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 19, 2015
 
 
 
AMERICAN NATIONAL BANKSHARES INC.
(Exact name of registrant as specified in its charter)
 
 
 
Virginia
0-12820
54-1284688
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
 
 
 
 
 
 
 
 
 
 
 
 
Registrant’s telephone number, including area code: 434-792-5111
 
 
 
 
 
 
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 240.13a-4(c))
 
 
Item 8.01 Other Events
 
On November 19, 2015, the Board of Directors announced a share repurchase program of up to 300,000 shares of the Company's outstanding common stock, par value $1.00 per share, for a period of two years.
 
Item 9.01 Financial Statements and Exhibits
 
(d) Exhibits:
 
99.1   November 19, 2015 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 19, 2015                                                           /s/ William W. Traynham
                     Executive Vice President and Chief Financial Officer






American National Bankshares Inc.
Announces Authorization of a Share Repurchase Program
  

For more information, contact:    
Jeffrey V. Haley
President & Chief Executive Officer
American National Bankshares Inc.
haleyj@amnb.com
434.773.2259

Traded: NASDAQ Global Select Market        Symbol: AMNB
                            
FOR IMMEDIATE RELEASE:         November 19, 2015

Danville, VA — American National Bankshares Inc. (NASDAQ: AMNB) today announced that its Board of Directors has authorized a share repurchase program to purchase up to 300,000 shares of the Company’s outstanding common stock, par value $1.00 per shares on the open market or in privately negotiated transactions. The repurchase program is authorized through December 31, 2017. The actual timing, number and value of shares repurchased under the program will be determined by management in its discretion and will depend on a number of factors, including the market price of the shares, general market and economic conditions, applicable legal requirements and other conditions. Shares repurchased will be returned to the status of authorized and unissued shares of common stock.

The new stock repurchase authorization is in addition to the existing stock repurchase program approved by the Board of Directors on April 15, 2014, which has approximately 43,000 shares remaining for repurchase and will continue to be utilized until such authorization is completed or expires now at December 31, 2017.


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, Va., American National is the parent company of American National Bank and Trust Company. American National Bank is a community bank serving Virginia and 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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