Current Report Filing (8-k)
November 18 2015 - 1:39PM
Edgar (US Regulatory)
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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 |
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Date of Report (Date of earliest event reported): November 18, 2015 |
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AMERICAN NATIONAL BANKSHARES INC. |
(Exact name of registrant as specified in its charter) |
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Virginia | 0-12820 | 54-1284688 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
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628 Main Street, Danville, VA 24541 |
(Address of principal executive offices) (Zip Code) |
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Registrant's telephone number, including area code: 434-792-5111 |
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Not Applicable |
(Former name or former address, if changed since last report.) |
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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 240.13a-4(c)) |
Item 8.01 Other Events
On November 17, 2015, American National Bankshares Inc. declared a quarterly cash dividend of $0.24 per share of common stock. The dividend is payable December 18, 2015, to shareholders of record on December 4, 2015.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
99.1 News Release
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.
Date: November 18, 2015 /s/ William W. Traynham
Executive Vice President and Chief Financial Officer
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Date: | November 18, 2015 |
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Contact: | William W. Traynham, Chief Financial Officer |
| 434-773-2242 |
| traynhamw@amnb.com |
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Traded: | NASDAQ Global Select Market | Symbol: | AMNB |
AMERICAN NATIONAL BANKSHARES INC. ANNOUNCES DIVIDEND INCREASE
Danville, VA – At its meeting on November 17, 2015, the Board of Directors of American National Bankshares Inc. (NASDAQ: AMNB), parent company of American National Bank and Trust Company, declared an increase in its quarterly dividend rate. The Company will pay a quarterly cash dividend of $0.24 per common share on December 18, 2015, to shareholders of record December 4, 2015.
This represents a one cent (4.3%) increase over the previous quarter dividend and the first change in the Company’s dividend since 2007.
“I am pleased that our operating results allow us to increase our dividend while maintaining a strong capital position,” stated Jeffrey V. Haley, President and Chief Executive Officer.
American National Bankshares Inc. considers the payment of appropriate dividends a vital part of its capital planning and management program. The Company adheres to a dividend policy based on a review of earnings, growth, capital and such other factors that the Board of Directors considers relevant to the dividend decision process.
About American National
American National Bankshares Inc. is a multi-state bank holding company with total assets of approximately $1.5 billion. Headquartered in Danville, Virginia, American National is the parent company of American National Bank and Trust Company. American National Bank is a community bank serving southern and central Virginia and
north central North Carolina with 25 banking offices and two loan production offices. American National Bank and Trust Company also manages an additional $733 million of trust, investment and brokerage assets in its Trust and Investment Services Division. Additional information about the company and the bank is available on the bank's website at www.amnb.com.
Shares of American National are traded on the NASDAQ Global Select Market under the symbol "AMNB."
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