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UVSP > SEC Filings for UVSP > Form 8-K on 2-May-2013All Recent SEC Filings

Show all filings for UNIVEST CORP OF PENNSYLVANIA | Request a Trial to NEW EDGAR Online Pro

Form 8-K for UNIVEST CORP OF PENNSYLVANIA


2-May-2013

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events

On May 1, 2013, Univest Corporation of Pennsylvania (the "Corporation") and its insurance subsidiary, Univest Insurance, Inc., issued a press release announcing the acquisition of John T. Fretz Insurance Agency, Inc., a full-service property and casualty insurance agency providing solutions to both personal and commercial clients.

The Corporation paid $2.2 million in cash at closing with additional contingent consideration to be paid in annual installments over the three-year period ending April 30, 2016 based on the achievement of certain levels of revenue. The potential cash payments that could result from the contingent consideration arrangement range from $0 to a maximum of $930 thousand cumulative over the next three years. A copy of this press release is attached to this Current Report on Form 8-K as Exhibit 99.1.



Item 9.01 Financial Statements and Exhibits.

(a) Not applicable

(b) Not applicable

(c) Not applicable

(d) Exhibits

Exhibit No.       Description of Document

99.1              Press release issued by Univest Corporation of Pennsylvania on
                  May 1, 2013


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