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 30, 1998
WHG BANCSHARES CORPORATION
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(Exact name of Registrant as specified in its Charter)
Maryland 0-27606 52-1953867
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(State or other jurisdiction (SEC File No.) (IRS Employer
of incorporation) Identification
Number)
1505 York Road, Lutherville, Maryland 21093
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:(410) 583-8700
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Not Applicable
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(Former name or former address, if changed since last Report)
WHG BANCSHARES CORPORATION
INFORMATION TO BE INCLUDED IN REPORT
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Item 5. Other Events
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On July 30, 1998, the Registrant announced earnings for the quarter and
nine months ended June 30, 1998, and that the Board of Directors had declared a
special cash distribution of $3.00 per share. In addition, the Company announced
the declaration of the regular quarterly dividend of $.08 per share. The
Registrant estimated that the entire amount of the $3.00 per share special
distribution would be treated as a return of capital distribution. The $3.00
return of capital would be treated as a reduction in the cost basis of each
share and would not be subject to income tax as a dividend to shareholders.
However, a final determination as to an exact amount of the return of capital
portion of the special distribution cannot be made until after December 31,
1998.
For further details, reference is made to the Press Release dated July
30, 1998, which is attached hereto as Exhibit 99.1 and incorporated herein by
this reference.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
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Exhibit 99.1 -- Press Release dated July 30, 1998.
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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.
WHG BANCSHARES CORPORATION
Date: August 12, 1998 By: /s/Peggy J. Stewart
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Peggy J. Stewart
President and Chief
Executive Officer