4N[Z^M9_%`T2WBFNTO+ MLA(X_P!XZ+Y<(VQ_>^]N('S&O0OB;_P3'^&WP3\4>'/&7PH_9^\+^*?%>D:F MEVD-UXLN-%MK,H"R3`,DZ2,'"X3RP.^>,'FOV\O@M\8/^"BW[,>N_";Q_P#L M_:+;^&/$$MM-<3:3\6HH+R)[>=)XRCOI3J/GC`.5.02*$>%P/P%4R;$5,7C) M1G-JT;7T75ZI:O;TOW/D'_@HW_P65^&W_!4__@@U^TUJGPVT'Q?H-AX4ET/2 M[O\`MRT@M_/DNM2@<"+RI9`<",ELX^\.N:_.3_@T7UC^S/\`@LSX<@SC^T?# M.L6_UQ;B3_VG7Z>^`/\`@AMJWPT_88^('[/NE_!+5E\%_$G6;/6]7O)?C+:- MJ:S6K1-$D<@T4((\PC(*$_,W/3%3]@3_`((0:M_P3C_:>T3XM>`_@SK=]XET M&"ZM[>#6/C+9S6;K<0/`^]8]$1CA9"1AAR`>>E,_33]C?L4/GR2^3%YLRA)' MV#Y]:_GR_P""PW[$9_8S_:ROQI5H8/!?C3?J^AE5Q';Y;]_: MC_KDYX']QXZ_8C_A?'[2?_1O/@O_`,.DO_RMKC?BU\*_'/[;5WX<\-_&3]FW MP<_A2SU);E[Z#XEO/<:;E2C2)''91-)\IY3S%#8'<"@^/XTX76=X'V,&E4B[ MQ;V\T[7=FOQ2/Q+_`&9?VTOB7^QWXA.H^`?%=]HL@^(?A#XJ?4'98I=>\,VCW>D(3@;YMY!@' MK\[U]#_#O_@F%^S]\++N.XT?X3>#UN(CE);RT^W.I]09RYKW#2M)M="L(K2R MMK>SM81MCA@C$<<8]`HP`*5CP>%.#8_M.?!WQG\:-(T"Q\(_$2]^'<5EJ:W6JSV5D)[G4K8*R-;(Y=?*R& M+;P&(94.,`@^`?M(^"-:3]OJ5+7QC\4[;0;GX8:[XHETRRU^\32O[2M;C3[> MW"Q*=@S%+.?*!PY);:2,U]FT4`?F;\+O^"C'Q;^`?[!UI'XBL-/U/Q7X?T;P MI9Z+J4NAW]PNIM?>'OMWE7HEN%;SQ+`T3SF4!GE4"/S66-OI']B[]IWQO\>? MVC/&$/B*ZTVQ\,W/@GPKXDT'0QITD-S9O?6TLEXPG8@S(LP$9RN5*J/E.=WU M#10!^=]O_P`%9/B+J?Q#^,^FV.G^!KE?AO=R:[L=OB%=-?4'"SF2\ MLK:R87<[Q0Q!7)BW#&^K?C?_`(*E?%'PY\/QJ%MX>\-%+:W\4SZ7K4NE7SV' MQ!FTJ[MX;"QT^))-\,VH)+(R,S3#,#&-94Y'V#\,_P!E'P%\(/'-UXC\/Z&; M/5;A;N.-WO)YX[%+NY^U726T]O-=B@\+ZGJVDWS#2I7=9M,M)KR[Q&H,F!%!(5RH,GR[`P=20#PZP_:M\ M=?&7_@IQ\//#.I*?"FE^&/%.NV$GAF*WO%OKBT3P[YL-_>S!OL\D$LT[")=F M`T2[69PX4_:P^(_QC_9\_:?^(,7AO5/$?C'PAI_A*7XM:;HB"=KHWUH!8MH: MS(I)T^61XKUHES*6AEC4;),5[]X4_P""B_PV^)/B.QTOP=/K?C>XORTJOH.G M/>Q1VJFV4WC.IQY&ZZB7(RV1)\O[M]MOPA^WY\/O&GP#\._$JUDUU/"WBK6+ M70]-E.F22237%S& MM&M_!.LZ7JOQ`N?#TWC"+1[Y-,UC2;?1%U.6XM(O./ERB8R6>]Y'B\R,D9.4 M#/\`@C5^T9XJ^+/PPUCPMXNM]5TN]\&2.EI!KD-T^K:S;2W=TRZF;F0^7);. M088XU!>,VS^81N11Z#I'_!67X(ZQH=UJ:^(=4@TRQN-9M[F\GT:ZCM[\?#GQ_IGQ4\!:/XDT:<7&EZY:1WEK(&5LHZ@C M.TD9&<$`G!!%`'QIX'_X*(?'#7_VK+?X7W_PFMK6!M?N_#$GB5;6Z&G_`&JT MNENYIP"W%N^A20RQN6^:\=HN0I%<-H?_``5)^)_QIT#5;G0O['\,Z?H?Q"\) M6AU6\\.7""31-1NY(;N&X@>9S"\31;'D+HRA\-'"W3]'J*`/SXT;_@IK\"M)U+0=8M]'TO3K];J>\TB:7Q+%I*?;[>*3S'C:SE%V''DYVG: M'C(D'U?:_`CQ?J'[1NC>.]5^)&LC2-+T9;&7PGIT9MM(N[O8ZM=2*69FR9I" M%)XV0^_8;^%.J:IJ=]=>#K*[OM8N;B\ MO+F>XGEFFDGMY+:3YV6]_::;)=3S16TUO<1W$!0N[,!'-%&ZJ#M!0#&.***`.?TC]@'X M.:%X3ET*U\!:/'I$TMY,]J6E9"UW:K:3]7.`UNJQ`#A$50H4`5Z+\-?AKH7P M>\"Z;X:\-:;!I.AZ1%Y5I:Q%BL2EBQY8EF8L68LQ)8L2222:**`-RBBB@`HH )HH`****`/__9 ` end
-----END PRIVACY-ENHANCED MESSAGE-----