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EX-99.1 - Parkway Acquisition Corp.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 30, 2018
___________

PARKWAY ACQUISITION CORP.
(Exact name of registrant as specified in its charter)

Virginia
(State or other jurisdiction
of incorporation)
333-209052
(Commission File Number)
47-5486027
(I.R.S. Employer
Identification No.)
 
 
 
101 Jacksonville Circle
Floyd, Virginia
(Address of principal executive offices)
 
24091
(Zip Code)

Registrant's telephone number, including area code: (540) 745-4191

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 October 30, 2018, J. Allan Funk, President and Chief Executive Officer of Parkway Acquisition Corp. (the "Company") notified the Company of his intent to retire as President and Chief Executive Officer and as a director of the Company and its wholly-owned subsidiary, Skyline National Bank (the "Bank"), effective December 31, 2018.

In connection with the foregoing, the Board of Directors appointed Blake M. Edwards, Jr., the Company's current Senior Executive Vice President and Chief Financial Officer, as President and Chief Executive Officer of the Company and the Bank, effective January 1, 2019.

Mr. Edwards, age 53, has served as the Chief Financial Officer of the Company and the Bank and its predecessors, Grayson Bankshares, Inc. and Grayson National Bank, since 1999, and as Senior Executive Vice President since 2013. Prior to those positions, he worked with a public accounting firm where his primary focus was providing audit and advisory services to community banks.

A press release announcing the management transition is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01.  Financial Statements and Exhibits.       
 
 
(d)    Exhibits.
 
     
 
Press Release dated November 5, 2018.
     
     


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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.

 
PARKWAY ACQUISITION CORP.
 
 
(Registrant)
 
       
Date:  November 5, 2018
By:
/s/ Blake M. Edwards
 
   
Blake M. Edwards
 
   
Chief Financial Officer
 
       
       




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