Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
UVSP > SEC Filings for UVSP > Form 8-K on 1-Jul-2014All Recent SEC Filings

Show all filings for UNIVEST CORP OF PENNSYLVANIA

Form 8-K for UNIVEST CORP OF PENNSYLVANIA


1-Jul-2014

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events

On July 1, 2014, Univest Corporation of Pennsylvania (the "Corporation") and its insurance subsidiary, Univest Insurance, Inc., issued a press release announcing the acquisition of Sterner Insurance Associates, Inc., a full service firm providing insurance and consultative risk management solutions to individuals and businesses throughout the Lehigh Valley, Berks, Bucks and Montgomery counties.

The Corporation paid $3.9 million in cash and assumed liabilities of $0.9 million at closing with additional contingent consideration to be paid in annual installments over the three-year period ending June 30, 2017 based on the achievement of certain levels of revenue growth and EBITDA (earnings before interest, taxes, depreciation and amortization). The potential cash payments that could result from the contingent consideration arrangement range from $0 to a maximum of $5.7 million 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 July 1, 2014


  Add UVSP to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for UVSP - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.