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): March 1, 2023
| | New Peoples Bankshares, Inc. | |
| (Exact name of registrant as specified in its charter) |
| Virginia | | 000-33411 | | 31-1804543 |
| (State or other jurisdiction | | (Commission | | (IRS Employer |
| of incorporation) | | File Number) | | Identification No.) |
67 Commerce Drive Honaker, Virginia | | 24260 |
| (Address of principal executive offices) | | (Zip Code) |
| Registrant’s telephone number, including area code: (276) 873-7000 |
| |
N/A
(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:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| None |
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. [ ]
Item 8.01. Other Events
On March 1, 2023, New Peoples Bankshares, Inc. (the “Company”) issued a press release announcing the board of directors declared a dividend payment of $.06 per share of common stock. The dividend will be payable March 31, 2023 to shareholders of record as of March 15, 2023.
In the same March 1, 2023 press release, the Company announced that its board of directors authorized the continuation of the repurchase of up to 500,000 shares through March 31, 2024. A copy of the press release is attached as Exhibit 99.2 to this report and is incorporated by reference to this Item 8.01.
A copy of the press release is attached as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
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.
| | | NEW PEOPLES BANKSHARES, INC. |
| | | | |
| Date: | March 1, 2023 | | By: | /s/ Chris. Speaks |
| | | | Chris Speaks |
| | | | Executive Vice President and Chief Financial Officer |
| | | | | |
