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) April 23, 2002
FRANKLIN FINANCIAL SERVICES CORPORATION
(Exact name of registrant as specified in its new charter)
Pennsylvania 0-12126 23-144083
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Indent. No.)
20 South Main Street, Chambersburg, PA 17201
(Address of principal executive office) (Zip Code)
(717) 264-6116
Registrant's telephone number, including area code
N/A
(Former name or former address, if changes since last report)
Item 5. Other Events.
The press release of Franklin Financial Services
Corporation dated April 23, 2002 and attached hereto as
Exhibit 99, which press release relates to the election of
Charles M. Sioberg as Vice Chairman of the Board of the
Corporation and his designation as the successor to Robert G.
Zullinger as Chairman of the Board in December 2002 when
Mr. Zullinger retires upon reaching the corporation's mandatory
retirement age, is incorporated by reference herein.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
The following exhibits are filed herewith:
Number Description Page Number
99 Press Release, dated April 23, 2002 3
of Franklin Financial Services
Corporation
SIGNATURES
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.
FRANKLIN FINANCIAL
SERVICES CORPORATION
By:/s/ William E. Snell Jr
William E. Snell, Jr.,
President and
Chief Executive Officer
Dated: April 26, 2002
PRESS RELEASE
For Immediate Release News Release - April 23, 2002
Franklin Financial Services Corporation
Kenneth C. Ditzler (717) 261-3665
Sioberg named Franklin Financial Vice Chairman
(CHAMBERSBURG) The Board of Directors of Franklin Financial
Services Corporation today elected Charles M. "Chuck" Sioberg as
Vice Chairman.
Sioberg is presently co-owner of Martin & Martin, Inc., an
engineering and planning firm located in Chambersburg. He
joined the board in 1982 and is involved in a number of
community organizations including the Chambersburg Area
Development Corporation (CADC), the Greater Chambersburg 21st
Century Partnership, and Franklin County Area Development
Corporation where he serves as chairman. Sioberg also serves on
several advisory boards to Shippensburg University.
The Board of Directors determined that an individual should
be elected to the position of Vice Chairman to facilitate a
smooth transition when Board Chairman Robert Zullinger retires
from the Board in December 2002, upon his reaching the
corporation's mandatory retirement age. Sioberg will succeed
Zullinger as chairman of both Franklin Financial and F&M Trust.
Sioberg's election came at the annual reorganizational
meeting which followed the Annual Shareholders meeting. At the
Annual Shareholders meeting, shareholders reelected G. Warren
Elliott; Dennis W. Good, Jr.; William E. Snell, Jr.; Martha B.
Walker; and Robert G. Zullinger to the Board of Directors for
three-year terms. In addition, shareholders also approved the
Incentive Stock Option Plan of 2002. Approximately 350
shareholders and guests attended the meeting held at the
Lighthouse Restaurant in Chambersburg.
Franklin Financial is the largest independent, locally
owned and operated bank holding company in Franklin County with
assets of approximately $515 million. Its wholly-owned
subsidiary, F&M Trust Company, has thirteen community banking
offices located throughout Cumberland and Franklin Counties in
Boiling Springs, Carlisle, Chambersburg, Mont Alto, Marion,
Newville, Shippensburg and Waynesboro.