Current Report Filing (8-k)
February 28 2019 - 4:35PM
Edgar (US Regulatory)
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):
February 28, 2019
Southern
National Bancorp of Virginia, Inc.
(Exact name of registrant as specified in its charter)
Virginia
|
001-33037
|
20-1417448
|
(State or other jurisdiction of incorporation)
|
(Commission File Number)
|
(IRS Employer Identification No.)
|
6830 Old Dominion Drive
McLean, Virginia 22101
(Address of Principal Executive Offices) (Zip Code)
(703) 893-7400
(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))
|
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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 February 28, 2019, the Board of Directors
(the “Board”) of Southern National Bancorp of Virginia, Inc. (the “Company” or “Southern National”)
appointed George C. Sheflett, Jr. to serve as Executive Vice President, Chief Operating Officer and Chief Information Officer of
the Company, effective March 1, 2019.
Mr. Sheflett, 48, most recently served as
Executive Vice President and Chief Information Officer of Sonabank. Mr. Sheflett holds a Bachelor’s degree in Computer Science
from Strayer University.
Mr. Sheflett will receive an annual base
salary at the rate of $208,000 per year, and he will be eligible for an annual bonus at the discretion of the Board. The Company
intends to enter into a change in control agreement with Mr. Sheflett pursuant to which he will receive his monthly salary for
eighteen months in the event of a change in control of the Company.
There are no familial relationships between
Mr. Sheflett and any director or executive officer of the Company. Finally, Mr. Sheflett has not engaged in any transaction with
the Company that would be reportable as a related party transaction under Item 404(a) of Regulation S-K.
A copy of the press release announcing Southern
National’s appointment of Mr. Sheflett is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01
|
Financial Statements and Exhibits.
|
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
SOUTHERN NATIONAL BANCORP OF VIRGINIA, INC.
|
|
|
|
|
|
By:
|
/s/ Joe A. Shearin
|
|
February 28, 2019
|
|
Joe A. Shearin
|
|
|
|
Chief Executive Officer
|
|
Southern National Bancor... (NASDAQ:SONA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Southern National Bancor... (NASDAQ:SONA)
Historical Stock Chart
From Sep 2023 to Sep 2024