8-K

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)    September 25, 2013

Hampton Roads Bankshares, Inc.
(Exact name of registrant as specified in its charter)
Virginia	001-32968	54-2053718
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)
641 Lynnhaven Parkway, Virginia Beach, VA 23452
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code (757) 217-1000

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:

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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

On September 25, 2013, the Board of Directors of Hampton Roads Bankshares, Inc. (the “Company”), the holding company for The Bank of Hampton Roads (“BHR”) and Shore Bank, appointed Thomas B. Dix, III Executive Vice President, Chief Financial Officer and Treasurer of the Company effective immediately.  Mr. Dix has served asInterim Chief Financial Officer of the Company since April 2013.

Mr. Dix, 34, had served as Senior Vice President and Treasurer of the Company and BHR since May 2011. Mr. Dix also served as Corporate Secretary of the Company and BHR from October 2011 to April 2013. Previously, Mr. Dix served as Senior Vice President and Credit Risk Manager of the Company from January 2010 through April 2011, Senior Vice President and Chief Lending Officer of Shore Bank from September 2009 through December 2009, and Vice President, Commercial Banking for BHR from April 2009 to August 2009.  Before joining BHR in April 2009, Mr. Dix held positions in credit, asset-based lending, branch management and commercial lending with Mercantile Peninsula Bank/PNC Bank and its predecessor institutions from 2001 to 2009.

In connection with his appointment as Chief Financial Officer, Mr. Dix’s annual base salary will be increased to $250,000.  In addition, Mr. Dix is eligible to participate in all of the plans and arrangements that are generally available to all of the Company’s salaried employees.  All of the aforementioned plans are more fully discussed in the Company’s Proxy Statement for the 2013 Annual Shareholder’s Meeting filed with the Securities and Exchange Commission on June 7, 2013.

A copy of the press release announcing Mr. Dix’s appointment is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Ex. 99.1 Press Release, dated September 26, 2013, announcing the appointment of Thomas B. Dix, III, as Executive Vice President, Chief Financial Officer and Treasurer.  

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.

	Hampton Roads Bankshares, Inc.
Date:    September 26, 2013	By:	/s/ Paul A. Driscoll
		Paul A. Driscoll
		Senior Vice President, Secretary and General Counsel

EXHIBIT INDEX

Exhibit No.	Description
Ex. 99.1	Press Release, dated September 26, 2013, announcing the appointment of Thomas B. Dix, III, as Executive Vice President, Chief Financial Officer and Treasurer.

EX-99.1

Exhibit 99.1

         September 26, 2013

Contact:	Douglas J. Glenn
	President and Chief Executive Officer
	(757) 217-1000
THOMAS DIX APPOINTED CFO OF HAMPTON ROADS BANKSHARES

Virginia Beach, Virginia, September 26, 2013:  Hampton Roads Bankshares, Inc. (NASDAQ:  HMPR) (the “Company”), the holding company for The Bank of Hampton Roads (“BHR”) and Shore Bank, announced today that Thomas B. Dix III has been appointed Executive Vice President, Chief Financial Officer and Treasurer of the Company.  In this position, Dix will report to Douglas J. Glenn, President and Chief Executive Officer of the Company and Chief Executive Officer of BHR, and will be responsible for directing the financial functions of the holding company and its subsidiaries, including accounting, tax, treasury, financial planning, investor relations and vendor management.

Glenn said, “We conducted a thorough search process with the assistance of Heidrick & Struggles and determined that Thom was the most qualified candidate to lead our finance function.  Since his appointment to the Interim CFO role in April, Thom has consistently demonstrated the range and depth of skills and judgment required of a strong CFO.  The Board and I have great confidence that he will sustain the progress we have been making in Finance.”

Dix has served as Senior Vice President, Treasurer and Interim Chief Financial Officer since April 2013.  He was appointed Senior Vice President and Treasurer of the Company and BHR in May 2011. He also served as Corporate Secretary of the Company and BHR from October 2011 to April 2013.  Previously, he served as Senior Vice President and Credit Risk Manager of the Company, Senior Vice President and Chief Lending Officer of Shore Bank and Vice President, Commercial Banking for BHR.  Before joining BHR in April 2009, Dix held positions in credit, asset-based lending, branch management and commercial lending with Mercantile Peninsula Bank/PNC Bank and its predecessor institutions from 2001 to 2009.  Dix earned a BA in economics from the University of Virginia.

Caution About Forward-Looking Statements

Certain statements made in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements are statements that include projections, predictions, expectations, or beliefs about events or results or otherwise are not statements of historical facts, including prospective statements about the performance and duties of Company executives.  Although the Company believes that its expectations with respect to such forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that actual results, performance or achievements of the Company will not differ materially from those expressed or implied by such forward-looking statements.  Factors that could cause actual events or results to differ significantly from those described in the forward-looking statements include, but are not limited to those described in the cautionary language included under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2012, Quarterly Report on Form 10-Q for the quarter ended June 30, 2013, and other filings made with the SEC.

About Hampton Roads Bankshares

Hampton Roads Bankshares, Inc. is a bank holding company that was formed in 2001 and is headquartered in Virginia Beach, Virginia. The Company’s primary subsidiaries are The Bank of Hampton Roads, which opened for business in 1987, and Shore Bank, which opened in 1961 (the “Banks”).  The Banks engage in general community and commercial banking business, targeting the needs of individuals and small to medium-sized businesses. Currently, The Bank of Hampton Roads operates banking offices in Virginia and North Carolina doing business as The Bank of Hampton Roads and Gateway Bank & Trust Co.  Shore Bank serves the Eastern Shore of Virginia, eastern Maryland, and southern Delaware through seven banking offices, ATMs, and loan production offices in West Ocean City, Maryland and Rehoboth Beach, Delaware. Through various affiliates, the Banks also offer mortgage banking services and investment products. Shares of the Company’s common stock are traded on the NASDAQ Global Select Market under the symbol “HMPR.” Additional information about the Company and its subsidiaries can be found at www.hamptonroadsbanksharesinc.com.

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