UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): May 12, 2021
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FIRST NATIONAL CORPORATION
(Exact name of registrant as specified in its charter)
Virginia (State or other jurisdiction of incorporation) | 1-38874 (Commission File Number) | 54-1232965 (IRS Employer Identification No.) | |
112 West King Street Strasburg, Virginia (Address of principal executive offices) |
22657 (Zip Code) |
Registrant’s telephone number, including area code: (540) 465-9121
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)) |
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, par value $1.25 per share | FXNC | The Nasdaq Stock Market LLC |
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 5.07 | Submission of Matters to a Vote of Security Holders. |
An Annual Meeting of Shareholders of First National Corporation (the "Company") was held on May 12, 2021 for the purpose of considering and acting upon the following matters:
(1) | The election of eight directors to serve for a term of one year; |
(2) | The ratification of the appointment of Yount, Hyde & Barbour, P.C. as the Company's independent registered public accounting firm for the year ending December 31, 2021. |
The final voting results for each proposal, including the votes for and against, and any withheld, abstained, or broker non-votes, are described below.
Proposal 1 - Election of Directors |
The Company's shareholders elected all eight nominees for director. For each nominee, the votes cast for and against, as well as withheld and broker non-votes, were as follows:
Director Nominee | For | Withheld | Broker Non-Votes | |||
Jason C. Aikens | 2,703,942 | 252,013 | 949,349 | |||
Emily Marlow Beck | 2,708,580 | 247,375 | 949,349 | |||
Boyce E. Brannock | 2,753,626 | 202,329 | 949,349 | |||
Elizabeth H. Cottrell | 2,758,793 | 197,162 | 949,349 | |||
W. Michael Funk | 2,707,006 | 248,949 | 949,349 | |||
Scott C. Harvard | 2,706,661 | 249,294 | 949,349 | |||
Gerald F. Smith, Jr. | 2,704,035 | 251,920 | 949,349 | |||
James R. Wilkins, III | 2,758,793 | 197,162 | 949,349 |
Proposal 2 - Ratification of Appointment of Independent Registered Public Accounting Firm |
The Company's shareholders approved the ratification of the Audit Committee's selection of Yount, Hyde & Barbour, P.C. as the Company's independent registered public accounting firm for the year ending December 31, 2021. The votes cast for and against this proposal, as well as the votes abstained, were as follows:
For | Against | Abstain | ||
3,701,914 | 467 | 202,923 |
Item 8.01 | Other Events. |
The Company hereby provides the agenda for its Annual Meeting of Shareholders held on May 12, 2021 and a reminder for shareholders to vote for the proposed merger with The Bank of Fincastle.
On May 12, 2021, the Board of Directors of the Company declared a quarterly cash dividend of $0.12 per common share, which is payable on June 11, 2021 to shareholders of record as of May 28, 2021.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits. |
Exhibit No. | Description |
99.1 | Agenda for Annual Meeting of Shareholders held on May 12, 2021 and reminder for shareholders to vote for the proposed merger with the Bank of Fincastle |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FIRST NATIONAL CORPORATION | ||
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Date: May 13, 2021 | By: | /s/ M. Shane Bell |
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| M. Shane Bell |
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| Executive Vice President and Chief Financial Officer |
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