Details about Wilber Corp. holdings and a dividend were included in documents filed by the company with the Securities and Exchange Commission this week.
On Friday, the company declared a special dividend of 3 cents per share payable April 22 to stockholders of record April 7. According to the annual report filed, as of Feb. 22, there were 10,719,382 shares of stock outstanding.
At Friday's meeting, the holders of 8,930,150 shares of Wilber stock, or 83.3 percent, voted in favor of the merger of Wilber National Bank into Community Bank System Inc. A two-thirds vote was needed to approve the merger. Wilber Bank will close April 8 and reopen as Community Bank on April 11.
The company's 12 directors and executives own stock individually, and as a group they own 4,013,102 shares, or 37.44 percent, the report said. Brian Wright, director and chairman of the corporation and bank, owns 3,536,944 shares, or 33 percent, and David F. Wilber III, owns 264,361, or 2.47 percent. Each of the other 10 directors or executives owns less than 1 percent of outstanding shares.
Wilber National Bank, serving as trustee to about 50 accounts, owns 694,427 shares, or 6.48 percent. The A.E. and A.T. Farone Foundation owns 808,420 shares or 7.54 percent; the foundation, established in 1965, provides academic scholarships for students attending Catholic University in Washington, D.C.
Community Bank System is paying $101.8 million, or $9.50 per share, for the Wilber Corp.
Dairy lots to be auctioned Saturday
SUNY Cobleskill students are having a dairy fashions sale Saturday.
The 30th annual Dairy Cattle Club's Dairy Fashions Sale will present about 90 cows and about 20 embryos for auction in a fundraiser.
John Tryon, professor of animal science at the State University College of Agriculture and Technology, said as far as he knows the event is the longest-running student-organized sale in the nation. Students learn animal management and presentation and marketing, organizing and team-building skills through planning the event, which takes about six months, he said Tuesday.
"It's a great learning experience," club adviser Tryon said.
The sale, which this year is part of SUNY Cobleskill's Centennial Celebration, will be at the college's Equestrian Center at 11 a.m.
At last year's sale, 127 lots were sold for a total of $227,025, with the top price at $7,500 and an average price of $1,980, this year's catalog said.
Last year, the sale raised about $6,000 for the club, Tryon said, and this year, efforts have been made to cut expenses to raise net proceeds. The proceeds go toward club scholarships, trips and activities.
Farmers from New York, Maine, Connecticut, Massachusetts and Pennsylvania consign lots for sale, Tryon said.
Healing workshop offered in Oneonta
Oneonta Wellness, an online business, will present a workshop for healers and non-healers, a media release said.
Simon Hay, a healer, medium and writer from Australia, will lead the seminar from 10 a.m. to 5 p.m. April 10. The workshop will be in the Waterfront Room of the Hunt College Union at the State University College at Oneonta.
The cost is $100 with pre-registration and $120 at the door, the release said.
Simon also will offer healing appointments in downtown Oneonta on April 6 to 9 and 11 to 15. For more information, visit Oneontawellness.com, send an e-mail to Jenny Mannion at email@example.com or call her at 437-7867.
To suggest a business story, announce a new business or changes to an existing one, e-mail details to firstname.lastname@example.org or call Denise Richardson at 432-1000 or (800) 721-1000, ext. 213.