0000739421-15-000058.txt : 20151021 0000739421-15-000058.hdr.sgml : 20151021 20151021090642 ACCESSION NUMBER: 0000739421-15-000058 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20151020 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20151021 DATE AS OF CHANGE: 20151021 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CITIZENS FINANCIAL SERVICES INC CENTRAL INDEX KEY: 0000739421 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 232265045 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13222 FILM NUMBER: 151167425 BUSINESS ADDRESS: STREET 1: 15 S MAIN ST CITY: MANSFIELD STATE: PA ZIP: 16933 BUSINESS PHONE: 5706622121 MAIL ADDRESS: STREET 1: 15 S MAIN ST CITY: MANSFIELD STATE: PA ZIP: 16933 8-K 1 form8-kbuyback.htm FORM 8-K form8-kbuyback.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 (Date of earliest event reported):  October 20, 2015


CITIZENS FINANCIAL SERVICES, INC.
(Exact name of registrant as specified in charter)


Pennsylvania
  
0-13222
  
23-2265045
(State or other jurisdiction of incorporation)
  
(Commission File Number)
  
(I.R.S. Employer Identification Number)
         
15 South Main Street, Mansfield, PA
  
16933
(Address of Principal Executive Office)
  
(Zip Code)
     
Registrant’s telephone number, including area code:
  
(570) 662-2121
     
N/A
(Former name or former address, if changes 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:

 
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))


 
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ITEM 8.01 OTHER EVENTS.

On October 20, 2015, Citizens Financial Services, Inc. authorized the additional repurchase of 150,000 shares of its common stock.  For more information, reference is made to the Company’s press release dated October 21, 2015, a copy of which is attached to this Report as Exhibit 99.1 and is incorporated herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

Exhibit Number
Description
99.1
Press Release dated October 21, 2015


 
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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned, thereunto duly authorized.
 
  Citizens Financial Services, Inc.  
       
Date:  October 21, 2015
By:
/s/ Mickey L. Jones  
    Mickey L. Jones  
    Chief Operating Officer / Chief Financial Officer  
       

 
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EX-99.1 2 buybackpressrelease.htm PRESS RELEASE ON BUYBACK buybackpressrelease.htm
EXHIBIT 99.1

**PRESS RELEASE**

Contact:
Randall E. Black
Chief Executive Officer & President
570-662-2121

CITIZENS FINANCIAL SERVICES, INC.
SHARE REPURCHASE PROGRAM
October 20, 2015

MANSFIELD, PENNSYLVANIA – October 21, 2015 – On October 20, 2015, the Board of Directors of Citizens Financial Services, Inc. (OTC BB:  CZFS), authorized the additional repurchase of 150,000 of Citizens Financial Services, Inc. common stock in open or privately negotiated transactions.  Repurchases will be made from time to time depending on market conditions and other factors.  There is no guarantee as to the exact number of shares to be repurchased by the Company.  On January 17, 2012, The Board of Directors authorized the repurchase of 140,000 of its common stock, and as of October 20, 2015, 110,371 shares have been repurchased and the Board of Directors continues to have authority to repurchase an additional 29,629 shares.

Citizens Financial Services, Inc. is the parent holding company of First Citizens Community Bank headquartered in Mansfield, Pennsylvania.
 
Note:  This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.  Actual results and trends could differ materially from those set forth in such statements due to various factors.  These factors include operating, legal and regulatory risks; changing economic and competitive conditions and other risks and uncertainties.