<HTML>
<HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">
<DIV style="font-size: 10pt">
<DIV style="font-size: 1pt; width: 100%; border-bottom: black 2pt solid">&nbsp;</DIV>
<DIV style="font-size: 1pt; width: 100%; border-bottom: black 1pt solid">&nbsp;</DIV>

<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): March 18, 2009</B>

<P style="font-size: 24pt" align="center"><B>Pennichuck
Corporation<BR>
</B><FONT style="font-size: 10pt">(Exact name of registrant as
specified in its charter) </FONT>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="33%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="32%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>New Hampshire</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>0-18552</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>02-0177370</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

</TABLE>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="49%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>25 Manchester Street,
Merrimack, New Hampshire<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>03054</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(603) 882-5191</B>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="30%" border="0">

 <TR>
  <TD width="100%">&nbsp;</TD>
 </TR>
 <TR>
  <TD style="border-bottom: #000000 1px solid" nowrap><B>Not
Applicable<BR>
</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">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:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


<DIV style="margin-top: 10pt; font-size: 1pt; width: 100%; border-bottom: black 1pt solid">&nbsp;</DIV>
<DIV style="font-size: 1pt; width: 100%; border-bottom: black 2pt solid">&nbsp;</DIV>
</DIV>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">1
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV
style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

<P style="font-size: 10pt" align="left"><B>Item&nbsp;1.01 Entry into a Material
Definitive Agreement</B>

<P style="font-size: 10pt" align="left">Effective March&nbsp;18, 2009,
Pennichuck Corporation (the &#8220;Company&#8221;) and its largest shareholder
GAMCO Investors, Inc. (&#8220;GAMCO&#8221;), and the other affiliated Gabelli
group of companies and funds (collectively the &#8220;Gabelli Group&#8221;),
entered into a letter agreement (&#8220;Letter Agreement&#8221;).

<P style="font-size: 10pt" align="left">The Company had previously announced in
a Form 8-K filed with the Securities Exchange Commission on March&nbsp;4, 2009,
which is incorporated herein by reference, that effective as of March&nbsp;2,
2009 the Company amended its Rights Agreement to give the Board of Directors
the right, in its sole discretion, to determine if any Person (as defined in
the Rights Agreement) should be exempted from the 15% purchase limitation
specified in the definition of &#8220;Acquiring Person&#8221; under the Rights
Agreement, subject to certain terms and conditions that the Board of Directors
may establish regarding said exemption. Subject to the terms of the Letter
Agreement set forth in Exhibit 4.1 below, GAMCO and the Gabelli Group have been
granted an exemption to collectively purchase up to, but not equal to, 20% of
the Company&#8217;s outstanding shares of common stock.

<P style="font-size: 10pt" align="left">Pursuant to the terms of said Letter
Agreement, GAMCO has withdrawn its shareholder proposal for the
Company&#8217;s 2009 Annual Meeting of Shareholders, which will be held on
May&nbsp;6, 2009, (the &#8220;2009 Annual Meeting&#8221;) requesting that the
Company&#8217;s Board of Directors redeem the Company&#8217;s Rights Agreement.
In addition, GAMCO has also withdrawn its intent to nominate three candidates
for election as directors at the 2009 Annual Meeting.

<P style="font-size: 10pt" align="left">The Letter Agreement is described in
the Company&#8217;s March&nbsp;19, 2009 press release, which is attached as
Exhibit&nbsp;99.1 to this Current Report on Form 8-K and incorporated herein by
reference.&nbsp; The description of the Letter Agreement is qualified in its
entirety by reference to the Letter Agreement that is filed as Exhibit&nbsp;4.1
hereto and is incorporated by reference into this report. <BR>
&nbsp; <BR>
In
conjunction with the Letter Agreement, the Board of Directors of the
Company&nbsp;has agreed to expand the&nbsp;Board of Directors from 9 to
11&nbsp;directors effective as of the 2009 Annual Meeting of Shareholders on
May&nbsp;2, 2009 and has&nbsp;nominated Clarence A. Davis and Michael I. German
for election to three-year terms expiring at the Annual Meeting of Shareholders
in 2012.&nbsp; At the same time, the Board of Directors also has nominated
Stephen F. Bolander and Robert P. Keller, each an incumbent director, for
election to three-year terms expiring at the Annual Meeting of Shareholders in
2012 and nominated Joseph A. Bellavance, also an incumbent director, for
election to a two-year term expiring at the Annual Meeting of Shareholders in
2011. <BR>
&nbsp; <BR>
Per the Letter Agreement,&nbsp;GAMCO&nbsp;has agreed not
to solicit proxies or engage in a proxy contest at the 2009 Annual Meeting of
Shareholders and to appear at that meeting and vote in favor of all Board
nominees. <BR>
&nbsp; <BR>
If either Messrs.&nbsp;Davis or German is unable or
unwilling to serve at any point prior to the 2012 annual meeting, then, so long
as GAMCO&nbsp;owns at least 5% of the shares of the Company&#146;s common stock then
outstanding, GAMCO may nominate a replacement director, subject to the approval
of the Board of Directors of the Company, whose approval shall not be
unreasonably withheld, in accordance with the Board&#8217;s published Corporate
Governance and Nominating policies and procedures.

