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) May 31, 2012
UNIVEST CORPORATION OF PENNSYLVANIA
(Exact name of registrant as specified in its charter)
| Pennsylvania | 0-7617 | 23-1886144 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
14 North Main Street, Souderton, Pennsylvania 18964
(Address of principal executive office)(Zip Code)
Registrant’s telephone number, including area code (215) 721-2400
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 (see General Instruction A.2. below):
| ¨ | 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 May 31, 2012, Univest Corporation of Pennsylvania (the “Corporation”) and its insurance subsidiary, Univest Insurance, Inc., issued a press release announcing the acquisition of the Javers Group, a full-service employee benefits agency that specializes in comprehensive human resource management, payroll and administrative services to businesses with 50 to 1,000 employees.
Approximately $3.2 million was paid at closing with the remaining purchase price to be paid in annual installments over the three year period ended June 30, 2015 based on the achievement of certain levels of pre-tax income. The total purchase price will not exceed $5.0 million. 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 |
Description of Document | |
| 99.1 | Press release issued by Univest Corporation of Pennsylvania on May 31, 2012 | |
SIGNATURE
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.
| Univest Corporation of Pennsylvania | ||
| By: | /s/ Jeffrey M. Schweitzer | |
| Name: | Jeffrey M. Schweitzer | |
| Title: | Senior Executive Vice President and | |
| Chief Financial Officer (Principal Financial & Accounting Officer) | ||
June 1, 2012
EXHIBIT INDEX
| Exhibit |
Description of Document | |
| 99.1 | Press release issued by Univest Corporation of Pennsylvania on May 31, 2012. | |