# EDGAR Filing Document

**Accession Number:** 0000740971
**File Stem:** 0001140361-23-007607
**Filing Date:** 2023-2
**Character Count:** 9414
**Document Hash:** 68522b423818f09d3afcf2295f803f49
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-23-007607.hdr.sgml**: 20230217

**ACCESSION NUMBER**: 0001140361-23-007607

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230213

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230217

**DATE AS OF CHANGE**: 20230217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OLD POINT FINANCIAL CORP
- **CENTRAL INDEX KEY:** 0000740971
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **IRS NUMBER:** 541265373
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-12896
- **FILM NUMBER:** 23641897

**BUSINESS ADDRESS:**
- **STREET 1:** 1 WEST MELLEN ST
- **CITY:** HAMPTON
- **STATE:** VA
- **ZIP:** 23663
- **BUSINESS PHONE:** 757-728-1876

**MAIL ADDRESS:**
- **STREET 1:** 1 WEST MELLEN ST
- **CITY:** HAMPTON
- **STATE:** VA
- **ZIP:** 23663

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### 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): February 13, 2023

## OLD POINT FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Virginia**<br>| **000-12896**<br>| **54-1265373**<br>|
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

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#### 101 East Queen Street

#### Hampton, Virginia 23669
(Address of principal executive offices) (Zip Code)

(757) 728-1200

(Registrant's telephone number, including area code)

#### 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 (<u>see</u> 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 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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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, $5.00 par value<br>| OPOF<br>| The NASDAQ Stock Market LLC<br>|

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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 5.02** | **Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.** |

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On February 13, 2023, Russell Smith Evans, Jr. notified Old Point Financial Corporation (the "Company") of his intention to retire from the Boards of Directors of the Company and its wholly-owned national bank subsidiary, The Old Point National Bank of Phoebus (the "Bank"), effective as of the Company's 2023 Annual Meeting of Shareholders. Mr. Evans' decision to retire is not a result of any disagreement between Mr. Evans and the Company on any matter relating to the Company's or the Bank's operations, policies or practices or any other matter. The Board of Directors of the Company appreciates Mr. Evans' dedicated service and valuable contributions during his 30 years as a director.

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| | |
|:---|:---|
| **Item 7.01** | **Regulation FD Disclosure.** |

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On February 17, 2023, the Company issued a press release announcing Mr. Evans' intention to retire from the Boards of the Company and the Bank. A copy of the press release is furnished herewith as Exhibit 99 and incorporated herein by reference.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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

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| | |
|:---|:---|
| **Exhibit No**. | **Description of Exhibit** |
| [99.1](brhc10048460_ex99-1.htm) | Press release dated February 17, 2023. |
| 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, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | |
|:---|:---|
|  | <u>Old Point Financial Corporation</u> |
|  | Registrant |
| Date: February 17, 2023 | |
|  | /s/ Robert F. Shuford, Jr. |
|  | Robert F. Shuford, Jr. |
|  | Chairman of the Board |
|  | President & Chief Executive Officer |

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## Exhibit 99.1

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| | |
|:---|:---|
| ![](image00002.jpg) | **Exhibit 99.1** |

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#### OLD POINT FINANCIAL CORPORATION ANNOUNCES RETIREMENT OF RUSSELL SMITH EVANS, JR. FROM BOARD OF DIRECTORS

Hampton, Va., February 17, 2023 (PRNewswire) – Old Point Financial Corporation (the Company) announced that Russell Smith Evans, Jr. has decided to retire from the Boards of Directors of the Company and its wholly-owned national bank subsidiary, The Old Point National Bank of Phoebus (the Bank), at the conclusion of his current term, which ends as of the Company's 2023 Annual Meeting of Shareholders. Mr. Evans joined the Boards of Directors of the Company and the Bank in 1993 and currently serves on the Company's Audit, Nominating and Corporate Governance, and Directors Loan Committees.

Mr. Evans shared, "I am grateful for the opportunity to have served as a director of Old Point for the past 30 years. I am confident that this is the right time for retirement in furtherance of the Board of Directors' thoughtful and deliberate refreshment and succession planning process and in light of the recent welcome additions of Sarah and Elizabeth to the Board. Their qualifications and experience have further strengthened the Board, and I am excited to see what the future holds for this wonderful organization."

"We want to thank Rusty for his many contributions and years of service to the Board and Old Point," said Robert Shuford, Jr., Chairman, President and CEO for the Company and the Bank.

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#### About Old Point
Old Point Financial Corporation (Nasdaq: OPOF) is the parent company of the Old Point National Bank of Phoebus (Old Point National Bank) and Old Point Wealth Management, which serve the Hampton Roads and Richmond regions of Virginia as well as operate a mortgage loan production office in Charlotte, North Carolina. Old Point National Bank is a locally owned and managed community bank which offers a wide range of financial services from checking, insurance, and mortgage products to comprehensive commercial lending and banking products and services. Old Point Wealth Management is the largest wealth management services provider headquartered in Hampton Roads, Virginia, offering local asset management by experienced professionals. Additional information about the company is available at oldpoint.com.

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For more information, contact Laura Wright, Vice President/Marketing Director, at lwright@oldpoint.com or (757) 728-1743.

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#### Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Certain statements contained herein, including without limitation, statements addressing the beliefs, plans or expectations of the Company regarding future growth and success, and the quotations from Mr. Evans constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements involve known or unknown risks, including, but not limited to, our ability to successfully execute and achieve the expected results of our business strategies. There can be no assurance that the actual future results, performance or achievements expressed or implied by such forward-looking statements will occur. Investors using forward-looking statements are encouraged to review the Company's latest annual report on Form 10-K, including management's discussion and analysis included therein, for a description of other important factors that may affect the Company's business, results of operations and financial condition. The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that projected results expressed or implied in such statements will not be realized.

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