-----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, OYfy5zFMBEwwcbj3UztYuBoE6dRiRtPZKbSz06EhAz8VqrvSRpBuL1MDhTNcJiJW UHefFNR569qUHpVLOJ5Wvg== 0000950152-05-009453.txt : 20051121 0000950152-05-009453.hdr.sgml : 20051121 20051121171128 ACCESSION NUMBER: 0000950152-05-009453 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20051121 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051121 DATE AS OF CHANGE: 20051121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PARK NATIONAL CORP /OH/ CENTRAL INDEX KEY: 0000805676 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 311179518 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13006 FILM NUMBER: 051218794 BUSINESS ADDRESS: STREET 1: 50 NORTH THIRD ST CITY: NEWARK STATE: OH ZIP: 43055 BUSINESS PHONE: 6143498451 MAIL ADDRESS: STREET 1: P O BOX 3500 CITY: NEWARK STATE: OH ZIP: 43058-3500 8-K 1 l17124ae8vk.htm PARK NATIONAL CORPORATION 8-K Park National Corporation 8-K
 

 
 
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)
  November 21, 2005
 
   
Park National Corporation
 
(Exact name of registrant as specified in its charter)
         
Ohio   1-13006   31-1179518
         
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)
     
50 North Third Street, P.O. Box 3500, Newark, Ohio   43058-3500
     
(Address of principal executive offices)   (Zip Code)
(740) 349-8451
 
(Registrant’s telephone number, including area code)
Not Applicable
 
(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 provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Section 8 — Other Events
Item 8.01 — Other Events.
On November 21, 2005, Park National Corporation (“Park”) issued a news release announcing the declaration of a cash dividend and the extension of the stock repurchase authorization. A copy of the November 21, 2005 press release is included as Exhibit 99.1 and incorporated by reference.
On November 21, 2005, Park’s Board of Directors declared a $.92 per share regular cash dividend to stockholders of record as of December 20, 2005, payable January 3, 2006. The new quarterly dividend rate of $.92 per share is 2.2 percent higher than the previous quarterly dividend rate of $.90 per share.
Additionally, the Board of Directors of Park granted management the authority to purchase up to an aggregate of 1,000,000 Park common shares over the next three years, in open market purchases or through privately negotiated transactions, to be held as treasury shares for general corporate purposes.
Park’s Board of Directors had previously granted management the authority to purchase up to an aggregate of 500,000 common shares for the three-year period ended November 17, 2005. A total of 93,189 common shares were purchased under this previous authorization.
Section 9 — Financial Statements and Exhibits
Item 9.01 — Financial Statements and Exhibits.
  (a)   Not applicable
 
  (b)   Not applicable
 
  (c)   Not applicable
 
  (d)   Exhibits. The following exhibit is being filed with this Current Report on Form 8-K:
     
Exhibit No.   Description
99.1
  News Release issued by Park National Corporation on November 21, 2005 announcing the declaration of a cash dividend and extension of stock repurchase authorization.
[Remainder of page intentionally left blank;
signature on following page.]

2


 

SIGNATURE
     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.
         
  PARK NATIONAL CORPORATION
 
 
Dated: November 21, 2005  By:   /s/ John W. Kozak    
    John W. Kozak   
    Chief Financial Officer   
 

3


 

INDEX TO EXHIBITS
Current Report on Form 8-K
Dated November 21, 2005
Park National Corporation
     
Exhibit No.   Description
99.1
  News Release issued by Park National Corporation on November 21, 2005 announcing the declaration of a cash dividend and extension of stock repurchase authorization.

4

EX-99.1 2 l17124aexv99w1.htm EXHIBIT 99.1 Exhibit 99.1
 

Exhibit 99.1
     
(PARK NATIONAL CORPORATION LOGO)   News Release
     
November 21, 2005   FOR IMMEDIATE RELEASE
Park National Corporation declares cash dividend,
announces extension of stock repurchase authorization
NEWARK, Ohio — At its meeting earlier today, the Board of Directors of Park National Corporation (AMEX: PRK) declared a $.92 per share regular cash dividend to stockholders of record as of December 20, 2005, payable January 3, 2006. The new quarterly dividend rate of $.92 per share is 2.2 percent higher than the previous quarterly dividend rate of $.90 per share.
Additionally, the Board of Directors granted management the authority to purchase up to an aggregate of 1,000,000 common shares of Park National Corporation over the next three years, in open market purchases or through privately negotiated transactions, to be held as treasury shares for general corporate purposes.
Park’s Board of Directors had previously granted management the authority to purchase up to an aggregate of 500,000 common shares for the three-year period ended November 17, 2005. A total of 93,189 common shares were purchased under this previous authorization.
The 1,000,000 common shares authorized for repurchase are in addition to the common shares authorized for purchase in connection with Park’s stockholder—approved stock option plan. Park’s stock option plan permits the issuance of 1.5 million common shares upon the exercise of incentive stock options which may be granted under this plan. As of November 21, 2005, approximately 1.27 million common shares were available for future grants under this plan. No incentive stock options may be granted under this plan after January 17, 2015. As of November 21, 2005, Park has approximately 14.12 million common shares outstanding.
Headquartered in Newark, Ohio, Park is a bank holding company with $5.5 billion in consolidated total assets. Its family of 12 community banks and 2 specialty finance companies operate 134 offices throughout 29 Ohio counties. They include The Park National Bank, Fairfield National Division, The Richland Trust Company, Century National Bank, The First-Knox National Bank, Farmers and Savings Division, United Bank, N.A., Second National Bank, The Security National Bank and Trust Co., Unity National Division, The Citizens National Bank of Urbana, First Clermont Division, Scope Aircraft Finance (Scope Leasing Inc.), and Guardian Financial Services.
For more information visit www.parknationalcorp.com.
Media contacts:
Bethany White, Comm. Specialist 740.349.3754
John Kozak, Chief Financial Officer, 740.349.3792
###
Park National Corporation
50 N. Third Street, Newark, Ohio 43055
www.parknationalcorp.com

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-----END PRIVACY-ENHANCED MESSAGE-----