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: September 15, 2015
(Date of earliest event reported)
VIRGINIA NATIONAL
BANKSHARES CORPORATION
(Exact
name of registrant as specified in its charter)
| Virginia | 000-55117 | 46-2331578 |
| (State or other jurisdiction of | (Commission | (I.R.S. Employer |
| incorporation) | File Number) | Identification No.) |
404 People
Place
Charlottesville,
Virginia 22911
(Address of
principal executive offices) (Zip Code)
(434)
817-8621
(Registrant’s
telephone number, including area code)
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 (see General Instruction A.2. below):
☐ 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))
Item 8.01 Other Events.
On September 21, 2015 the Board of Directors of Virginia National Bankshares Corporation (the “Company”) issued a press statement announcing that its Board of Directors extended the stock repurchase program approved in 2014. The extended program will authorize management to repurchase up to the remaining 134,788 shares of the Company’s common stock authorized as part of the 2014 program on the open market or in privately negotiated transactions through September 18, 2016.
On September 15, 2015, the Company’s Board of Directors declared a quarterly cash dividend of $0.10 per share to be paid on October 12, 2015 to shareholders of record as of September 30, 2015.
A copy of the Company’s press statement announcing extension of the stock repurchase program and the quarterly dividend is attached hereto as Exhibit 99.1 and incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. | |
| (d) | Exhibits |
| The following exhibit(s) are filed herewith: | ||||
| Exhibit No. | Description | |||
| 99.1 | Press statement issued by Virginia National Bankshares Corporation on September 21, 2015. | |||
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.
| VIRGINIA NATIONAL BANKSHARES CORPORATION | ||||
| Dated: | September 21, 2015 | By: | /s/ Glenn W. Rust | |
| Glenn W. Rust | ||||
| President and Chief Executive Officer | ||||