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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Chesapeake Utilities Corporation | NYSE:CPK | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 107.14 | 0 | 01:00:00 |
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): | July 2, 2014 |
Chesapeake Utilities Corporation
__________________________________________
(Exact name of registrant as specified in its charter)
Delaware | 001-11590 | 51-0064146 |
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
909 Silver Lake Boulevard, Dover, Delaware | 19904 | |
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
Registrants telephone number, including area code: | 302.734.6799 |
Not Applicable
______________________________________________
Former name or former address, 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:
[ ] 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 July 2, 2014, Chesapeake Utilities Corporation (the "Company") issued a press release announcing that its Board of Directors approved a three-for-two stock split of the Company’s issued and outstanding common stock, par value $0.4867 per share (the "Common Stock"), to be effected in the form of a stock dividend (the "Stock Split"). Stockholders of record as of the close of business on August 13, 2014, the record date, will receive one additional share of Common Stock for every two shares of Common Stock owned. The shares issued as a result of the Stock Split will be distributed to stockholders of record on or about September 8, 2014. As a result of the Stock Split, the total number of shares of Common Stock outstanding will increase from approximately 9,700,000 shares to approximately 14,550,000 shares.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhbit 99.1 Press Release issued by Chesapeake Utilities Corporation, dated July 2, 2014.
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.
Chesapeake Utilities Corporation | ||||
July 3, 2014 | By: |
Beth W. Cooper
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Name: Beth W. Cooper | ||||
Title: Senior Vice President and Chief Financial Officer |
Exhibit Index
Exhibit No. | Description | |
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99.1
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99.1 Press Release issued by Chesapeake Utilities Corporation, dated July 2, 2014. |
FOR IMMEDIATE RELEASE:
July 2, 2014
NYSE Symbol: CPK
CHESAPEAKE UTILITIES CORPORATION
ANNOUNCES THREE-FOR-TWO STOCK SPLIT
Dover, Delaware Chesapeake Utilities Corporation (NYSE: CPK) today announced that its Board of Directors has approved a three-for-two stock split of the Companys outstanding common stock. The stock split will be effected in the form of a stock dividend entitling each stockholder as of the record date to receive one additional share of common stock for every two shares of common stock owned. The stock dividend will be issued on September 8, 2014 to all stockholders of record at the close of business on August 13, 2014.
The stock split highlights the exceptional value Chesapeake has delivered to stockholders over the long-term as well as the short-term. Our team has identified and executed upon many growth opportunities, which have led to profitable earnings growth, superior dividend growth and increased stockholder value, and we are excited about our prospects for continued growth, said Michael P. McMasters, President and Chief Executive Officer of Chesapeake Utilities Corporation. The decision to split the stock will also make the shares more affordable to current and potential investors and should lead to an increase in the trading volume of our stock.
The Companys last stock split was in 1989 when a three-for-two stock split occurred.
Chesapeake Utilities Corporation is a diversified energy company engaged in natural gas distribution, transmission and marketing; electricity distribution; propane gas distribution and wholesale marketing; advanced information services and other related services. Information about Chesapeake Utilities Corporation and the Chesapeake family of businesses is available at http://www.chpk.com or through our IR App. The IR App can be downloaded for free through the App Store on an iPhone or iPad, or Google Play on an Android mobile device, by searching for Chesapeake Utilities Corporation.
# # #
For more information, contact:
Beth W. Cooper
Senior Vice President & Chief Financial Officer
302.734.6799
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