-----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, JyeBwKNz7/qLyM+QpC+zDY4+633NQX+ELW29oFjC4vbkcfCxlrTqCJ4HeRdOU3OJ 0OVr11nWniRuz/2PnemZ9g== 0000914317-98-000144.txt : 19980227 0000914317-98-000144.hdr.sgml : 19980227 ACCESSION NUMBER: 0000914317-98-000144 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980224 ITEM INFORMATION: FILED AS OF DATE: 19980226 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: EAST TEXAS FINANCIAL SERVICES INC CENTRAL INDEX KEY: 0000929646 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 752559089 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-24848 FILM NUMBER: 98550046 BUSINESS ADDRESS: STREET 1: 1200 S BECKHAM AVE CITY: TYLER STATE: TX ZIP: 75701 BUSINESS PHONE: 9035931767 MAIL ADDRESS: STREET 1: 1200 SOUTH BECKHAM AVE CITY: TYLER STATE: TX ZIP: 75701 8-K 1 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) February 24, 1998 EAST TEXAS FINANCIAL SERVICES, INC. - -------------------------------------------------------------------------------- (Exact name of Registrant as specified in its Charter) Delaware 0-24848 75-2559089 - -------------------------------------------------------------------------------- (State or other (Commission File No.) (IRS Employer jurisdiction of Identification Number) incorporation 1200 South Beckham Avenue, Tyler, Texas 75701-3319 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (903) 593-1767 - -------------------------------------------------------------------------------- N/A - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events On February 24, 1998, the Registrant issued for publication the press release attached as Exhibit "99" declaring a 3 for 2 stock split in the form of a 50% stock dividend. Exhibit Number Description ------ ----------- 99 Press release, published on February 24, 1998. 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. EAST TEXAS FINANCIAL SERVICES, INC. Date: February 24, 1998 By: /s/ GERALD W. FREE ------------------ Gerald W. Free Vice Chairman, President And Chief Executive Officer EX-99 2 EAST TEXAS FINANCIAL SERVICES, INC. ________________________________________________________________________________ 1200 South Beckham o P. O. Box 6910 o Tyler, TX 75711-6910 903-593-1767 o Fax 903-593-1094 NEWS RELEASE For verification, contact: Gerald W. Free, Vice Chairman/President/CEO Derrell W. Chapman, Vice President/COO/CFO Telephone: (903) 593-1767 Fax: (903) 593-1094 For immediate release, February 24, 1998 - ------------------------------------------------------------------------------ EAST TEXAS FINANCIAL SERVICES, INC. DECLARES 3 FOR 2 STOCK SPLIT IN THE FORM OF A 50% STOCK DIVIDEND Tyler, Texas, February 24, 1998, - - - Gerald W. Free, Vice Chairman, President and CEO of East Texas Financial Services, Inc. (Nasdaq NMS: ETFS), the holding company for First Federal Savings and Loan Association of Tyler, Texas, announced today that the Company had declared a 3 for 2 stock split in the form of a 50% stock dividend payable on March 25, 1998, to stockholders of record on March 11, 1998. Under the terms of the stock split in the form of a stock dividend, East Texas Financial Services' shareholders will receive a dividend of three shares for every two shares held on the record date. Fractional shares created by the stock dividend will be paid in cash. The dividend will be paid in authorized but unissued shares of the common stock of the Company. The par value of East Texas Financial Services' stock will not be affected by the split and will remain at $.01 per share. The Company anticipates the number of outstanding shares of stock after the split will be increased from approximately 1,026,366 to approximately 1,539,549. Mr. Free stated that, "the Board of Directors has declared this stock split to reduce its price per share and to increase its market liquidity for the purpose of enhancing the securities' appeal to investors." - end - -----END PRIVACY-ENHANCED MESSAGE-----