-----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, Szea63+3oMo8DtaXCyog0zwlTYvwpRW1QUbaJsj/C/+dO1F15kkDDkYcrg3lqRhw ze2w871aVTIRlj64FRYvdQ== 0000893220-97-000176.txt : 19970203 0000893220-97-000176.hdr.sgml : 19970203 ACCESSION NUMBER: 0000893220-97-000176 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970131 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970131 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: PENN VIRGINIA CORP CENTRAL INDEX KEY: 0000077159 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 231184320 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-00753 FILM NUMBER: 97516155 BUSINESS ADDRESS: STREET 1: 100 MATSONFORD ROAD SUITE 200 STREET 2: ONE RADNOR CORPORATE CENTER CITY: RADNOR STATE: PA ZIP: 19087 BUSINESS PHONE: 2155456600 MAIL ADDRESS: STREET 1: 800 BELLEVUE 200 S BROAD ST CITY: PHILADELPHIA STATE: PA ZIP: 19102 FORMER COMPANY: FORMER CONFORMED NAME: VIRGINIA COAL & IRON CO DATE OF NAME CHANGE: 19670501 8-K 1 FORM 8-K PENN VIRGINIA CORPORATION 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 January 31, 1997 PENN VIRGINIA CORPORATION - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in its Charter) VIRGINIA - -------------------------------------------------------------------------------- (State or Other Jurisdiction of Incorporation) 0-753 23-1184320 - -------------------------------------------------------------------------------- (Commission File No.) (I.R.S. Employer Identification No.) 100 Matsonford Road Suite 200, Radnor, PA 19087 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) 19087 - -------------------------------------------------------------------------------- (Zip Code) (610) 687-8900 - -------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) 2 ITEM 5. OTHER EVENTS Penn Virginia Corporation issued a press release on January 31, 1997 with respect to the sale by VEBA, AG, a corporation organized under the laws of the Federal Republic of Germany ("VEBA"), of all its holdings of Penn Virginia common stock. Before the sale VEBA owned, through its subsidiary Interkohle Beteiligungsgesellschaft mbH, 868,258 shares (the "Shares") of Penn Virginia common stock representing approximately 20 percent of the outstanding stock. Members of Penn Virginia's Board of Directors and senior management purchased 50,950 shares and the Company bought 210,308 shares. All of the Shares were purchased at $41.50 per share. The Company did not receive any of the proceeds from the sale of the Shares. The press release is filed as Exhibit 99 to this Form 8-K, and the text of the press release is incorporated by reference herein. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (c) The following is filed as part of this Current Report on Form 8-K: Exhibit Description 99 Press release dated January 31, 1997 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 on January 31, 1997. PENN VIRGINIA CORPORATION By: /s/ A. James Dearlove -------------------------------- A. James Dearlove President and Chief Executive Officer EX-99 2 PRESS RELEASE DATED JANUARY 31,1997 1 EXHIBIT 99 PENN VIRGINIA CORPORATION One Radnor Corporate Center, Suite 200, 100 Matsonford Road, Radnor, PA 19087 FOR IMMEDIATE RELEASE CONTACT: Steven W. Tholen, Vice President and Chief Financial Officer (610) 687-8900 Fax: (610) 687-3688 PENN VIRGINIA CORPORATION ANNOUNCES SALE OF STOCK BY MAJOR SHAREHOLDER RADNOR, PA, JANUARY 31, 1997 -- Penn Virignia Corporation (NASDAQ: PVIR) announced today that VEBA, AG has sold all its holdings of Penn Virginia common stock. Before the sale VEBA owned, through a subsidiary, 868,258 shares of Penn Virginia common stock representing approximately 20 percent of the outstanding stock. The shares were broadly distributed to various financial institutions and mutual funds. Members of Penn Virginia's Board of Directors and senior management purchased shares and the Company bought 210,308 shares. All the shares were purchased at $41.50 per share. Penn Virginia President and Chief Executive Officer A. James Dearlove said. "We are extemely pleased with the breadth of the distribution of the Penn Virginia shares held by VEBA. The purchase of stock by the Company and our directors and senior management reflects our confidence in the future growth opportunities available to the Company." PVIR is an energy company engaged primarily in leasing of mineral rights, collection of royalties, and development and production of oil and natural gas. PVIR is headquatered in Radnor, PA. * * * * * -----END PRIVACY-ENHANCED MESSAGE-----