# EDGAR Filing Document

**Accession Number:** 0000741516
**File Stem:** 0001437749-23-001869
**Filing Date:** 2023-1
**Character Count:** 9217
**Document Hash:** 284071bb3e9b3fb95b105e6743ed1e12
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-23-001869.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001437749-23-001869

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230126

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN NATIONAL BANKSHARES INC.
- **CENTRAL INDEX KEY:** 0000741516
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **IRS NUMBER:** 541284688
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-12820
- **FILM NUMBER:** 23556686

**BUSINESS ADDRESS:**
- **STREET 1:** 628 MAIN ST
- **CITY:** DANVILLE
- **STATE:** VA
- **ZIP:** 24541
- **BUSINESS PHONE:** 4347925111

**MAIL ADDRESS:**
- **STREET 1:** 628 MAIN STREET
- **STREET 2:** P O BOX 191
- **CITY:** DANVILLE
- **STATE:** VA
- **ZIP:** 24543

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN NATIONAL BANKSHARES INC
- **DATE OF NAME CHANGE:** 19920703

americannb20230125_8k.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): **January 26, 2023**

**AMERICAN NATIONAL BANKSHARES INC.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Virginia**<br> (State or other jurisdiction<br> of incorporation) | **0-12820**<br> (Commission<br> File Number) | **54-1284688**<br> (I.R.S. Employer<br> Identification No.) |
| **628 Main Street, Danville, **Virginia 24541**<br> (Address of principal executive offices) (Zip Code) | **628 Main Street, Danville, **Virginia 24541**<br> (Address of principal executive offices) (Zip Code) | **628 Main Street, Danville, **Virginia 24541**<br> (Address of principal executive offices) (Zip Code) |

---

Registrant's telephone number, including area code: **(**434**) **792-5111**

**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:

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| | |
|:---|:---|
| <u>Title of each class</u> | <u>Name of each exchange on which registered</u> |
| Common Stock, $1.00 par value<br> AMNB | Nasdaq Global Select Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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. ☐

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**Item 8.01 Other Events.**

On January 26, 2023, American National Bankshares Inc. (the "Company") issued a press release announcing that its Board of Directors has authorized the repurchase of up to $10 million worth of the Company's common stock through December 31, 2023.

**Item 9.01 Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) *Exhibits.*

The following exhibit is filed herewith:

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| | |
|:---|:---|
| <u>**Exhibit No.**</u>  | <u>**Description**</u> |
| 99.1 | [Press release, dated January 26, 2023.](ex_468006.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

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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.

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| |
|:---|
| **American National Bankshares Inc.** |
| (Registrant) |

---

---

| | | |
|:---|:---|:---|
| Date: January 26, 2023 | By: | <u>/s/</u> <u>Jeffrey V. Haley</u> |
|  |  | Jeffrey V. Haley |
|  |  | President and Chief Executive Officer |

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## Exhibit 99.1

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| | | | |
|:---|:---|:---|:---|
| **Date:**  | January 26, 2023 | January 26, 2023 | January 26, 2023 |
| **Contact:** | Jeffrey W. Farrar, Chief Operating and Chief Financial Officer | Jeffrey W. Farrar, Chief Operating and Chief Financial Officer | Jeffrey W. Farrar, Chief Operating and Chief Financial Officer |
|  | *434-773-2274*  | *434-773-2274*  | *434-773-2274*  |
|  | ***farrarj@amnb.com*** | ***farrarj@amnb.com*** | ***farrarj@amnb.com*** |
| **Traded:** | Nasdaq Global Select Market | **Symbol:** | AMNB |

---

**AMERICAN NATIONAL BANKSHARES INC. ANNOUNCES SHARE REPURCHASE AUTHORIZATION**

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Danville, VA -- American National Bankshares Inc. ("the Company") (NASDAQ: AMNB), parent company of American National Bank and Trust Company, today announced that its Board of Directors has authorized the repurchase of up to $10 million worth of the Company's common stock through December 31, 2023. Shares of common stock may be purchased through open market purchases or in privately negotiated transactions at prevailing market prices. The actual means and timing of any purchases, target number of shares and range of prices under the program will be determined by the Company in its discretion and will depend on a number of factors, including the market price of the Company's common stock, general market and economic conditions, share issuances under equity plans, and applicable legal and regulatory requirements. There is no assurance that the Company will purchase any shares under the plan.

*<u>About American National</u>*

American National is a multi-state bank holding company with total assets of approximately $3.0 billion. Headquartered in Danville, Virginia, American National is the parent company of American National Bank and Trust Company. American National Bank is a community bank serving Virginia and North Carolina with 26 banking offices. American National Bank also manages an additional $1.2 billion of trust, investment and brokerage assets in its Wealth Division. Additional information about American National and American National Bank is available on American National's website at www.amnb.com.

*<u>Forward-Looking Statements</u>*

Statements made in this release, other than those concerning historical financial information, may be considered forward-looking statements, which speak only as of the date of this release and are based on current expectations and involve a number of assumptions. American National intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and is including this statement for purposes of these safe harbor provisions. American National's ability to predict results, or the actual effect of future plans or strategies, is inherently uncertain. Factors that could have a material effect on the operations and future prospects of American National include but are not limited to: (1) the impacts of the ongoing COVID-19 pandemic and the associated efforts to limit the spread of the virus; (2) expected revenue synergies and cost savings from acquisitions and depositions; (3) changes in interest rates, general economic conditions, legislation and regulation, and monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury, Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System; (4) the quality and composition of the loan and securities portfolios, demand for loan products, deposit flows, competition, and demand for financial services in American National's market areas; (5) the adequacy of the level of the allowance for loan losses, the amount of loan loss provisions required in future quarters, and the failure of assumptions underlying the allowance for loan losses; (6) cybersecurity threats or attacks, the implementation of new technologies, and the ability to develop and maintain secure and reliable electronic systems; (7) accounting principles, policies, and guidelines; and (8) other risk factors detailed from time to time in filings made by American National with the Securities and Exchange Commission. American National undertakes no obligation to update or clarify these forward-looking statements, whether as a result of new information, future events or otherwise.