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): June 3, 2019
OLD POINT FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
| Virginia | | 000-12896 | | 54-1265373 |
| (State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
1 West Mellen Street
Hampton, Virginia 23663
(Address of principal executive offices) (Zip Code)
(757)728-1200
(Registrant's telephone number, including area code)
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)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, $5.00 par value | OPOF | The NASDAQ Stock Market LLC |
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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 3, 2019, Jeffrey W. Farrar notified Old Point Financial Corporation (the “Company”) of his decision to resign from the Company effective July 1, 2019. Mr. Farrar will continue in his current role as the Company’s Chief Financial Officer & Senior Vice President/Finance and as Chief Financial Officer & Executive Vice President of The Old Point National Bank of Phoebus (the “Bank”), through July 1, 2019. Mr. Farrar will be succeeded on an interim basis by Elizabeth T. Beale, who will serve as Interim Chief Financial Officer of the Company effective July 2, 2019. Ms. Beale will also succeed Mr. Farrar at such time as the Company’s interim principal financial and accounting officer.
Ms. Beale, age 47, has served as the Bank’s Senior Vice President and Chief Accounting Officer since April, 2018. Prior to joining the Bank, Ms. Beale served as Chief Financial Officer of Citizens National Bank, Windsor, Virginia from April 2003 until its merger with the Company in 2018. There are no arrangements or understandings between Ms. Beale and any other person pursuant to which she was appointed, nor are there are any family relationships between Ms. Beale and any of the Company's directors or executive officers. Ms. Beale does not have any material interest in any transactions, relationships or arrangements with the Company that would require disclosure under Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended.
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.
| | | | Old Point Financial Corporation | |
| | | | Registrant | |
| | | | | |
| | Date: June 4, 2019 | | | |
| | | | /s/ Robert F. Shuford, Sr. | |
| | | | Robert F. Shuford, Sr. | |
| | | | Chairman of the Board | |
| | | | President & Chief Executive Officer | |
