|
Quotes & Info
|
| WSBC > SEC Filings for WSBC > Form 8-K on 18-Dec-2008 | All Recent SEC Filings |
18-Dec-2008
Temporary Suspension of Trading Under Registrant's Employee Benefit Plans, Financial
The WesBanco, Inc. KSOP Plan and the WesBanco, Inc. Deferred Compensation Plan ("Plans") will remove two investment funds from the Plans and replace with two alternative investment funds effective January 30, 2009. As a result of this change, the Plans will enter a blackout period beginning at 4:00 PM on January 22, 2009 Eastern Time continuing through January 29, 2009. During this blackout period, Plan participants will be unable to access their accounts, including being unable to direct or diversify their investments, change their contribution rate, obtain a loan, or obtain a hardship withdrawal or distribution from the Plan. Since the Plans include Wesbanco common stock as an investment option, a similar black out period will be in effect for directors and officers with respect to trading in Wesbanco common stock during that period.
As required under Section 306(a) (1) of the Sarbanes-Oxley Act of 2002 and Rule 104 of the Securities and Exchange Commission's Regulation BTR, on December 18, 2008, WesBanco sent a notice ("Notice") to its directors and executive officers informing them of the changes to the Plans and the related Blackout Period. The Notice states that, among other things, pursuant to Section 306(a) of the Sarbanes-Oxley Act of 2002, WesBanco's directors and executive officers will be prohibited from directly or indirectly purchasing, selling or otherwise acquiring or transferring shares of WesBanco's common stock and certain derivative securities during the Blackout Period, unless such transaction is exempt under Regulation BTR of the Securities Exchange Act of 1934.
During the Blackout Period and for two years after the end date thereof, a stockholder or other interested person may obtain, without charge, information regarding the Blackout Period, including the actual end date of the Blackout Period, by contacting Linda Woodfin at (304) 234-9000.
A copy of the Notice is attached as Exhibit 99.1 and incorporated herein by reference.
d) Exhibits - 99.1 - Form of Notice sent to Directors and Executive Officers of WesBanco, Inc.,
|
|