<HTML>
<HEAD>
<TITLE>Form 8-K</TITLE>
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<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section&nbsp;13 OR 15(d) of The Securities Exchange Act of 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Date of Report (Date of earliest event reported): April 20, 2009</B></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Park National Corporation</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>

<DIV align="center">
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<TD width="32%">&nbsp;</TD>
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<TD nowrap align="center" valign="top"><B>Ohio
</B></TD>
<TD>&nbsp;</TD>
<TD align="center" valign="top"><B>1-13006
</B></TD>
<TD>&nbsp;</TD>
<TD align="center" valign="top"><B>31-1179518</B></TD>
</TR>
<TR style="font-size: 1px">
<TD valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD valign="top" align="left">&nbsp;</TD>
<TD valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD valign="top" align="left">&nbsp;</TD>
<TD valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" valign="top">(State or other jurisdiction<BR>
of incorporation)
</TD>
<TD>&nbsp;</TD>
<TD align="center" valign="top">(Commission File Number)
</TD>
<TD>&nbsp;</TD>
<TD align="center" valign="top">(IRS Employer Identification No.)</TD>
</TR>
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</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
<TD width="48%">&nbsp;</TD>
<TD width="2%">&nbsp;</TD>
<TD width="48%">&nbsp;</TD>
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<TD align="center" valign="top"><B><BR>
50 North Third Street, P.O. Box 3500,<BR> Newark, Ohio
</B></TD>
<TD>&nbsp;</TD>
<TD align="center" valign="top"><B>&nbsp;<BR><BR>43058-3500</B></TD>
</TR>
<TR style="font-size: 1px">
<TD valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD valign="top" align="left">&nbsp;</TD>
<TD valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" valign="top">(Address of principal executive offices)
</TD>
<TD>&nbsp;</TD>
<TD align="center" valign="top">(Zip Code)</TD>
</TR>
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</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Registrant&#146;s telephone number, including area code: <B>(740) 349-8451</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Not Applicable</B></DIV>

<DIV align="center" style="font-size: 10pt"><FONT style="border-top: 1px solid #000000">(Former name or former address, if changed since last report.)</FONT></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">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: </DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="3%" nowrap align="left"><FONT face="wingdings" size="2">&#111;</FONT></TD>
<TD width="1%">&nbsp;</TD>
<TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="3%" nowrap align="left"><FONT face="wingdings" size="2">&#111;</FONT></TD>
<TD width="1%">&nbsp;</TD>
<TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="3%" nowrap align="left"><FONT face="wingdings" size="2">&#111;</FONT></TD>
<TD width="1%">&nbsp;</TD>
<TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="3%" nowrap align="left"><FONT face="wingdings" size="2">&#111;</FONT></TD>
<TD width="1%">&nbsp;</TD>
<TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD>
</TR>

