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: September 24, 2013
HOMETOWN BANKSHARES
CORPORATION
(Exact name of registrant as specified in its charter)
Virginia | | 333-158525 | | 26-4549960 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
| | |
202 S. Jefferson Street Roanoke, Virginia | | 24011 |
(Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (540) 345-6000
Not Applicable
(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)) |
Item 8.01 Other Events
On September 24, 2013, HomeTown Bankshares Corporation (the Company) used $10,374,000 of the proceeds from the recent sale of its Series C Non-Cumulative Perpetual Convertible Preferred Stock to redeem 10,000 shares of its Series A Cumulative Perpetual Preferred Stock and 374 shares of its Series B Cumulative Perpetual Preferred Stock. This redemption will reduce the Company’s preferred stock dividend obligation by $534 thousand per year.
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.
| | HOMETOWN BANKSHARES CORPORATION |
Date: September 24, 2013 | | By: | | /s/ Charles W. Maness, Jr. |
| | | | | Charles W. Maness, Jr., |
| | | | | Executive Vice President and Chief Financial Officer |
