-----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, GsUtRXbtbbO6o4M/2/amZXb/qZnU1LpRzKVw6rBPkns2yrSfvELBPfDO9kMeG5wZ helP6SWZmSy8dXAU79Ka8g== 0000032689-98-000010.txt : 19980427 0000032689-98-000010.hdr.sgml : 19980427 ACCESSION NUMBER: 0000032689-98-000010 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980423 ITEM INFORMATION: FILED AS OF DATE: 19980424 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: EMPIRE DISTRICT ELECTRIC CO CENTRAL INDEX KEY: 0000032689 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 440236370 STATE OF INCORPORATION: KS FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-03368 FILM NUMBER: 98599890 BUSINESS ADDRESS: STREET 1: 602 JOPLIN ST CITY: JOPLIN STATE: MO ZIP: 64801 BUSINESS PHONE: 4176255100 MAIL ADDRESS: STREET 1: P.O. BOX 127 CITY: JOPLIN STATE: MO ZIP: 64802 8-K 1 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): April 23, 1998 THE EMPIRE DISTRICT ELECTRIC COMPANY (Exact name of registrant as specified in charter) Kansas (State or other jurisdiction of incorporation) 1-3368 44-0236370 (Commission File Number) (IRS Employer Identification Number) 602 Joplin Street, Joplin, Missouri 64801 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (417) 625-5100 Not applicable (Former name or former address, if changed since last report) Item 5 Other Events Attached hereto as Exhibit 99 is a press release issued by the Company on April 23, 1998, announcing the Company's earnings for the first quarter of 1998 and for the twelve month period ended March 31, 1998. SIGNATURE 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. THE EMPIRE DISTRICT ELECTRIC COMPANY By Name: R. B. Fancher Title: Vice President - Finance Dated: April 23, 1998 Exhibit Index Exhibit Number Description 99 Press Release dated April 23, 1998, announcing the Company's earnings for the first quarter of 1998 and for the twelve month period ended March 31, 1998. EX-99 2 THE EMPIRE DISTRICT ELECTRIC COMPANY 602 JOPLIN STREET JOPLIN, MISSOURI 64802 417-625-5100 FAX: 417-625- 5169 www.empiredistrict.com PRESS RELEASE For Immediate Release Contact: MEDIA COMMUNICATIONS: INVESTOR RELATIONS: Amy Bas Janet S. Watson Director of Corporate Secretary - Treasurer Communications 417 625-5100, Ext. 223 417 625-5100, Ext. 302 THE EMPIRE DISTRICT ELECTRIC COMPANY DECLARATION OF DIVIDENDS AND EARNINGS REPORT STOCKHOLDERS MEETING, ELECTION OF OFFICERS JOPLIN, MO, April 23, 1998--(NYSE:EDE) At the annual meeting of stockholders of The Empire District Electric Company held today, V.E. Brill, R.C. Hartley and F.E. Jeffries were elected to three-year terms as Directors of the Company. At the Board of Directors meeting, the Directors declared a quarterly dividend of 32 cents per share on Common Stock payable June 15, 1998, to holders of record as of June 1, 1998. The Board also declared regular quarterly dividends payable June 1, 1998, on the 43/4%, 5%, and 8-1/8% cumulative Preferred Stock to holders of record as of May 15, 1998. The Company reported earnings of $1.29 per share of common stock for the twelve months ended March 31, 1998, on revenues of $219,394,000 and net income of $24,009,000. Earnings for the twelve months ended March 31, 1997, were $1.17 per share on revenues of $205,649,000 and net income of $21,527,000. Earnings for the first quarter of 1998 were $0.16 per share on revenues of $51,388,000 and net income of $3,340,000. Earnings for the same period in 1997 were $0.15 per share on revenues of $47,305,000 and net income of $3,125,000. Earnings for the first quarter of 1998 reflect rate increases granted by the Missouri Public Service Commission which went into effect on July 28, 1997 and September 19, 1997 and were also impacted by unusually mild weather and rescheduled planned maintenance. The Board of Directors also re-elected all officers of the Corporation to their current positions: Myron W. McKinney, President and Chief Executive Officer; Virgil E. Brill, Vice President-Energy Supply; Robert B. Fancher, Vice President-Finance and Principal Financial Officer; William L. Gipson, Vice President-Commercial Operations; Clifford A. (Tony) Stark, Vice President-General Services; Janet S. Watson, Secretary-Treasurer; David W. Gibson, Director of Financial Services and Assistant Secretary; and Gregory A. Knapp, Controller, Assistant Treasurer and Principal Accounting Officer.
THE EMPIRE DISTRICT ELECTRIC COMPANY FINANCIAL HIGHLIGHTS Quarter Ended March 31 Twelve Months Ended March 31 1998 1997 1998 1997 Operating Revenues $51,388,000 $47,305,000 $219,394,000 $205,649,000 Net Income $3,340,000 $3,125,000 $24,009,000 $21,527,000 Net Income Applicable to Common Stock $2,736,000 $2,521,000 $21,592,000 $19,111,000 Weighted Average Common Shares Outstanding 16,794,641 16,457,197 16,682,474 16,318,551 Basic and Diluted Earnings per Weighted Average Share of Common Stock $0.16 $0.15 $1.29 $1.17
Empire supplies electric service to a 10,000 square-mile area in southwest Missouri, southeast Kansas, northeast Oklahoma and northwest Arkansas. The Company also provides water service in three incorporated communities in Missouri.
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