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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): November 16, 2010


SALEM COMMUNICATIONS CORPORATION

 (Exact Name of Registrant as Specified in its Charter)


[form8kdividendfinal111620001.jpg]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Delaware

 

000-26497

 

77-0121400

(State or Other Jurisdiction

 

(Commission

 

(IRS Employer

of Incorporation)

 

File Number)

 

Identification No.)


 

 

 

 

 

 

 

 

 

4880 Santa Rosa Road, Camarillo, California

 

93012

(Address of Principal Executive Offices)

 

(Zip Code)



Registrant’s telephone number, including area code: (805) 987-0400


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:


      [   ]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))







TABLE OF CONTENTS


ITEM 8.01

Other Events


ITEM 9.01(d)

Financial Statements and Exhibits


SIGNATURE


EXHIBIT INDEX


EXHIBIT 99.1






ITEM 8.01

Other Events.


Salem Communications Corporation (the “Corporation”) announced that its Board of Directors declared a special cash dividend of $0.20 per share on its Class A and Class B common stock to be paid on December 13, 2010 to shareholders of record at the close of business on December 6, 2010.  As of November 12, 2010, there were 18,598,465 shares of the Corporation’s class A common stock and outstanding and 5,553,696 shares of the Corporation’s class B common stock outstanding.  The anticipated amount of the total dividend will be approximately $4.83 million.   



ITEM 9.01

Financial Statements and Exhibits.


(d)  Exhibits.  The following exhibit is furnished with this report on Form 8-K:


 

 

 

Exhibit No.

 

Description

99.1

 

Press release, dated November 16, 2010, of Salem Communications Corporation announcing a special cash dividend.

 



   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 thereunto duly authorized.

 

 

 

 

 

 

 

 

SALEM COMMUNICATIONS CORPORATION


 

 

 


 Date: November 16, 2010

 

By:   /s/ EVAN D. MASYR

 

 

Evan D. Masyr

 

 

Senior Vice President and Chief Financial Officer







 EXHIBIT INDEX

 

 

 

Exhibit No.

 

Description

99.1

 

Press release, dated November 16, 2010, of Salem Communications Corporation announcing a special cash dividend.