SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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Current Report
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): July 19, 2022
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BANK OF THE JAMES FINANCIAL GROUP, INC.
(Exact Name of Registrant as Specified in Its Charter)
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Virginia | 001-35402 | 20-0500300 |
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (IRS Employer Identification No.) |
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828 Main Street, Lynchburg, VA |
| 24504 |
(Address of Principal Executive Offices) |
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Registrant’s telephone number, including area code |
| (434) 846-2000 |
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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:
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☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ | 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, $2.14 par value |
| BOTJ |
| The NASDAQ Capital Market |
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 2.02 - Results of Operations and Financial Condition
On Friday, July 22, 2022, Bank of the James Financial Group, Inc. (the “Company”) issued a press release announcing financial results for the quarter and year-to-date periods ended June 30, 2022 (the “Press Release”). A copy of the Press Release is attached hereto as Exhibit 99.1.
Item 8.01 – Other Events
On July 19, 2022, the Board of Directors of the Company declared a quarterly cash dividend of $0.07 per share of common stock. The dividend will be paid on or about September 16, 2022, to stockholders of record as of the close of business on September 2, 2022. The Company announced the declaration of the dividend in the Press Release, a copy of which is attached hereto as Exhibit 99.1.
On July 19, 2022, the Company’s Board of Directors approved a stock repurchase plan to purchase up to $500,000 of the Company’s common stock, par value $2.14, through July 18, 2023 (the “Stock Repurchase Program”). The shares may be purchased pursuant to the Stock Repurchase Program from time to time in open market transactions at prevailing market prices or in privately negotiated transactions, all in accordance with Rule 10b5-1 and 10b-18 under the Securities Exchange Act of 1934. A copy of the Press Release announcing the Stock Repurchase Program is attached hereto as Exhibit 99.1.
Item 9.01 - Financial Statements and Exhibits
(a) Financial statements of businesses acquired – not applicable
(b) Pro forma financial information – not applicable
(c) Shell company transactions – not applicable
(d) Exhibits
SIGNATURE
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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Date: July 22, 2022 |
| BANK OF THE JAMES FINANCIAL GROUP, INC. |
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| By /s/ J. Todd Scruggs J. Todd Scruggs Secretary-Treasurer |
