-----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, O6cWpBhoYD+3YZqMq5q3Pop0MimHjCJmuT++h//XtK9Sf87eCuZIUyDrrOmA8T4K ms+5nEBM6jsrlg2BzqXjwg== 0000763563-01-500021.txt : 20010518 0000763563-01-500021.hdr.sgml : 20010518 ACCESSION NUMBER: 0000763563-01-500021 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010509 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010517 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHEMUNG FINANCIAL CORP CENTRAL INDEX KEY: 0000763563 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 161237038 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-13888 FILM NUMBER: 1642250 BUSINESS ADDRESS: STREET 1: ONE CHEMUNG CANAL PLZ STREET 2: P O BOX 1522 CITY: ELMIRA STATE: NY ZIP: 14902 BUSINESS PHONE: 6077373711 MAIL ADDRESS: STREET 1: ONE CHEMUNG CANAL PLZ STREET 2: P O BOX 1522 CITY: ELMIRA STATE: NY ZIP: 14902 8-K 1 sec8k.htm CHEMUNG FINANCIAL CORPORATION 8-K SECURITIES AND EXCHANGE COMMISSION

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) May 9, 2001

CHEMUNG FINANCIAL CORPORATION
(Exact name of Registrant as Specified in Charter)

New York

0-13888

16-123703-8

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

One Chemung Canal Plaza, Elmira, New York

14902

(Address of Principal Executive Offices)

(Zip Code)

Registrant's telephone number, including area code (607) 737-3711




(Former Name or Former Address, if Changed Since Last Report)

Item 5.

Other Events


On May 9, 2001 Registrant's Board of Directors approved a resolution authorizing a stock repurchase program of up to 400,000 shares in the open market over a two-year period.

Item 7.

Financial Statements, Pro Forma Financial Information and Exhibits

(c) Exhibits:

(99) Attached to this Form 8-K as Exhibit A and incorporated by reference to Item 7(c) is a Press Release dated May 9, 2001 announcing the share repurchase program.
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CHEMUNG FINANCIAL CORPORATION

PRESS RELEASE

MAY 9, 2001

3:30 P.M.


CHEMUNG FINANCIAL BOARD AUTHORIZES
SHARE REPURCHASE

Elmira, NY, May 9, 2001 Chemung Financial Corporation announced today that its Board of Directors has authorized the repurchase of up to 400,000 shares, or approximately 10% of its outstanding common shares. Any such purchases will be made from time to time in the open market or in privately negotiated transactions, and will be at the discretion of management.

Jan P. Updegraff, President and Chief Executive Officer, said, "We believe our recent stock price represents an excellent investment opportunity for Chemung Financial and is a prudent use of the Corporation's available resources. This program evidences our confidence in our short and long-term earnings and growth potential and we believe will enhance returns to our shareholders.

Exhibit A

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 hereunto duly authorized.



CHEMUNG FINANCIAL CORPORATION

By

Jan P. Updegraff

President and Chief Executive Officer

Date: May 17, 2001

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