-----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, R7U/1AdvkCDQs0ncGA0OgIoz0DX2gXEe8Aw62BKv+XV18sNpZpMEHznGsxLEa40d Lb9aomSN3yvh9RCabJyYlw== 0000894671-06-000096.txt : 20060721 0000894671-06-000096.hdr.sgml : 20060721 20060721154953 ACCESSION NUMBER: 0000894671-06-000096 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060718 ITEM INFORMATION: Other Events FILED AS OF DATE: 20060721 DATE AS OF CHANGE: 20060721 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OHIO VALLEY BANC CORP CENTRAL INDEX KEY: 0000894671 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 311359191 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20914 FILM NUMBER: 06974233 BUSINESS ADDRESS: STREET 1: 420 THIRD AVE CITY: GALLIPOLIS STATE: OH ZIP: 45631 BUSINESS PHONE: 7404462631 MAIL ADDRESS: STREET 1: 420 THIRD AVENUE STREET 2: PO BOX 240 CITY: GALLIPOLIS STATE: OH ZIP: 45631 8-K 1 sec8k071806stckrepdividndcvr.txt STOCK REP PRGM 2ND QTR DIV 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): July 21, 2006 (July 18, 2006) OHIO VALLEY BANC CORP. ------------------------- (Exact name of registrant as specified in its charter) Ohio ------ (State or other jurisdiction of incorporation) 0-20914 31-1359191 --------- ------------ (Commission File Number) (IRS Employer Identification No.) 420 Third Avenue, Gallipolis, Ohio 45631 ------------------------------------------ (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (740) 446-2631 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: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01 - Other Events - ------------------------- On July 18, 2006, the Board of Directors of Ohio Valley Banc Corp., (the "Company"), authorized the repurchase of up to 175,000 shares of the Company's common stock through open market and privately negotiated purchases. All purchases will be made by the Company between August 16, 2006 and February 16, 2007, unless the Company's Board of Directors extends the program. The timing of the purchases, the prices paid and actual number of shares purchased will depend upon market conditions and limitations imposed by applicable federal securities laws. Furthermore, on July 18, 2006, the Company's Board of Directors declared a quarterly cash dividend of $0.17 per common share on its common stock to be payable on August 10, 2006, to shareholders of record on July 28, 2006. A press release was issued on July 21, 2006 announcing the details of the stock repurchase program and quarterly cash dividend. A copy of the press release is included with this Form 8-K as Exhibit 99.1 and is incorporated herein by reference. Page 2 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. OHIO VALLEY BANC CORP. Date: July 21, 2006 By: /s/ Jeffrey E. Smith ------------------------------- Jeffrey E. Smith, President and Chief Executive Officer Page 3 EXHIBIT INDEX Exhibit Number Description - -------------- ----------- 99.1 Press release issued by Ohio Valley Banc Corp. on July 21, 2006. Page 4 EX-99 2 sec8k071806stckrepdividend.txt EX 99.1 PRESS RELEASE NEWS RELEASE - ------------------------------------------------------------------------------- FOR IMMEDIATE RELEASE 7/21/2006 Contact: Richard Scott or Bryna Butler, (740) 446-2631, 1-800-468-6682 OVBC ANNOUNCES STOCK REPURCHASE PROGRAM AND DECLARES QUARTERLY CASH DIVIDEND ON ITS COMMON STOCK GALLIPOLIS, Ohio -- Ohio Valley Banc Corp. [NASDAQ: OVBC] was authorized by its Board of Directors on July 18, 2006, to repurchase up to 175,000 shares of OVBC common stock through open market and privately negotiated purchases. The timing of the purchases, the prices paid and the actual number of shares of common stock purchased will depend upon market conditions and limitations imposed by applicable federal securities laws. All shares of common stock purchased will be held as treasury shares and will be available for use by OVBC pursuant to the terms of OVBC's Dividend Reinvestment and Employee Stock Purchase Plan as well as for other general corporate purposes. Jeffrey E. Smith, president and chief executive officer, commented, "This authorization by our Board will permit the purchase of shares, when available, to meet the demand for the Dividend Reinvestment Program. Our shareholders purchased more than 48,000 shares of common stock in 2005 under the Dividend Reinvestment Plan (DRIP) and Employee Stock Purchase Plan." All purchases will be made by OVBC between August 16, 2006 and February 16, 2007, unless OVBC's Board of Directors extends the program. Also on July 18, 2006, the Board of Directors declared a quarterly cash dividend on its common stock of $0.17 per common share. The dividend is payable on August 10, 2006, to shareholders of record on July 28, 2006. Ohio Valley Bank, the largest of OVBC's subsidiaries, has two big projects underway. A new 8,000 square foot banking facility in Jackson, Ohio will open this fall. The bank will also begin offering its new e-Delivery, an electronically delivered account statement in August. Ohio Valley Banc Corp. operates three subsidiaries: Ohio Valley Bank established in 1872, operates 16 offices in Ohio and West Virginia; Loan Central celebrating ten years in business, operates five offices in Ohio; and Ohio Valley Financial Services, based in Jackson, Ohio. Ohio Valley Banc Corp. stock is traded on the NASDAQ Global Market under the symbol OVBC. The company's Web site is www.ovbc.com. -----END PRIVACY-ENHANCED MESSAGE-----