-----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, N07qnQ8seAqpyv7tCPdwHcmj2lN2WgDbAeLXvF3SG86hYdja40lU+4TbtWnDJXiN QXKaPRhkxRrnphURyltmGg== 0000950152-06-009572.txt : 20061120 0000950152-06-009572.hdr.sgml : 20061120 20061120165258 ACCESSION NUMBER: 0000950152-06-009572 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20061120 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20061120 DATE AS OF CHANGE: 20061120 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: 061230422 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 l23389ae8vk.htm PARK NATIONAL CORP. 8-K Park National Corp. 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 20, 2006
Park National Corporation
(Exact name of registrant as specified in its charter)
         
Ohio   1-13006   31-1179518
 
(State or other jurisdiction   (Commission   ( IRS Employer
of incorporation)   File Number)   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))
 
 

 


 

Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
At the meeting of the Board of Directors (the “Board”) of Park National Corporation (“Park”) held on November 20, 2006 (the “Park Board Meeting”), upon the unanimous recommendation of the Park Board’s Nominating Committee, the Park Board elected Nicholas L. Berning as a director of Park. Mr. Berning joins the class of directors whose terms of office will expire at the 2008 Annual Meeting of Shareholders of Park. At the Park Board Meeting, the Park Board also appointed Mr. Berning to serve as a member of the Audit Committee of the Park Board.
At the meeting of the Board of Directors of The Park National Bank, a national bank subsidiary of Park (“PNB”), held on November 20, 2006, Mr. Berning was also elected to serve on the advisory board of a PNB division (The Park National Bank of Southwest Ohio & Northern Kentucky).
Mr. Berning retired from his position as senior vice president and controller of the Federal Home Loan Bank of Cincinnati (FHLB of Cincinnati) in March of 2006 and currently runs his own financial consulting firm, Berning Financial Consulting. The Park Board has determined that Mr. Berning and his immediate family members (i) have and have had no relationship with Park or any of Park’s subsidiaries, either directly or indirectly, including, without limitation, any commercial, industrial, banking, consulting, legal, accounting, charitable or family relationship, and (ii) have had no transactions (and presently do not expect to have any transactions) with Park or any of Park’s subsidiaries, either directly or indirectly that, in any case: (a) would be inconsistent with a determination that Mr. Berning satisfies the independence standards specified in the applicable sections of the American Stock Exchange Company Guide and the applicable rules and regulations of the SEC, including Rule 10A-3 under the Securities Exchange Act of 1934, as amended; or (b) would require disclosure under Item 404(a) of SEC Regulation S-K.
On November 20, 2006, Park issued a news release (the “November 20, 2006 Release”) announcing the election of Mr. Berning as a director. The November 20, 2006 Release is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 8.01 – Other Events
On November 20, 2006, the Park Board declared a $0.93 per share regular quarterly cash dividend in respect of Park’s common shares. The dividend is payable on January 3, 2007 to shareholders of record as of the close of business on December 22, 2006. The new quarterly dividend rate of $0.93 per share is 1.1 percent higher than the previous quarterly dividend rate of $0.92 per share. The November 20, 2006 Release also announced the declaration of the cash dividend.

2


 

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 20, 2006.
[Remainder of page intentionally left blank;
signature on following page.]

3


 

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 20, 2006  By:   /S/ John W. Kozak    
    John W. Kozak   
    Chief Financial Officer   

4


 

         
INDEX TO EXHIBITS
Current Report on Form 8-K
Dated November 20, 2006
Park National Corporation
     
Exhibit No.   Description
99.1
  News Release issued by Park National Corporation on November 20, 2006.

5

EX-99.1 2 l23389aexv99w1.htm EX-99.1 EX-99.1
 

Exhibit 99.1
     
(PARK NATIONAL LOGO)
  News Release
     
 
   
November 20, 2006
  For immediate release
Park National Corporation appoints new director
and declares third quarter dividend
NEWARK, Ohio — Park National Corporation (Park) (AMEX: PRK) announced today the appointment of Nicholas L. Berning of Cincinnati to the Park board of directors. He retired from his position as senior vice president and controller of the Federal Home Loan Bank of Cincinnati (FHLB of Cincinnati) in March and currently runs his own financial consulting firm, Berning Financial Consulting.
Mr. Berning, a certified public accountant, joined FHLB of Cincinnati in 1980 as director of internal audit and was promoted to controller in 1985. As chief accounting officer for the last 20 years, he led and served on several special committees for FHLB of Cincinnati and its national system. He has presented his expert opinion on numerous financial accounting standards issues and also played a key role in registering FHLB of Cincinnati’s stock with the Securities and Exchange Commission.
Mr. Berning will be the 13th director on Park’s board of directors and will also serve on its audit committee. He resides in Clermont county near Cincinnati. He will also serve on the advisory board of the Southwest Ohio and Northern Kentucky Division of The Park National Bank, which is headquartered in Clermont county.
In today’s meeting the Park board of directors also declared a $.93 per share regular quarterly cash dividend in respect of Park’s common shares, which is payable on January 3, 2007 to shareholders of record as of the close of business on December 22, 2006. The new quarterly dividend rate of $.93 per share is 1.1 percent higher than the previous quarterly dividend rate of $.92 per share.
Park National Corporation is an Ohio-based bank holding company headquartered in Newark, Ohio. Park has approximately $5.4 billion in consolidated total assets. Park and its subsidiaries consist of 12 community banks and divisions and two specialty financing companies, all based in Ohio. Park and its subsidiaries operate 136 offices across 29 Ohio counties and one Kentucky county through the following organizations: The Park National Bank, The Park National Bank of Southwest Ohio & Northern Kentucky Division, Fairfield National Division, The Richland Trust Company, Century National Bank, The First-Knox National Bank of Mount Vernon, 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, Scope Leasing, Inc. (Scope Aircraft Finance), and Guardian Financial Services Company. For more information, visit www.parknationalcorp.com.
Media contacts:
John Kozak, Chief Financial Officer, 740.349.3792
Bethany White, Comm. Specialist, 740.349.3754
Park National Corporation
50 N. Third Street, Newark, Ohio 43055
www.parknationalcorp.com

 

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