UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
PURSUANT TO SECTIONS 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
February 9, 2009
QNB Corp.
(Exact name of registrant as specified in its charter)
| Pennsylvania | 0-17706 | 23-2318082 |
| (State or other jurisdiction of | (Commission File Number) | (I.R.S. Employer Identification No.) |
| incorporation or organization) |
| 15 North Third Street, Quakertown, PA | 18951-9005 |
| (Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (215)538-5600
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events
On February 9, 2009, QNB Corp. announced that its Board of Directors had authorized the purchase of up to 100,000 shares of its common stock in the open market or in privately negotiated transactions. This authorization represents an increase from the 50,000 share repurchase program announced in January 2008. The repurchase authorization does not bear a termination date. At February 9, 2009, there were 3,133,192 common shares outstanding and 6,658 shares had been repurchased under the previously authorized plan. On February 9, 2009, QNB Corp. also announced the declaration of a quarterly cash dividend of $0.24 per share payable March 27, 2009 to shareholders of record March 6, 2009.
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 thereunto duly authorized.
| QNB Corp. | ||
| By: | /s/ Bret H. Krevolin | |
| Bret H. Krevolin | ||
| Chief Financial Officer |
Dated: February 9, 2009