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Proc-Type: 2001,MIC-CLEAR
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OMB APPROVAL EFFECTIVE AUGUST 23RD, 2004 OMB Number: 3235-0060 Expires: March 31, 2006 UNITED STATES Estimated average burden SECURITIES AND EXCHANGE COMMISSION Hours per response...28.0 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) November 17, 2004 CHEMUNG FINANCIAL COPORATION (Exact name of registrant as specified in its charter) New York 0-13888 16-123703-8 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) (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 provision (see General Instruction A.2. below): [ ] 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)) ITEM 8.01 OTHER EVENTS On November 17, 2004, Chemung Financial Corporation ("the Company") issued a press release announcing a share repurchase program of the Company's outstanding common stock. The press release is attached as Exhibit 99 hereto and incorporated herein by reference. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS Exhibit No. 99 Press Release dated November 17, 2004
SIGNATURES |
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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. |
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CHEMUNG FINANCIAL CORPORATION |
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Dated: November 17, 2004 |
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By: /s/Jan P. Updegraff President and Chief Executive Officer |
Jan P. Updegraff |
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President & CEO |
November 17, 2004 |
PRESS RELEASE
November 17, 2004
(For Immediate Release)
CHEMUNG FINANCIAL BOARD AUTHORIZES SHARE REPURCHASE
Chemung Financial Corporation (OTCBB:CHMG) announced that its Board of Directors has authorized the repurchase of up to 180,000 shares, or approximately 5% of the Company's outstanding common stock. Purchases will be made from time to time on the open market or in privately negotiated transactions, and will be at the discretion of management.
In making this announcement Jan P. Updegraff, President & CEO, stated:
We believe this decision is in the best interests of all shareholders. The recent market value of our shares in the area of $30 represents an excellent value and the shares are clearly an attractive investment of our surplus funds. This decision also expresses the very high confidence of our Board of Directors in the future of our company.
Chemung Financial Corporation is a financial holding company, headquartered in Elmira, NY, and the parent of Chemung Canal Trust Company.