8-K 1 form8k.txt FORM 8-K 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 February 14, 2003 ______________________________________________________________________________ (Date of earliest event reported) Banknorth Group, Inc. ______________________________________________________________________________ (Exact name of registrant as specified in its charter) Maine 001-31251 01-0437984 ______________________________________________________________________________ (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) P.O. Box 9540, Two Portland Square, Portland, Maine 04112-9540 ______________________________________________________________________________ (Address of principal executive offices) (Zip Code) (207) 761-8500 ______________________________________________________________________________ (Registrant's telephone number, including area code) Not Applicable ______________________________________________________________________________ (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events As of the end of the day on February 14, 2003, following the receipt of all required regulatory and stockholder approvals, Banknorth Group, Inc. ("Banknorth") completed the acquisition of American Financial Holdings, Inc. ("American") pursuant to an Agreement and Plan of Merger, dated as of August 22, 2002, between Banknorth and American (the "Agreement"). The acquisition was effected by means of the merger of American with and into Banknorth (the "Merger"). Upon consummation of the Merger, each outstanding share of common stock of American (other than certain shares held by American) was converted into the right to receive $32.00 in cash or 1.22 shares of common stock of Banknorth, plus cash in lieu of any fractional share interest, subject to election and allocation procedures set forth in the Agreement which are intended to ensure that 50% of the outstanding shares of American common stock will be converted in the right to receive Banknorth common stock and 50% of the outstanding shares of American common stock will be converted into the right to receive cash. For additional information, reference is made to the press release of Banknorth, dated January 13, 2003, which is included as Exhibit 99.1 and is incorporated herein by reference. 2 Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (a) Not applicable. (b) Not applicable. (c) The following exhibits are included with this Report: Exhibit No. Description ----------- ----------- 2.1 Agreement and Plan of Merger, dated as of August 22, 2002 between Banknorth and American * 10.1 Form of Shareholder Agreement between each director of American and Banknorth (included as Annex A to Exhibit 2.1)* 10.2 Form of Executive Agreement by and among Banknorth, American, American Savings Bank and each of Robert T. Kenney, Charles J. Boulier III, Peter N. Perugini, Richard J. Moore, Sheri C. Pasqualoni, William E. Solberg, Charles P. Ahern and Earl T. Young (included as Annex B to Exhibit 2.1)* 10.3 Form of Consulting Agreement between Banknorth and Robert T. Kenney (included as Annex C to Exhibit 2.1)* 99.1 Press Release, dated January 13, 2003 _________________ * Incorporated by reference to the Current Report on Form 8-K filed by Banknorth with the Commission on August 23, 2002, as well as to Annex I to the Proxy Statement/Prospectus contained in the Registration Statement on Form S-4 (File No. 333-100095) filed with the Commission on September 25, 2002, as amended. 3 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 thereunto duly authorized. BANKNORTH GROUP, INC. By: /s/ Peter J. Verrill -------------------------------- Name: Peter J. Verrill Title: Chief Operating Officer and Chief Financial Officer Date: February 18, 2003 4