0001437749-20-023655.txt : 20201112 0001437749-20-023655.hdr.sgml : 20201112 20201112163526 ACCESSION NUMBER: 0001437749-20-023655 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20201112 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20201112 DATE AS OF CHANGE: 20201112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL BANKSHARES INC CENTRAL INDEX KEY: 0000796534 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 541375874 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15204 FILM NUMBER: 201307324 BUSINESS ADDRESS: STREET 1: 101 HUBBARD STREET STREET 2: PO BOX 90002 CITY: BLACKSBURG STATE: VA ZIP: 24060 BUSINESS PHONE: 540-951-6300 MAIL ADDRESS: STREET 1: 101 HUBBARD STREET STREET 2: PO BOX 90002 CITY: BLACKSBURG STATE: VA ZIP: 24060 8-K 1 nksh20201112_8k.htm FORM 8-K nksh20201112_8k.htm
false 0000796534 0000796534 2020-11-12 2020-11-12
 
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 12, 2020 (November 12, 2020)
 
National Bankshares, Inc.
(Exact name of Registrant as specified in its charter)
 
 
Virginia
0-15204
54-1375874
(State or other jurisdiction
of incorporation)
(Commission File No.)
(I.R.S. Employer Identification No.)
101 Hubbard Street
Blacksburg, VA 24060
(Address of principal executive offices)
 
(540) 951-6300
(Registrant’s telephone number, including area code)
 
(Former name or former address, if changed since last report) Not applicable
 
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))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
NKSH
NASDAQ
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company          
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
 
 

 
ITEM 8.01.
OTHER EVENTS
 
On November 12, 2020, National Bankshares, Inc. issued a press release announcing payment of a semi-annual cash dividend of $0.72 per share on December 1, 2020 to stockholders of record as of November 23, 2020.
 
A copy of the press release is attached as Exhibit 99.1.
 
ITEM 9.01.
FINANCIAL STATEMENTS AND EXHIBITS
 
(d)
Exhibits
 
99.1
   
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 
 
 
 
SIGNATURE
 
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
NATIONAL BANKSHARES, INC.
 
Date: November 12, 2020
 
 
By:         /s/ F. BRAD DENARDO
F. Brad Denardo
Chairman, President and CEO
 
Page 2 of 2 Pages
EX-99.1 2 ex_213747.htm EXHIBIT 99.1 ex_213747.htm

 

Exhibit 99.1

 

 logo.jpg

 

FOR IMMEDIATE RELEASE

 

CONTACTS:   

F. BRAD DENARDO, CHAIRMAN, PRESIDENT & CEO

(540) 951-6213   bdenardo@nbbank.com

DAVID K. SKEENS, TREASURER & CFO

(540) 951-6347   dskeens@nbbank.com

 

NATIONAL BANKSHARES, INC. DECLARES SEMI-ANNUAL DIVIDEND

 

BLACKSBURG, VA, NOVEMBER 12, 2020: The Board of Directors of National Bankshares, Inc. (NASDAQ Capital Market: NKSH) today approved payment on December 1, 2020 of a semi-annual dividend of $0.72 per share to all stockholders of record as of November 23, 2020. This dividend is an increase of five cents ($0.05) per share, or 7.5%, from the dividend paid June 1, 2020, and is the same per share as the dividend paid on December 2, 2019.

 

F. Brad Denardo, Chairman, President, and CEO said, “While we continue to experience the negative economic effects of the COVID-19 pandemic, National Bankshares remains profitable, with a sound balance sheet and a strong capital position. Given this fundamental strength, the Board of Directors has elected to maintain a December semi-annual dividend of $0.72 per share, the same as was paid in December 2019. We thank you for your continued support and investment in our Company.”

 

National Bankshares, Inc., headquartered in Blacksburg, Virginia, is the parent company of The National Bank of Blacksburg, which does business as National Bank, and of National Bankshares Financial Services, Inc. National Bank is a community bank operating from 25 full-service offices and one loan production office throughout Southwest Virginia. National Bankshares Financial Services, Inc. is an investment and insurance subsidiary in the same trade area. The Company’s stock is traded on the NASDAQ Capital Market under the symbol “NKSH.” Additional information is available at www.nationalbankshares.com.

 

 Forward-Looking Statements

 

Certain statements in this press release may be “forward-looking statements.” Forward-looking statements are statements that include projections, predictions, expectations or beliefs about future events or results that are not statements of historical fact and that involve significant risks and uncertainties. Although the Company believes that its expectations with regard to forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that actual Company results will not differ materially from any future results implied by the forward-looking statements. Actual results may be materially different from past or anticipated results because of many factors, some of which may include changes in economic conditions, the interest rate environment, legislative and regulatory requirements, new products, competition, changes in the stock and bond markets and technology. The Company does not update any forward-looking statements that it may make.

 

 

 

 

 

101 Hubbard Street / Blacksburg, Virginia 24060

P.O. Box 90002 / Blacksburg, Virginia 24062-9002

540 951-6300 / 800 552-4123

www.nationalbankshares.com

 

 
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Document Information [Line Items]  
Entity, Registrant Name National Bankshares, Inc.
Document, Type 8-K
Document, Period End Date Nov. 12, 2020
Entity, Incorporation, State or Country Code VA
Entity, File Number 0-15204
Entity, Tax Identification Number 54-1375874
Entity, Address, Address Line One 101 Hubbard Street
Entity, Address, City or Town Blacksburg
Entity, Address, State or Province VA
Entity, Address, Postal Zip Code 24060
City Area Code 540
Local Phone Number 951-6300
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Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock
Trading Symbol NKSH
Security Exchange Name NASDAQ
Entity, Emerging Growth Company false
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