Attached files
| file | filename |
|---|---|
| EX-99.2 - EXHIBIT 99.2 - Atlantic Union Bankshares Corp | v423332_ex99-2.htm |
| EX-99.1 - EXHIBIT 99.1 - Atlantic Union Bankshares Corp | v423332_ex99-1.htm |
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): October 29, 2015
UNION BANKSHARES CORPORATION
(Exact name of registrant as specified in its charter)
________________________
| Virginia | 0-20293 | 54-1598552 |
| (State or other jurisdiction | (Commission | (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
1051 East Cary Street
Suite 1200
Richmond, Virginia 23219
(Address of principal executive offices, including Zip Code)
________________________
Registrant’s telephone number, including area code: (804) 633-5031
________________________
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 (see General Instruction A.2. below):
| ¨ | 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 13c-4(c) under the Exchange Act (17 CFR 240.13c-4(c)) |
| Item 8.01 | Other Events. |
On October 29, 2015, Union Bankshares Corporation (“the Company”) issued a press release announcing the declaration of a quarterly dividend payable on November 27, 2015 to shareholders of record as of November 13, 2015. A copy of the press release is attached as Exhibit 99.1 hereto and is hereby incorporated herein by reference.
On November 3, 2015, the Company announced that its Board of Directors has authorized a share repurchase program to purchase up to $25 million worth of the Company’s common stock on the open market or in privately negotiated transactions. The authorization permits management to repurchase the Company’s shares from time to time at management’s discretion. The repurchase program is authorized through December 31, 2016. This new stock repurchase program is in addition to the existing stock repurchase program approved by the Board of Directors on January 30, 2014, which has approximately $2.5 million remaining for repurchase and will continue to be utilized until such authorization is completed or expires at December 31, 2015. A copy of the press release is attached as Exhibit 99.2 hereto and is hereby incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| 99.1 | Union Bankshares Corporation press release dated October 29, 2015. |
| 99.2 | Union Bankshares Corporation press release dated November 3, 2015. |
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 thereunto duly authorized.
| UNION BANKSHARES CORPORATION | |||
| Date: November 3, 2015 | By: | /s/ Robert M. Gorman | |
| Robert M. Gorman | |||
| Executive Vice President and | |||
| Chief Financial Officer | |||