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EX-99.1 - EXHIBIT 99.1 - HomeTown Bankshares Corpex_95869.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: September 22, 2017

 

 


HOMETOWN BANKSHARES CORPORATION

(Exact name of registrant as specified in its charter)

 

 


 

 

Virginia

 

333-158525

 

26-4549960

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

 

202 S. Jefferson Street

Roanoke, Virginia

 

24011

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (540) 345-6000

 

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))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

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 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

On September 19, 2017, William C. Moses submitted his resignation, effective September 30, 2017, as Corporate Secretary of HomeTown Bankshares Corporation (the “Company”), and as Executive Vice President and Chief Credit Officer of Roanoke, Virginia based HomeTown Bank (the “Bank”), a wholly owned banking subsidiary of the Company. Mr. Moses has served as an Officer of the Company and Bank since their formation in September 2009 and November 2005, respectively.

 

Effective September 30, 2017, the Company and Bank will appoint William “Wes” W. Budd, Jr. as Mr. Moses’ successor.

 

A copy of the press release is attached hereto as Exhibit 99.1.

 

Item 9.01

Financial Statements and Exhibits

 

(d) Exhibits

 

99.1 – Press release of HomeTown Bankshares Corporation, dated September 22, 2017.

 

 

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.

 

 

 

 

HOMETOWN BANKSHARES CORPORATION

Date: September 22, 2017

 

By:

 

 

/s/ Vance W. Adkins 

 

 

 

 

 

Vance W. Adkins

 

 

 

 

Executive Vice President and Chief Financial Officer