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): April 17, 2007
FIRST NIAGARA FINANCIAL GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware | 42-1556195 |
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(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification Number) |
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6950 South Transit Road, P.O. Box 514, Lockport, NY | 14095-0514 |
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(Address of Principal Executive Offices) | (Zip Code) |
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(716) 625-7500 |
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(Registrant's telephone number) |
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Not Applicable |
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(Former name or former address, if changed since last report)
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Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| o | 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 April 20, 2007, First Niagara Financial Group, Inc. (the "Company") issued a press release announcing that its Board of Directors has authorized the Company to repurchase up to 5.4 million (5%) additional shares of its outstanding common stock, as part of its ongoing capital management program. Management will use its discretion in determining the timing of the repurchases and the prices at which buybacks will be made. The extent to which shares are repurchased will depend on a number of factors including market trends and prices as well as alternative uses for capital.
In addition the Board of Directors declared a regular quarterly cash dividend of $0.13 per share, payable on May 23, 2007, to stockholders of record on May 9, 2007.
A copy of the press release is filed as exhibit 99.1 to this report.
Item 9.01 Financial Statements and Exhibits
| (a) | Not Applicable. |
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| (b) | Not Applicable. |
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| (c) | Not Applicable. |
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| (d) | Exhibits. |
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| | Exhibit No. | Description |
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| | 99.1 | Press release dated April 20, 2007 |
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SIGNATURE
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.
| | FIRST NIAGARA FINANCIAL GROUP, INC. |
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| DATE: April 20, 2007 | By: | /s/ Michael W. Harrington |
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| | | Michael W. Harrington
Chief Financial Officer
(Duly authorized representative) |
