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): July 17, 2012
HIGHLANDS BANKSHARES, INC.
(Exact name of registrant as specified in its charter)
| West Virginia | 0-16761 | 55-0650793 |
| (State or other jurisdiction of | (Commission File Number) | (I.R.S. Employer |
| Incorporation or organization | Identification No.) |
| P.O. Box 929 | |
| Petersburg, WV | 26847 |
| (Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code (304) 257-4111
| 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)) |
Page 2
Section 1 – Registrant’s Business and Operations
| Item 5.02 | Departure of Directors or Certain Officers, Appointment of Certain Others, Compensatory Arrangements of Certain Officers |
Effective July 17, 2012, L. Keith Wolfe submitted his resignation from the Highlands Bankshares, Inc. and The Grant County Bank Boards of Directors due to health reasons.
The Company is grateful to Mr. Wolfe for his many years of service as a board member and his commitment of time and talent on behalf of the Company.
The Board of Directors of Highlands Bankshares, Inc. appointed Mr. Jack C. Barr, Chairman of the Board of The Grant County Bank, its wholly-owned subsidiary, to fill the remaining class B board seat of Mr. Wolfe. Mr. Barr is a practicing attorney and has served on The Grant County Bank Board of Directors since 2003 and in 2011 was appointed Chairman. Mr. Barr’s knowledge and experience adds insight and perspective to the board.
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.
| HIGHLANDS BANKSHARES, INC. | |
| (Registrant) | |
| /s/Jeffrey B. Reedy | |
| Jeffrey B. Reedy, Chief Financial Officer | |
July 17, 2012
