0001144204-14-041563.txt : 20140703 0001144204-14-041563.hdr.sgml : 20140703 20140703172109 ACCESSION NUMBER: 0001144204-14-041563 CONFORMED SUBMISSION TYPE: S-8 PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 20140703 DATE AS OF CHANGE: 20140703 EFFECTIVENESS DATE: 20140703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Cordia Bancorp Inc CENTRAL INDEX KEY: 0001466292 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 264700031 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-8 SEC ACT: 1933 Act SEC FILE NUMBER: 333-197260 FILM NUMBER: 14961550 BUSINESS ADDRESS: STREET 1: 11730 HULL STREET ROAD CITY: MIDLOTHIAN STATE: VA ZIP: 23112 BUSINESS PHONE: 804-763-1301 MAIL ADDRESS: STREET 1: 11730 HULL STREET ROAD CITY: MIDLOTHIAN STATE: VA ZIP: 23112 S-8 1 v383047_s8.htm FORM S-8

 

As filed with the Securities and Exchange Commission on July 3, 2014 Registration No. 333-__________

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM S-8

REGISTRATION STATEMENT

UNDER THE SECURITIES ACT OF 1933

 

CORDIA BANCORP INC.

(Exact name of registrant as specified in its charter)

Virginia   26-4700031

(State or other jurisdiction of

incorporation or organization)

  (IRS Employer Identification No.)

 

11730 Hull Street Road

Midlothian, Virginia 23112

(804) 744-7576

(Address, including zip code, and telephone number,

including area code, of registrant's principal executive offices)

 

Bank of Virginia 2011 Stock Incentive Plan

(Full title of the plan)

 

 

Jack C. Zoeller

President and Chief Executive Officer

Cordia Bancorp Inc.

11730 Hull Street Road

Midlothian, Virginia 23112

(804) 744-7576

(Name, address, including zip code, and telephone

number, including area code, of agent for service)

Copies to:

Aaron M. Kaslow, Esq.

Kilpatrick Townsend & Stockton LLP

607 14th Street, NW, Suite 900

Washington, DC 20005

(202) 508-5800

 

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 126-2 of the Exchange Act. (Check one):

 

Large accelerated filer  ¨ Accelerated filer   ¨
Non-accelerated filer    ¨  (Do not check if a smaller reporting company) Smaller reporting company x

 

CALCULATION OF REGISTRATION FEE
Title of
securities to be
registered
  Amount
to be registered (1)
   Proposed
maximum offering
price per share
   Proposed maximum
aggregate offering
price
   Amount of
registration fee
 
Common Stock $0.01 par value   800,000(2)  $4.25(3)  $3,400,000   $438 

  

(1)Together with an indeterminate number of additional shares which may be necessary to adjust the number of shares to be issued pursuant to the Bank of Virginia 2011 Stock Incentive Plan (“2011 Plan”) as the result of a stock split, stock dividend or similar adjustment of the outstanding common stock of Cordia Bancorp Inc., as permitted by Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”).
(2)This registration statement registers an additional 800,000 shares of common stock issuable under the 2011 Plan. An aggregate of 106,240 shares (after giving effect to the 1-for-5 reverse stock split of Bank of Virginia and the share exchange with Cordia Bancorp Inc.) issuable under the 2011 Plan have previously been registered under Registration Statement 333-188301.
(3)Estimated solely for the purpose of computing the registration fee. In accordance with Rule 457(c) and (h) under the Securities Act, the maximum offering price per share is based on the average of the high and the low prices reported on July 1, 2014.

 

This Registration Statement shall become effective immediately upon filing in accordance with Section 8(a)

of the Securities Act of 1933, as amended and 17 C.F.R. §230.462.

 

 
 

 

Incorporation of Previous Registration Statement

 

Pursuant to General Instruction E of Form S-8, this Registration Statement is filed solely to register an additional 800,000 shares of common stock of Cordia Bancorp Inc. (the “Company”) under the Bank of Virginia 2011 Stock Incentive Plan (the “2011 Plan”), which increase in shares was approved by the shareholders of the Company at the Company’s annual meeting of shareholders held on June 25, 2014. Pursuant to Instruction E, the contents of the Company’s Registration Statement No. 333-188301 is hereby incorporated by reference.

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, Cordia Bancorp Inc. certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Midlothian, Commonwealth of Virginia on this 3rd day of July, 2014.

 

  CORDIA BANCORP INC.
     
  By: /s/ Jack C. Zoeller 
    Jack C. Zoeller
    President, Chief Executive Officer and Director
    (principal executive officer)

 

SIGNATURES AND POWER OF ATTORNEY

 

KNOW ALL MEN BY THESE PRESENT, that each person whose signature appears below constitutes and appoints Jack C. Zoeller and Mark A. Severson, as the true and lawful attorneys-in-fact and agents with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities to sign any or all amendments to the Form S-8 registration statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the United States Securities and Exchange Commission, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and things requisite and necessary to be done as fully, and to all intents and purposes, as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or his substitute, may lawfully do or cause to be done by virtue hereof.

