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): September 18, 2024 |
EAGLE FINANCIAL SERVICES, INC.
(Exact name of Registrant as Specified in Its Charter)
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Virginia | 0-20146 | 54-1601306 |
(State or Other Jurisdiction
of Incorporation) | (Commission File Number) | (IRS Employer
Identification No.) |
| | | | |
2 East Main Street | |
Berryville, Virginia | | 22611 |
(Address of Principal Executive Offices) | | (Zip Code) |
|
Registrant’s Telephone Number, Including Area Code: (540) 955-2510 |
(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:
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Title of each class
| | Trading
Symbol(s) | |
Name of each exchange on which registered
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None | | N/A | | N/A |
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 September 18, 2024, Eagle Financial Services, Inc. (the “Company”) held a meeting at which its stock repurchase program was re-authorized. The Board of Directors of the Company, by resolution, authorized and approved the Company’s purchase of up to 150,000 shares of the Company’s common stock, par value $2.50 per share (the “Common Stock”), over a period ending June 30, 2025 (the “Purchase Period”).
Purchases may be made through open market repurchases, privately negotiated transactions, trading plans adopted pursuant to Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), block transactions or otherwise, at any time or from time-to-time during the Purchase Period, out of funds legally available therefor and at a price per share or prices per share as shall be determined by authorized officers of the Company in light of prevailing market conditions, the Company’s available resources, the impact on the Company’s capital ratios and other factors that the authorized officers may deem relevant and which shall in all cases be no greater than two hundred percent (200%) of the Company’s book value per common share as of the most recent month end. There is no assurance that the Company will purchase any shares under this program
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit No. | | Description |
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104 | | Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document |
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.
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| | | Eagle Financial Services, Inc. |
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Date: | 9/20/2024 | By: | /s/KATHLEEN J. CHAPPELL |
| | | Kathleen J. Chappell
Executive Vice President and CFO |
