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):  June 14, 2011
___________

GRAYSON BANKSHARES, INC.
(Exact name of registrant as specified in its charter)

Virginia
(State or other jurisdiction
of incorporation)
 
0-30535
(Commission
File Number)
54-1647596
(I.R.S. Employer
Identification No.)
 
113 West Main Street
Independence, Virginia
(Address of principal executive offices)
 
 
24348
(Zip Code)
 
Registrant’s telephone number, including area code:  (276) 773-2811

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 240.13e-4(c))




 
 

 

Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 14, 2011, Jean W. Lindsey announced that she is retiring from the Board of Directors of Grayson Bankshares, Inc. (the “Company”), effective immediately.  Mrs. Lindsey will turn 70 in September 2011, and her decision to retire is a result of the Company’s policy that directors must resign upon reaching their 70th birthday.



 
 

 

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.


 
GRAYSON BANKSHARES, INC.
   
 (Registrant)
 
       
       
       
Date:  June 24, 2011
By:
/s/ Blake M. Edwards
 
   
Blake M. Edwards
 
   
Chief Financial Officer