SECURITIES AND EXCHANGE COMMISSION 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): | November 21, 2007 | ||
Commission file number: | |||
CHEMUNG FINANCIAL CORPORATION | |||
New York incorporation or organization) | 16-123703-8 Identification No.) | ||
One Chemung Canal Plaza, Elmira, NY 14901 (607) 737-3711 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: | |||
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 5.03. | AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS, CHANGE IN FISCAL YEAR |
On November 21, 2007, the Board of Directors of Chemung Financial Corporation amended Section 14 of its bylaws to comply with SEC Rule 14a-8(b). Under the amended bylaws a shareholder is required to own at least 1% or $2000 in market value of shares in order to submit a shareholder proposal. Prior to the amendment a shareholder was required to hold 1% or $1000 in market value in order to submit a proposal. All other provision of the Company's bylaws remain unchanged. The amended bylaws are attached hereto and incorporated herein by reference | |
ITEM 8.01 | OTHER EVENTS |
On November 20, 2007, the Company issued a press release announcing that its Board of Directors approved payment of a quarterly cash dividend of $.25 per share, payable January 2, 2008, to common shareholders of record as of the close of business on December 17, 2007. The current dividend represents a 4.2% increase over the $.24 dividend paid in the fourth quarter 2007. A copy of the press release is attached to this Report on Form 8-K as Exhibit 99.2 and is incorporated herein by reference. | |
ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS |
(a) | Not Applicable |
(b) | Not Applicable |
(c) | Exhibits |
Exhibit No. | ||
3.1 | Amended and Restated Bylaws of Chemung Financial Corporation | |
99.2 | Press Release dated November 21, 2007 | |
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. | |
CHEMUNG FINANCIAL CORPORATION | |
November 21, 2007 | By: Ronald M. Bentley |
| |
Ronald M. Bentley | |
President & Chief Executive Officer | |
