-----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, RIH072UOiwEy3IyFIRqXJj3PatDqYUbboBfea/CgzX/lf+XzoRtYDi7lV5f15R8V Dt7gxGdw+o5ihY4cersUng== 0000928385-02-000597.txt : 20020414 0000928385-02-000597.hdr.sgml : 20020414 ACCESSION NUMBER: 0000928385-02-000597 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020228 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNITED BANKSHARES INC/WV CENTRAL INDEX KEY: 0000729986 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 550641179 STATE OF INCORPORATION: WV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 002-86947 FILM NUMBER: 02562178 BUSINESS ADDRESS: STREET 1: 300 UNITED CTR STREET 2: 500 VIRGINIA ST E CITY: CHARLESTON STATE: WV ZIP: 25301 BUSINESS PHONE: 3044248761 MAIL ADDRESS: STREET 1: 300 UNITED CT STREET 2: 500 VIRGINIA SUITE CITY: CHARLESTON STATE: WV ZIP: 25301 8-K 1 d8k.txt CURRENT REPORT 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): February 28, 2002 ----------------- United Bankshares, Inc. ----------------------- (Exact name of registrant as specified in its charter) West Virginia No. 0-13322 55-0641179 - ------------------------------- ------------------------ ------------------- (State or other jurisdiction of (Commission File Number) (I.R.S. Employer incorporation or organization) Identification No.) 300 United Center 500 Virginia Street, East Charleston, West Virginia 25301 ------------------------------- (Address of Principal Executive Offices) (304) 424-8800 -------------- (Registrant's telephone number, including area code) Not Applicable -------------- (Former name or address, if changed since last report) Item 5. Other Events - --------------------- On February 28, 2002 United Bankshares, Inc. ("United") announced a plan to repurchase up to 1.72 million shares of its common stock on the open market. The plan represents 4% of the issued and outstanding shares of United. A copy of the press release is attached as Exhibit 99.1 to this report. Item 7. Financial Statements and Exhibits - ------------------------------------------ (c) Exhibits 99.1 Press Release, dated February 28, 2002, issued by United Bankshares, Inc. SIGNATURES ---------- Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UNITED BANKSHARES, INC. Date: February 28, 2002 By: /s/ Steven E. Wilson ------------------------ ------------------------------ Steven E. Wilson, Executive Vice President, Treasurer, Secretary and Chief Financial Officer EX-99.1 3 dex991.txt PRESS RELEASE EXHIBIT 99.1 News Release [GRAPHIC APPEARS HERE] For Immediate Release Contact: Steven E. Wilson February 28, 2002 Chief Financial Officer (304)424-8704 United Bankshares Announces Stock Repurchase Program Richard M. Adams, Chairman and Chief Executive Officer of United Bankshares, Inc. (UBSI), announced that at the February 25, 2002 board meeting, United's Board of Directors approved a new plan to repurchase up to 1.72 million shares of its common stock on the open market effective upon completion of the 2000 repurchase plan. The stock repurchase plan represents 4% of the issued and outstanding shares of United. "We are confident in the future of United. We feel that another repurchase plan underscores our commitment to enhancing long-term shareholder value," stated Chairman Adams. The timing, price and quantity of purchases under the plan will be at the discretion of management and the plan may be discontinued, suspended or restarted at any time depending on the facts and circumstances. The repurchase plan, depending upon market conditions, provides capital management opportunities. Shares repurchased under the plan will be available to fund employee benefit programs as well as for a variety of other corporate purposes. United Bankshares stock is traded on the NASDAQ (National Association of Securities Dealers Quotation System) National Market System under the quotation symbol "UBSI". - -------------------------------------------------------------------------------- www.ubsi-wv.com -----END PRIVACY-ENHANCED MESSAGE-----