8K on Newly Implemented Stock Repurchase Program
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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) March 22, 2007
WesBanco,
Inc.
(Exact
name of registrant as specified in its charter)
|
West
Virginia
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0-8467
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55-0571723
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(State
or other jurisdiction
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(Commission
File Number)
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(IRS
Employer
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of
incorporation)
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Identification
No.)
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1
Bank Plaza, Wheeling, WV
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26003
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant's
telephone number, including area code (304)
234-9000
Former
name or former address, if changed since last report Not
Applicable
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 Information
On
March
22, 2007, WesBanco, Inc. (“WesBanco”) issued a press release announcing that its
Executive Committee of the Board of Directors adopted a new stock repurchase
plan, to purchase up to an additional one million shares of WesBanco common
stock representing approximately 4.7% of outstanding shares on the open market.
The timing, price and quantity of purchases will be at the discretion of the
corporation and the program may be discontinued or suspended at any
time.
The
shares would be available for general corporate purposes, which may include
future acquisitions, employee benefit plans, and the shareholder dividend
reinvestment plan. The current stock repurchase program approved by the
Executive Committee on January 18, 2006 is nearing completion, with
approximately 71,745 shares remaining under the 2006 authorization.
The
press
release is attached as Exhibit 99.1 to this report.
Item
9.01 Financial Statements and Exhibits
(d)
Exhibits 99.1 - Press release dated March 22, 2007 announcing the approval
of a
new stock repurchase program.
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.
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WesBanco,
Inc.
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(Registrant)
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Date:
March 22, 2007
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/s/
Paul M. Limbert |
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Paul
M. Limbert
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President
and Chief Executive Officer
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