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">2
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV
style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

<P style="font-size: 10pt" align="left"><B>Item&nbsp;9.01. Financial Statements
and Exhibits.</B>

<P style="font-size: 10pt" align="left"><B>(d)&nbsp;Exhibits.</B>

<P style="font-size: 10pt" align="left">The following exhibit is furnished as
part of this Current Report on Form 8-K:
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="8%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="87%">&nbsp;</TD>
 </TR>
 <TR style="font-size: 10pt" valign="bottom">
  <TD style="border-bottom: #000000 1px solid" nowrap
align="left"><B>Exhibit&nbsp;No.</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid" nowrap
align="center"><B>Description</B></TD>
 </TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">4.1 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Letter Agreement, effective as of
March&nbsp;18, 2009, by and between Pennichuck Corporation and GAMCO Investors,
Inc. and its affiliated entities</TD>
 </TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">99.1 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Press Release &#8211; &#8220;Pennichuck
Corporation Announces Agreement With<BR>
Gabelli Group&#8221;</TD>
 </TR>
<!-- End Table Body -->

</TABLE>
</DIV>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">3
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

<P style="font-size: 10pt" align="center"><B>SIGNATURES</B>

<P style="font-size: 10pt" align="left">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.



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="48%">&nbsp;</TD>
  <TD width="4%">&nbsp;</TD>
  <TD width="48%">&nbsp;</TD>
 </TR>

<TR valign="bottom">
  <TD align="left">&nbsp;</TD>
  <TD colspan="2" align="left">PENNICHUCK CORPORATION<BR>
(Registrant)</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>


<TR valign="bottom">
  <TD align="left">Date: March&nbsp;19, 2009</TD>
  <TD align="left">By: </TD>
  <TD style="border-bottom: #000000 1px solid" align="left">/s/ Roland E. Olivier</TD>
</TR>


<TR valign="bottom">
  <TD align="left">&nbsp;</TD>
  <TD align="left">&nbsp;</TD>
  <TD align="left">Roland E. Olivier<BR>
General Counsel and Corporate Secretary</TD>
</TR>

</TABLE>
</DIV>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">4
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

<P style="font-size: 10pt" align="center"><B>EXHIBIT INDEX</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="8%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="87%">&nbsp;</TD>
 </TR>

 <TR style="font-size: 10pt" valign="bottom">
  <TD style="border-bottom: #000000 1px solid" nowrap align="left"><B>Exhibit&nbsp;No.</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid" nowrap align="center"><B>Description</B></TD>
 </TR>
<!-- End Table Head -->

<!-- Begin Table Body -->
 <TR valign="bottom">
  <TD valign="top">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
 </TR>

<TR valign="bottom">
  <TD valign="top">4.1</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Letter Agreement, effective as of March&nbsp;18, 2009, by and between Pennichuck Corporation and GAMCO Investors,
Inc. and its affiliated entities</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
  <TD valign="top">99.1</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Press Release &#8211; &#8220;Pennichuck Corporation Announces Agreement With Gabelli Group&#8221;</TD>
</TR>
<!-- End Table Body -->