 

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

 

July 3, 2014 By: /s/ Jack C. Zoeller
    Jack C. Zoeller
    President and Chief Executive Officer, Director
    (Principal Executive Officer)
     
July 3, 2014 By: /s/ Mark A. Severson
    Mark A. Severson
    Executive Vice President and Chief Financial Officer
    (Principal Financial and Accounting Officer)
     
July 3, 2014 By: /s/ Peter W. Grieve
    Peter W. Grieve
    Chairman of the Board
     
July 3, 2014 By: /s/ David C. Bushnell
    David C. Bushnell
    Director

 

 
 

 

July 3, 2014 By /s/ G. Waddy Garrett
    G. Waddy Garrett
    Director
     
July 3, 2014 By /s/ Thomas L. Gordon
    Thomas L. Gordon
    Director
     
July 3, 2014 By /s/ Hunter R. Hollar
    Hunter R. Hollar
    Director
     
July 3, 2014 By /s/ Michael F. Rosinus
    Michael F. Rosinus
    Director
     
July 3, 2014 By /s/ Raymond H. Smith, Jr.
    Raymond H. Smith, Jr.
    Director
     
July 3, 2014 By /s/ Todd S. Thomson
    Todd S. Thomson
    Director
     
July 3, 2014 By /s/ John P. Wright
    John P. Wright
    Director
     
July 3, 2014 By /s/ David Zlatin
    David Zlatin
    Director

 

 
 

 

EXHIBIT INDEX

 

Exhibit No.   Description   Method of Filing
         
5.0   Opinion of Kilpatrick Townsend & Stockton LLP   Filed herewith.
         
23.1   Consent of Kilpatrick Townsend & Stockton LLP   Contained in the opinion included as Exhibit 5.0.
         
23.2   Consent of Yount, Hyde & Barour, P.C.   Filed herewith.
         
24.0   Power of Attorney   Located on the signature page.
         
99.1   Bank of Virginia 2011 Stock Incentive Plan   Incorporated by reference  to Exhibit 10.5 to the Company’s Registration Statement on Form S-4 (File No. 333-186087), as amended, initially filed with the SEC on January 18, 2013.

 

 

EX-5.0 2 v383047_ex5-0.htm EXHIBIT 5.0

 

 

Suite 900, 607 14th Street, NW

Washington, DC 20005-2018

t 202 508 5800 f 202 508 5858

 

July 3, 2014

direct dial 202 508 5825

direct fax 202 204 5600

akaslow@kilpatricktownsend.com

 

Board of Directors

Cordia Bancorp Inc.

11730 Hull Street Road

Midlothian, Virginia 23112

 

Re:Bank of Virginia 2011 Stock Incentive Plan

 

Board Members:

 

We have been requested by Cordia Bancorp Inc., a Virginia corporation (the “Company”), to issue our opinion in connection with the registration of shares of the Company’s common stock, par value $0.01 per share, under the Securities Act of 1933, as amended (the “Securities Act”). The Registration Statement on Form S-8 (the “Registration Statement”) covers 800,000 shares of common stock which may be issued upon the exercise of options to purchase shares of such common stock to be granted under the Bank of Virginia 2011 Stock Incentive Plan (the “Stock Incentive Plan”) or (ii) the granting of stock awards to be granted under the Stock Incentive Plan.

 

We have made such legal and factual examinations and inquiries as we have deemed advisable for the purpose of rendering this opinion. In our examination, we have assumed but have not verified: (i) the genuineness of all signatures; (ii) the authenticity of all documents submitted to us as originals; (iii) the conformity with the originals of all documents supplied to us as copies; and (iv) the accuracy and completeness of all corporate records and documents and of all certificates and statements of fact in each case given or made available to us by the Company or its subsidiaries.

 

Based on the foregoing, and limited in all respects to Virginia law, it is our opinion that the shares reserved for issuance and distribution under the Stock Incentive Plan are duly authorized, and that, with respect to the shares issuable upon the exercise of stock options to be granted under the Stock Incentive Plan, upon payment for such shares, and, with respect to the issuance of shares upon the granting of stock awards to be granted under the Stock Incentive Plan, upon issuance of such shares in the manner described in the Stock Incentive Plan, all such shares will be validly issued, fully paid and nonassessable.

 

We note that, although certain portions of the Registration Statement (the financial statements and schedules) have been included therein (through incorporation by reference) on the authority of “experts” within the meaning of the Securities Act, we are not experts with respect to any portion of the Registration Statement, including, without limitation, the financial statements or schedules or the other financial information or data included therein or omitted therefrom.

 

Atlanta Augusta Charlotte Denver Dubai New York Oakland Raleigh San Diego San Francisco Seattle Silicon Valley Stockholm Taipei Tokyo Walnut Creek Washington Winston-Salem

 

 
 

 

Board of Directors

Cordia Bancorp Inc.

July 3, 2014

Page 2

 

We hereby consent to the filing of this opinion as an exhibit to the Company’s Registration Statement on Form S-8.

 

  Very truly yours,
   
  KILPATRICK TOWNSEND & STOCKTON LLP
     
  By: /s/ Aaron M. Kaslow
    Aaron M. Kaslow, a Partner

 

 

EX-23.2 3 v383047_ex23-2.htm EXHIBIT 23.2

 

Exhibit 23.2

 

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

We consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated March 26, 2014, relating to our audit of the consolidated financial statements of Cordia Bancorp Inc., which appears in the Annual Report on Form 10-K of Cordia Bancorp Inc., for the year ended December 31, 2013.

 

/s/ Yount, Hyde & Barbour, P.C.  
   
Winchester, Virginia  
July 3, 2014  

 

 

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