</TABLE>
</DIV>

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

<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio --> </DIV>
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<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><U>Item&nbsp;2.02 &#151; Results of Operations and Financial Condition</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">On April&nbsp;20, 2009, Park National Corporation (&#147;Park&#148;) issued a news release (the &#147;Operating
Results News Release&#148;) announcing operating results for the three months ended March&nbsp;31, 2009. A
copy of this Operating Results News Release is included as Exhibit&nbsp;99.1 to this Current Report on
Form 8-K and incorporated by reference herein.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Park&#146;s management uses certain non-GAAP (generally accepted accounting principles) financial
measures to evaluate Park&#146;s performance. Specifically, management reviews return on average
tangible realized common equity and return on average tangible assets. Management has included in
the Operating Results News Release information relating to the return on average tangible realized
common equity and return on average tangible assets for the three-month periods ended March&nbsp;31,
2009 and 2008. For purpose of calculating the return on average tangible realized common equity, a
non-GAAP financial measure, net income available to common shareholders for each period is divided
by average tangible realized common equity during the period. Average tangible realized common
equity equals average stockholders&#146; equity during the applicable period less (i)&nbsp;average goodwill
and other intangible assets during the period, (ii)&nbsp;average accumulated other comprehensive income
(loss), net of taxes, during the period, and (iii)&nbsp;average preferred stock. For the purpose of
calculating the return on average tangible assets, a non-GAAP financial measure, net income
available to common shareholders for each period is divided by average tangible assets during the
period. Average tangible assets equals average assets during the applicable period less average
goodwill and other intangible assets during the applicable period. Management believes that return
on average tangible realized common equity presents additional information to the reader of the
consolidated financial statements, which, when read in conjunction with the consolidated financial
statements prepared in accordance with GAAP, assist in analyzing Park&#146;s operating performance and
ensures comparability of operating performance from period to period while eliminating certain
non-operational effects of acquisitions and unrealized gains and losses arising from mark-to-market
accounting for the fair market value of investment securities. In the Operating Results News
Release, Park has provided a reconciliation of average tangible realized common equity to average
stockholders&#146; equity, as well as average tangible assets to average assets solely for the purpose
of complying with SEC Regulation&nbsp;G and not as an indication that return on average tangible
realized common equity or return on average tangible assets are a substitute for return on average
equity or return on average assets as determined by GAAP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><U>Item&nbsp;5.02 &#151; Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">On April&nbsp;20, 2009, Park issued a second news release (the &#147;Changes in Directors News Release&#148;)
announcing the retirement of J. Gilbert Reese from the Boards of Directors of Park and The Park
National Bank (a wholly-owned subsidiary of Park), effective that day. Mr.&nbsp;Reese has served on the
Park Board of Directors since 1987, when the corporation was founded. Mr.&nbsp;Reese served in the
class of directors whose terms will expire in 2010. Further, he has served on the Board of
Directors of The Park National Bank for 44&nbsp;years. The Board of Directors of The Park National Bank
also named Mr.&nbsp;Reese as a Director Emeritus of the Bank, effective April&nbsp;20, 2009. A copy of the
Changes in Directors News Release is included as Exhibit&nbsp;99.2 to this Form 8-K and incorporated by
reference herein.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">On April&nbsp;20, 2009, the Park Board of Directors, upon the recommendation of the Nominating
Committee, elected Sarah Reese Wallace to fill the vacancy in the class of directors whose terms
will expire in 2010, created by the retirement of her father J. Gilbert Reese, effective that day.
Ms.&nbsp;Wallace has served as a director of The Park National Bank since 2008 and also serves as
chairman and a director of First Federal Savings and Loan Association, based in Newark, Ohio, where
she served as president from 1982 to 1999.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Park Board of Directors has determined that Ms.&nbsp;Wallace and her immediate family members
(i)&nbsp;have and have had no relationship with Park or any of Park&#146;s subsidiaries, either directly or
indirectly, including, without limitation, any commercial, industrial, banking, consulting, legal,
accounting, charitable or family relationship, and (ii)&nbsp;have had no transactions (and presently do
not expect to have any transactions) with Park or any of Park&#146;s subsidiaries, either directly or
indirectly, that would be inconsistent with a determination that Ms.&nbsp;Wallace satisfies the
independence standards specified in the applicable sections of the NYSE Amex Company Guide and the
applicable rules and regulations of the Securities and Exchange Commission (the &#147;SEC&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">During Park&#146;s fiscal year ended December&nbsp;31, 2008, Ms.&nbsp;Wallace, members of her immediate
family and firms, corporations or other entities with which they are affiliated, were customers of
and had banking transactions with one or more of Park&#146;s subsidiary banks and/or their respective
divisions in the ordinary course of business and in compliance with applicable federal and state
laws and regulations. It is expected that similar banking transactions will be entered into in the
future.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Changes in Directors News Release, included as Exhibit&nbsp;99.2 to this Current Report on Form
8-K, also announces the election of Sarah Reese Wallace to the Park Board of Directors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><U>Item&nbsp;8.01 &#151; Other Events</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><U>Declaration of Cash Dividend</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">As reported in the Operating Results News Release, on April&nbsp;20, 2009, the Park Board of
Directors declared a $0.94 per share regular quarterly cash dividend in respect of Park&#146;s common
shares. The dividend is payable on June&nbsp;10, 2009 to common shareholders of record as of the close
of business on May&nbsp;27, 2009. A copy of the News Release is included as Exhibit&nbsp;99.1 and
incorporated by reference herein.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><U>Item&nbsp;9.01 &#151; Financial Statements and Exhibits.</U>
</DIV>