</TABLE>
</DIV>


<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">5
</DIV>

</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "c82866e8vk.htm", "description": "FORM 8-K", "secsgml_size_bytes": 13162}]
{"company-data": {"conformed-name": "PENNICHUCK CORP", "cik": "0000788885", "assigned-sic": "4941", "irs-number": "020177370", "state-of-incorporation": "NH", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-18552", "film-number": "09694001"}, "business-address": {"street1": "25 MANCHESTER STREET", "city": "MERRIMACK", "state": "NH", "zip": "03054", "phone": "603-882-5191"}, "mail-address": {"street1": "25 MANCHESTER STREET", "city": "MERRIMACK", "state": "NH", "zip": "03054"}}
Form 8-K
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): March 18, 2009
Pennichuck
Corporation
(Exact name of registrant as
specified in its charter)
New Hampshire
0-18552
02-0177370
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
25 Manchester Street,
Merrimack, New Hampshire
03054
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
(603) 882-5191
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:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material
Definitive Agreement
Effective March 18, 2009,
Pennichuck Corporation (the "Company") and its largest shareholder
GAMCO Investors, Inc. ("GAMCO"), and the other affiliated Gabelli
group of companies and funds (collectively the "Gabelli Group"),
entered into a letter agreement ("Letter Agreement").
The Company had previously announced in
a Form 8-K filed with the Securities Exchange Commission on March 4, 2009,
which is incorporated herein by reference, that effective as of March 2,
2009 the Company amended its Rights Agreement to give the Board of Directors
the right, in its sole discretion, to determine if any Person (as defined in
the Rights Agreement) should be exempted from the 15% purchase limitation
specified in the definition of "Acquiring Person" under the Rights
Agreement, subject to certain terms and conditions that the Board of Directors
may establish regarding said exemption. Subject to the terms of the Letter
Agreement set forth in Exhibit 4.1 below, GAMCO and the Gabelli Group have been
granted an exemption to collectively purchase up to, but not equal to, 20% of
the Company's outstanding shares of common stock.
Pursuant to the terms of said Letter
Agreement, GAMCO has withdrawn its shareholder proposal for the
Company's 2009 Annual Meeting of Shareholders, which will be held on
May 6, 2009, (the "2009 Annual Meeting") requesting that the
Company's Board of Directors redeem the Company's Rights Agreement.
In addition, GAMCO has also withdrawn its intent to nominate three candidates
for election as directors at the 2009 Annual Meeting.
The Letter Agreement is described in
the Company's March 19, 2009 press release, which is attached as
Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by
reference.  The description of the Letter Agreement is qualified in its
entirety by reference to the Letter Agreement that is filed as Exhibit 4.1
hereto and is incorporated by reference into this report.
In
conjunction with the Letter Agreement, the Board of Directors of the
Company has agreed to expand the Board of Directors from 9 to
11 directors effective as of the 2009 Annual Meeting of Shareholders on
May 2, 2009 and has nominated Clarence A. Davis and Michael I. German
for election to three-year terms expiring at the Annual Meeting of Shareholders
in 2012.  At the same time, the Board of Directors also has nominated
Stephen F. Bolander and Robert P. Keller, each an incumbent director, for
election to three-year terms expiring at the Annual Meeting of Shareholders in
2012 and nominated Joseph A. Bellavance, also an incumbent director, for
election to a two-year term expiring at the Annual Meeting of Shareholders in
2011.
Per the Letter Agreement, GAMCO has agreed not
to solicit proxies or engage in a proxy contest at the 2009 Annual Meeting of
Shareholders and to appear at that meeting and vote in favor of all Board
nominees.
If either Messrs. Davis or German is unable or
unwilling to serve at any point prior to the 2012 annual meeting, then, so long
as GAMCO owns at least 5% of the shares of the Company's common stock then
outstanding, GAMCO may nominate a replacement director, subject to the approval
of the Board of Directors of the Company, whose approval shall not be
unreasonably withheld, in accordance with the Board's published Corporate
Governance and Nominating policies and procedures.
Item 9.01. Financial Statements
and Exhibits.
(d) Exhibits.
The following exhibit is furnished as
part of this Current Report on Form 8-K:
Exhibit No.
Description
4.1
Letter Agreement, effective as of
March 18, 2009, by and between Pennichuck Corporation and GAMCO Investors,
Inc. and its affiliated entities
99.1
Press Release – "Pennichuck
Corporation Announces Agreement With
Gabelli Group"
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.
PENNICHUCK CORPORATION
(Registrant)
Date: March 19, 2009
By:
/s/ Roland E. Olivier
Roland E. Olivier
General Counsel and Corporate Secretary
EXHIBIT INDEX
Exhibit No.
Description
4.1
Letter Agreement, effective as of March 18, 2009, by and between Pennichuck Corporation and GAMCO Investors,
Inc. and its affiliated entities
99.1
Press Release – "Pennichuck Corporation Announces Agreement With Gabelli Group"