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| PEBO > SEC Filings for PEBO > Form 8-K on 24-Apr-2009 | All Recent SEC Filings |
24-Apr-2009
Results of Operations and Financial Condition, Other Events
Conference Call to Discuss Earnings:
On April 21, 2009, management of Peoples Bancorp Inc. ("Peoples") conducted a
facilitated teleconference call beginning at approximately 11:00 a.m., Eastern
Daylight Savings Time, to discuss results of operations for the quarterly period
ended March 31, 2009. A replay of the conference call audio will be available on
Peoples' website, www.peoplesbancorp.com, in the "Investor Relations" section
for one year. A copy of the transcript of the teleconference call is included as
Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by
reference.
Annual Meeting of Shareholders:
On April 23, 2009, Peoples held its 2009 Annual Meeting of Shareholders (the
"2009 Annual Meeting"). During the 2009 Annual Meeting, Peoples' 2008 results of
operations and financial performance were reviewed. A copy of the PowerPoint
slide presentation that Peoples used at the 2009 Annual Meeting is included with
this Current Report as Exhibit 99.2 and incorporated herein by reference solely
for purposes of this Item 2.02 disclosure. Peoples has posted the PowerPoint
slide presentation on its website, www.peoplesbancorp.com, in the "Investor
Relations" section.
The information contained in this Item 2.02 disclosure and Exhibits 99.1 and 99.2 included with this Current Report, is being furnished pursuant to Item 2.02 and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall such information be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as otherwise stated in such filing.
On April 23, 2009, Peoples held its 2009 Annual Meeting. At the 2009 Annual Meeting, Carl L. Baker, Jr., George W. Broughton, Wilford D. Dimit, and Richard Ferguson were re-elected by the shareholders as directors of Peoples for three-year terms expiring in 2012.
In addition, at the 2009 Annual Meeting, the shareholders ratified the appointment of Ernst & Young LLP as Peoples' independent registered public accounting firm for the fiscal year ending December 31, 2009; and the shareholders approved, in a non-binding advisory vote, Peoples' executive compensation as disclosed in Peoples' proxy statement for the 2009 Annual Meeting.
Certain statements in this Current Report on Form 8-K, including Exhibit 99.1 and Exhibit 99.2 included with this Current Report, which are not historical fact are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act, and the Private Securities Litigation Reform Act of 1995. Words such as "expects," "believes," "plans," "will," "would," "should," "could" and similar expressions are intended to identify these forward-looking statements but are not the exclusive means of identifying such statements. These forward-looking statements reflect management's current expectations based on all information available and its knowledge of Peoples' business and operations. Additionally, Peoples' financial condition, results of operations, plans, objectives, future performance and business are subject to risks and uncertainties that may cause actual results to differ materially. These factors include, but are not limited to:
(1) continued deterioration in the credit quality of Peoples' loan portfolio
could occur due to a number of factors, such as adverse changes in economic
conditions that impair the ability of borrowers to repay their loans, the
underlying value of the collateral could prove less valuable than otherwise
assumed and assumed cash flows may be less favorable than expected, which may
adversely impact the provision for loan losses; (2) competitive pressures among
financial institutions or from non-financial institutions, which may increase
significantly; (3) changes in the interest rate environment which may adversely
impact interest margins; (4) changes in prepayment speeds, loan originations and
sale volumes, charge-offs and loan loss provisions, which may be less favorable
than expected and adversely impact the amount of interest income generated; (5)
general economic conditions and weakening in the economy, specifically the real
estate market, either national or in the states in which Peoples and its
subsidiaries do business, which may be less favorable than expected;
(6) political developments, wars or other hostilities which may disrupt or
increase volatility in securities markets or other economic conditions; (7)
legislative or regulatory changes or actions, which may adversely affect the
business of Peoples or its subsidiaries; (8) adverse changes in the conditions
and trends in the financial markets, which may adversely affect the fair value
of securities within Peoples' investment portfolio; (9) a delayed or incomplete
resolution of regulatory issues that could arise; (10) Peoples' ability to
receive dividends from its subsidiaries; (11) the impact of larger or smaller
financial institutions encountering problems, which may adversely affect the
banking industry and/or Peoples; (12) changes in accounting standards, policies,
estimates or procedures, which may impact Peoples' reported financial condition
or results of operations; (13) Peoples' ability to maintain required capital
levels and adequate sources of funding and liquidity; (14) the impact of
reputational risk created by the developments discussed above on such matters as
business generation and retention, funding and liquidity; (15) the costs and
effects of regulatory and legal developments, including the outcome of
regulatory or other governmental inquiries and legal proceedings and results of
regulatory examinations; and (16) other risk factors relating to the banking
industry or Peoples as detailed from time to time in Peoples' reports filed with
the Securities and Exchange Commission. All forward-looking statements speak
only as of the execution date of this Current Report on Form 8-K and are
expressly qualified in their entirety by the cautionary statements. Although
management believes the expectations in these forward-looking statements are
based on reasonable assumptions within the bounds of management's knowledge of
Peoples' business and operations, it is possible that actual results may differ
materially from these projections. Additionally, Peoples undertakes no
obligation to update these forward-looking statements to reflect events or
circumstances after the date of this Current Report on Form 8-K or to reflect
the occurrence of unanticipated events except as may be required by applicable
legal requirements.
Item 9.01. Financial Statements and Exhibits.
(a) - (c) Not applicable
(d) Exhibits:
Exhibit No. Description
99.1 Transcript of teleconference call conducted by management of Peoples
Bancorp Inc. on April 21, 2009
99.2 PowerPoint slide presentation used by Peoples Bancorp
Inc. at the 2009 Annual Meeting of Shareholders held on April 23, 2009
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