<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Not applicable</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Not applicable</TD>
</TR>

</TABLE>
</DIV>

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

<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Not applicable</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Exhibits</U>. The following exhibits are included with this Current Report
on Form 8-K:</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="77%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

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<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">News Release issued by Park National
Corporation on April&nbsp;20, 2009 addressing operating results for the
three months ended March&nbsp;31, 2009.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">News Release issued by Park National
Corporation on April&nbsp;20, 2009 addressing the retirement of J. Gilbert
Reese as a director and the election of Sarah Reese Wallace as a
director.</DIV></TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt">&#091;Remainder of page intentionally left blank;<BR>
signature on following page.&#093;
</DIV>


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

<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<DIV align="center" style="font-size: 10pt; margin-top: 10pt">SIGNATURE
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">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>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">PARK NATIONAL CORPORATION<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Dated: April 20, 2009&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ John W. Kozak&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">John W. Kozak&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

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

<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

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<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt">INDEX TO EXHIBITS
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Current Report on Form&nbsp;8-K<BR>
Dated April&nbsp;20, 2009
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Park National Corporation
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="77%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">News Release issued by Park National Corporation on April&nbsp;20,
2009 addressing operating results for the three months ended
March&nbsp;31, 2009.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">News Release issued by Park National Corporation on April&nbsp;20,
2009 addressing the retirement of J. Gilbert Reese as a
director and the election of Sarah Reese Wallace as a
director.</DIV></TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>



