8-K
Skyline Bankshares, Inc. (SLBK)
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): August 18 , 20 20
___________
PARKWAY ACQUISITION CORP.
(Exact name of registrant as specified in its charter)
| Virginia<br><br> <br>(State or other jurisdiction<br><br> <br>of incorporation) | 333-209052<br><br> <br>(Commission File Number) | 47-5486027<br><br> <br>(I.R.S. Employer<br><br> <br>Identification No.) | |
|---|---|---|---|
| 101 Jacksonville Circle<br><br> <br>Floyd, Virginia<br><br> <br>(Address of principal executive offices) | 24091<br><br> <br>(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))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading<br><br> <br>Symbol(s) | Name of each exchange<br><br> <br>on which registered |
|---|---|---|
| None |
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 5.07 | Submission of Matters to a Vote of Security Holders. |
|---|
Parkway Acquisition Corp. (the “Company”) held its annual meeting of shareholders on August 18, 2020 (the “Annual Meeting”). At the Annual Meeting, the shareholders of the Company (i) elected fourteen directors to serve for one-year terms, (ii) ratified the appointment of Elliott Davis, PLLC as the Company’s independent registered public accounting firm for the year ending December 31, 2020, and (iii) approved the Parkway Acquisition Corp. 2020 Equity Incentive Plan. The voting results for each proposal are as follows:
| 1. | To elect fourteen directors to serve for terms of one year each expiring at the 2021 Annual Meeting of Shareholders: | ||
|---|---|---|---|
| For | Withhold | Broker Non-Votes | |
| --- | --- | --- | --- |
| Thomas M. Jackson, Jr. | 2,508,718 | 19,195 | 1,490,484 |
| James W. Shortt | 2,497,859 | 30,054 | 1,490,484 |
| Jacky K. Anderson | 2,400,419 | 127,494 | 1,490,484 |
| J. Howard Conduff, Jr. | 2,435,412 | 92,501 | 1,490,484 |
| Blake M. Edwards, Jr. | 2,439,818 | 88,095 | 1,490,484 |
| Bryan L. Edwards | 2,511,271 | 16,642 | 1,490,484 |
| T. Mauyer Gallimore | 2,500,956 | 26,957 | 1,490,484 |
| A. Melissa Gentry | 2,502,044 | 25,869 | 1,490,484 |
| R. Devereux Jarratt | 2,511,507 | 16,406 | 1,490,484 |
| Theresa S. Lazo | 2,505,101 | 22,812 | 1,490,484 |
| W. David McNeill | 2,511,259 | 16,654 | 1,490,484 |
| Frank A. Stewart | 2,508,801 | 19,112 | 1,490,484 |
| John Michael Turman | 2,514,353 | 13,560 | 1,490,484 |
| J. David Vaughan | 2,510,524 | 17,389 | 1,490,484 |
| 2. | To ratify the appointment of Elliott Davis, PLLC as the Company’s independent registered public accounting firm for the year ending December 31, 2020: | ||
| --- | --- | ||
| For | Against | Abstain | |
| --- | --- | --- | |
| 4,008,716 | 3,609 | 6,072 | |
| 3. | To approve the Parkway Acquisition Corp. 2020 Equity Incentive Plan: | ||
| --- | --- | ||
| For | Against | Abstain | Broker Non-Votes |
| --- | --- | --- | --- |
| 2,337,935 | 145,480 | 44,498 | 1,490,484 |
| Item 8.01 **** | Other Events . | ||
| --- | --- |
On August 20, 2020, Parkway Acquisition Corp. issued a press release announcing a cash dividend of $0.13 per share. A copy of the press release is attached as Exhibit 99.1 to this report and is incorporated herein by reference.
| Item 9.01 **** | Financial Statements and Exhibits. |
|---|
(d) Exhibits.
| Exhibit No. | Description |
|---|---|
| 99.1 | Press Release dated August 20, 2020 |
| --- | --- |
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.<br><br> <br>(Registrant) | ||
|---|---|---|
| Date: August 20, 2020 | By: | /s/ Blake M. Edwards |
| Blake M. Edwards | ||
| President and Chief Executive Officer |
ex_200781.htm
Exhibit 99 . 1
Parkway Acquisition Corp. Announces Cash Dividend
FOR IMMEDIATE RELEASE
For more information contact:
Blake Edwards, President & CEO – 276-773-2811
Lori Vaught, EVP & CFO – 276-773-2811
FLOYD, VA, August 20, 2020 /PRNewswire-FirstCall/ -- Parkway Acquisition Corp. (“Parkway” or the “Company”) (OTC QX: PKKW) – the holding company for Skyline National Bank (“Skyline”), announces a cash dividend on the Company’s common stock of $0.13 per share, payable September 18, 2020 to shareholders of record on September 4, 2020. The Parkway Board of Directors declared the dividend on August 18, 2020.
Skyline is the wholly-owned subsidiary of Parkway and serves southwestern Virginia and northwestern North Carolina with 24 branches and 2 loan production offices.