0000950124-01-503373.txt : 20011009
0000950124-01-503373.hdr.sgml : 20011009
ACCESSION NUMBER: 0000950124-01-503373
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20011001
ITEM INFORMATION: Other events
ITEM INFORMATION: Financial statements and exhibits
FILED AS OF DATE: 20011001
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: CAPITAL DIRECTIONS INC
CENTRAL INDEX KEY: 0000830157
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 382781737
STATE OF INCORPORATION: MI
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 033-20417
FILM NUMBER: 1749280
BUSINESS ADDRESS:
STREET 1: 322 S JEFFERSON ST
CITY: MASON
STATE: MI
ZIP: 48854
BUSINESS PHONE: 5176760500
MAIL ADDRESS:
STREET 2: P O BOX 130
CITY: MASON
STATE: MI
ZIP: 48854-0130
8-K
1
k65227e8-k.txt
CURRENT REPORT DATED 10/01/01
1
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) October 1, 2001
--------------------------------
Capital Directions, Inc.
--------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Michigan
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(State or other jurisdiction of incorporation)
33-20417 38-2781737
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(Commission File Number) (IRS Employer Identification No.)
322 South Jefferson Street
Mason, Michigan 48854-0130
--------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (517) 676-0506
------------------------------
Exhibit Index is located on page 4.
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2
ITEM 5. OTHER EVENTS
On September 27, 2001, the Registrant issued a press release relating
to the implementation of a stock repurchase program whereby the Registrant may
repurchase from time to time up to 25,000 of its outstanding shares of common
stock in the open market or in private transactions over the next twelve months.
For information regarding the stock repurchase program, reference is made to the
press release dated September 27, 2001, which is attached hereto as Exhibit 99
and incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits:
Exhibit 99 September 27, 2001 Press Release
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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 hereunto duly authorized.
CAPITAL DIRECTIONS, INC.
(Registrant)
By: /s/ Timothy P. Gaylord
--------------------------------------
Timothy P. Gaylord, President and
Chief Executive Officer
Dated: September 27, 2001
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4
EXHIBIT INDEX
NUMBER DESCRIPTION
99 September 27, 2001 Press Release
4
EX-99
3
k65227ex99.txt
PRESS RELEASE
1
EXHIBIT 99
Contact: Timothy Gaylord
President & CEO
Mason State Bank and Capital Directions, Inc.
(517) 676-0500
NEWS RELEASE . . .
FOR IMMEDIATE RELEASE - SEPTEMBER 27, 2001
CAPITAL DIRECTIONS, INC. ANNOUNCES
STOCK REPURCHASE PROGRAM
MASON, MICHIGAN. The Board of Directors of Capital Directions, Inc., the holding
company for Mason State Bank, at their regular monthly board meeting in
September approved a Stock Redemption/Repurchase Program.
Timothy Gaylord, President & CEO, stated, "We believe that our current stock
price does not reflect our long-term value. This program allows the Corporation
to make an attractive investment and continue to manage capital." The Board of
Directors authorized the repurchase of up to 25,000 shares of its outstanding
common shares. Such purchases will be made subject to market conditions in the
open market within the following 12 months.
Mason State Bank has served the Mason area since 1886. Capital Directions, Inc.
common shares are traded in the over-the-counter market. Nick Bicking of Stifel,
Nicolaus Company, Inc., George Pfleger of Raymond James & Assoc., Inc., Todd
Stewart of Morgan Stanley Dean Witter, Helen Rubens of Monroe Securities, Inc.,
and Nick Bach of Howe Barnes Investments, Inc. make a market in the stock.
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