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

<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>



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{"company-data": {"conformed-name": "PARK NATIONAL CORP /OH/", "cik": "0000805676", "assigned-sic": "6021", "irs-number": "311179518", "state-of-incorporation": "OH", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-13006", "film-number": "09759412"}, "business-address": {"street1": "50 NORTH THIRD ST", "city": "NEWARK", "state": "OH", "zip": "43055", "phone": "6143498451"}, "mail-address": {"street1": "P O BOX 3500", "city": "NEWARK", "state": "OH", "zip": "43058-3500"}}
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): April 20, 2009
Park National Corporation
(Exact name of registrant as specified in its charter)
Ohio
1-13006
31-1179518
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
50 North Third Street, P.O. Box 3500,
Newark, Ohio
43058-3500
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code:
(740) 349-8451
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 2.02 — Results of Operations and Financial Condition
On April 20, 2009, Park National Corporation ("Park") issued a news release (the "Operating
Results News Release") announcing operating results for the three months ended March 31, 2009. A
copy of this Operating Results News Release is included as Exhibit 99.1 to this Current Report on
Form 8-K and incorporated by reference herein.
Park's management uses certain non-GAAP (generally accepted accounting principles) financial
measures to evaluate Park's performance. Specifically, management reviews return on average
tangible realized common equity and return on average tangible assets. Management has included in
the Operating Results News Release information relating to the return on average tangible realized
common equity and return on average tangible assets for the three-month periods ended March 31,
2009 and 2008. For purpose of calculating the return on average tangible realized common equity, a
non-GAAP financial measure, net income available to common shareholders for each period is divided
by average tangible realized common equity during the period. Average tangible realized common
equity equals average stockholders' equity during the applicable period less (i) average goodwill
and other intangible assets during the period, (ii) average accumulated other comprehensive income
(loss), net of taxes, during the period, and (iii) average preferred stock. For the purpose of
calculating the return on average tangible assets, a non-GAAP financial measure, net income
available to common shareholders for each period is divided by average tangible assets during the
period. Average tangible assets equals average assets during the applicable period less average
goodwill and other intangible assets during the applicable period. Management believes that return
on average tangible realized common equity presents additional information to the reader of the
consolidated financial statements, which, when read in conjunction with the consolidated financial
statements prepared in accordance with GAAP, assist in analyzing Park's operating performance and
ensures comparability of operating performance from period to period while eliminating certain
non-operational effects of acquisitions and unrealized gains and losses arising from mark-to-market
accounting for the fair market value of investment securities. In the Operating Results News
Release, Park has provided a reconciliation of average tangible realized common equity to average
stockholders' equity, as well as average tangible assets to average assets solely for the purpose
of complying with SEC Regulation G and not as an indication that return on average tangible
realized common equity or return on average tangible assets are a substitute for return on average
equity or return on average assets as determined by GAAP.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers
On April 20, 2009, Park issued a second news release (the "Changes in Directors News Release")
announcing the retirement of J. Gilbert Reese from the Boards of Directors of Park and The Park
National Bank (a wholly-owned subsidiary of Park), effective that day. Mr. Reese has served on the
Park Board of Directors since 1987, when the corporation was founded. Mr. Reese served in the
class of directors whose terms will expire in 2010. Further, he has served on the Board of
Directors of The Park National Bank for 44 years. The Board of Directors of The Park National Bank
also named Mr. Reese as a Director Emeritus of the Bank, effective April 20, 2009. A copy of the
Changes in Directors News Release is included as Exhibit 99.2 to this Form 8-K and incorporated by
reference herein.
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On April 20, 2009, the Park Board of Directors, upon the recommendation of the Nominating
Committee, elected Sarah Reese Wallace to fill the vacancy in the class of directors whose terms
will expire in 2010, created by the retirement of her father J. Gilbert Reese, effective that day.
Ms. Wallace has served as a director of The Park National Bank since 2008 and also serves as
chairman and a director of First Federal Savings and Loan Association, based in Newark, Ohio, where
she served as president from 1982 to 1999.
The Park Board of Directors has determined that Ms. Wallace and her immediate family members
(i) have and have had no relationship with Park or any of Park's subsidiaries, either directly or
indirectly, including, without limitation, any commercial, industrial, banking, consulting, legal,
accounting, charitable or family relationship, and (ii) have had no transactions (and presently do
not expect to have any transactions) with Park or any of Park's subsidiaries, either directly or
indirectly, that would be inconsistent with a determination that Ms. Wallace satisfies the
independence standards specified in the applicable sections of the NYSE Amex Company Guide and the
applicable rules and regulations of the Securities and Exchange Commission (the "SEC").
During Park's fiscal year ended December 31, 2008, Ms. Wallace, members of her immediate
family and firms, corporations or other entities with which they are affiliated, were customers of
and had banking transactions with one or more of Park's subsidiary banks and/or their respective
divisions in the ordinary course of business and in compliance with applicable federal and state
laws and regulations. It is expected that similar banking transactions will be entered into in the
future.
The Changes in Directors News Release, included as Exhibit 99.2 to this Current Report on Form
8-K, also announces the election of Sarah Reese Wallace to the Park Board of Directors.
Item 8.01 — Other Events
Declaration of Cash Dividend
As reported in the Operating Results News Release, on April 20, 2009, the Park Board of
Directors declared a $0.94 per share regular quarterly cash dividend in respect of Park's common
shares. The dividend is payable on June 10, 2009 to common shareholders of record as of the close
of business on May 27, 2009. A copy of the News Release is included as Exhibit 99.1 and
incorporated by reference herein.
Item 9.01 — Financial Statements and Exhibits.
(a)
Not applicable
(b)
Not applicable
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(c)
Not applicable
(d)
Exhibits
. The following exhibits are included with this Current Report
on Form 8-K:
Exhibit No.
Description
99.1
News Release issued by Park National
Corporation on April 20, 2009 addressing operating results for the
three months ended March 31, 2009.
99.2
News Release issued by Park National
Corporation on April 20, 2009 addressing the retirement of J. Gilbert
Reese as a director and the election of Sarah Reese Wallace as a
director.
[Remainder of page intentionally left blank;
signature on following page.]
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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.
PARK NATIONAL CORPORATION
Dated: April 20, 2009
By:
/s/ John W. Kozak
John W. Kozak
Chief Financial Officer
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INDEX TO EXHIBITS
Current Report on Form 8-K
Dated April 20, 2009
Park National Corporation
Exhibit No.
Description
99.1
News Release issued by Park National Corporation on April 20,
2009 addressing operating results for the three months ended
March 31, 2009.
99.2
News Release issued by Park National Corporation on April 20,
2009 addressing the retirement of J. Gilbert Reese as a
director and the election of Sarah Reese Wallace as a
director.
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