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EX-99.1 - FRANKLIN FINANCIAL SERVICES CORP /PA/ | v195709_ex99-1.htm |
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): September 1,
2010
FRANKLIN FINANCIAL SERVICES
CORPORATION
(Exact
name of registrant as specified in its charter)
PENNSYLVANIA
(State or
other jurisdiction of incorporation)
000-12126
|
23-144083
|
(Commission
file number)
|
(IRS
employer ID)
|
20 South Main Street, Chambersburg,
Pennsylvania
|
17201
|
(Address
of principal executive office)
|
(Zip
Code)
|
Registrant's
telephone number, including area code - (717)
264-6116
N/A
(Former
name, address and fiscal year, 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):
¨ 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 August
26, 2010, Franklin Financial Services Corporation (the “Corporation”) amended
its Dividend Reinvestment and Stock Purchase Plan (the “Plan”) effective
September 30, 2010 to: (i) authorize for issuance an additional one million
(1,000,000) shares of common stock on the terms and conditions of the Plan; (ii)
modify the minimum and maximum amounts that may be invested pursuant to the
voluntary cash payment option under the Plan to be a minimum of $25 per
transaction and a maximum of $250,000 per calendar quarter; (iii) provide for
investment of voluntary cash payments on as frequently as a weekly basis; (iv)
permit participants to make voluntary cash payments via ACH transfer; and (v)
modify the formula for determining the purchase price with respect to shares
purchased under the Plan directly from the Corporation, rather than on the open
market The new prospectus for the Plan will be included in
a registration statement filed with the Securities and Exchange Commission to
register one million (1,000,000) shares of common stock for sale to participants
in the Plan.
A copy of
the form of transmittal letter to be distributed to shareholders of the
Corporation announcing the amendments to the Plan and including a copy of the
new prospectus is attached hereto as Exhibit 99.1 and incorporated herein by
reference.
Item
9.01.Financial Statements and Exhibits.
|
(d)
|
Exhibits
|
Exhibit No.
|
Description
|
|
99.1
|
Franklin
Financial Services Corporation Dividend Reinvestment and Stock Purchase
Plan Form of Transmittal
Letter.
|
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.
Franklin
Financial Services Corporation
|
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Date:
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September
1, 2010
|
By:
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/s/ William E. Snell,
Jr.
|
William
E. Snell, Jr., President and
|
|||
Chief
Executive Officer
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EXHIBIT
INDEX
Exhibit Number
|
Description
|
|
99.1
|
Franklin
Financial Services Corporation Dividend Reinvestment and Stock Purchase
Plan Form of Transmittal
Letter.
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