-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, E2MTyGwAy1IColLKbCj8H1nlZD/yHtk8MQGs8ka+r3xG3qdyZuAVM66fNwGO4MJX EtE9JX4eQG41uk3TCOqSwg== 0000741516-03-000018.txt : 20030820 0000741516-03-000018.hdr.sgml : 20030820 20030820103346 ACCESSION NUMBER: 0000741516-03-000018 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030820 ITEM INFORMATION: Other events FILED AS OF DATE: 20030820 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: 03857234 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 8-K 1 aug03-8k.txt 8K AUGUST 20, 2003 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: August 20, 2003 --------------- Commission file number 0-12820 ------- AMERICAN NATIONAL BANKSHARES INC. --------------------------------- (Exact name of registrant as specified in its charter) VIRGINIA 54-1284688 -------------------------------- -------------------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 628 Main Street Danville, Virginia 24541 ---------------------------------------- -------------------- (Address of principal executive offices) (Zip Code) (434) 792-5111 ---------------------------------------------------- (Registrant's telephone number, including area code) Item 5. Other Events. On August 19, 2003, the Board of Directors authorized the repurchase of shares of its Common Stock in transactions privately negotiated with shareholders and in market transactions with securities brokers and dealers. A press release was issued on August 20, 2003, a copy of which is furnished herewith as an Exhibit 99.1. Exhibits 99.1 Press Release announcing the authorized repurchase of up to 250,000 shares of common stock and declaration of quarterly cash dividend of $0.19 per share. - -------------------------------------------------------------------------------- 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. AMERICAN NATIONAL BANKSHARES INC. --------------------------------- (Registrant) Date - August 20, 2003 By: /s/ Brad E. Schwartz ---------------------------- Senior Vice President and Secretary-Treasurer (Chief Financial Officer) EX-99 2 ex99-108038k.txt EXHIBIT 99.1 08/20/03 8K Exhibit 99.1 American National Bankshares Approves Stock Repurchase Plan And Announces Quarterly Dividend FOR IMMEDIATE RELEASE (Danville, Virginia) - At its meeting on Tuesday, August 19, 2003, the Board of Directors of American National Bankshares Inc. (NASDAQ: AMNB), parent company of American National Bank and Trust Company, approved the repurchase of up to 250,000 shares of common stock between August 20, 2003 and August 17, 2004. Repurchases are to be made through open market purchases or in privately negotiated transactions and any shares repurchased under the plan will be cancelled and retired. Scott & Stringfellow, Inc. will serve as dealer-manager for the repurchase program. The Corporation has been repurchasing shares of its stock since August of 2000. At the same meeting the Board of Directors also declared a quarterly cash dividend of $0.19 per share of common stock, payable on September 19, 2003, to shareholders of record on September 5, 2003. This represents an increase of 5.6% when compared to the same period one year prior. American National Bankshares Inc. is the holding company of American National Bank and Trust Company, a community bank with fourteen offices in Danville, Chatham, Collinsville, Gretna, Martinsville, Henry County, and South Boston, Virginia, and Yanceyville, North Carolina. Services are also provided through seventeen ATMs, "AmeriLink" internet banking, and our 24-hour "Access American" phone banking. Banking subsidiaries include ANB Mortgage Corp. (secondary mortgage origination), ANB Investor Services (retail brokerage) and ANB Insurance Services (full-service insurance agency).Additional information is available on our website at www.amnb.com. The shares of American National Bankshares Inc. are traded on the NASDAQ National Market under the symbol "AMNB". This press release may contain "forward-looking statements," within the meaning of federal securities laws that involve significant risks and uncertainties. Statements herein are based on certain assumptions and analyses by the Corporation and are factors it believes are appropriate in the circumstances. Actual results could differ materially from those contained in or implied by such statements for a variety of reasons including, but not limited to: changes in interest rates; changes in accounting principles, policies, or guidelines; significant changes in the economic scenario: significant changes in regulatory requirements; and significant changes in securities markets. Consequently, all forward-looking statements made herein are qualified by these cautionary statements and the cautionary language in the Corporation's most recent Form 10-K report and other documents filed with the Securities and Exchange Commission. American National Bankshares Inc. does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. Brad E. Schwartz CPA Senior Vice President and Chief Financial Officer American National Bank & Trust Company American National Bankshares Inc. NASDAQ "AMNB" 103 Tower Drive Danville, VA 24543 434-773-2242 434-773-2277 fax schwartzb@amnb.com -----END PRIVACY-ENHANCED MESSAGE-----