Current Report Filing (8-k)
May 17 2017 - 4:11PM
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:
May
17, 2017
(Date of earliest event reported)
ACCESS NATIONAL CORPORATION
(Exact
name of registrant as specified in its charter)
Virginia
(State or other jurisdiction of
incorporation)
|
000-49929
(Commission
File Number)
|
82-0545425
(I.R.S. Employer
Identification No.)
|
1800 Robert Fulton Drive, Suite 300
Reston, Virginia 20191
(Address
of principal executive offices) (Zip Code)
(703) 871-2100
(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 (
see
General Instruction A.2. below):
⃞
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
a new or revised financial accounting standards provided pursuant to
Section 13(a) of the Exchange Act.
⃞
Item 2.02. Results of Operations and Financial Condition.
The following information is intended to be furnished under Item 2.02 of
Form 8-K, “Results of Operations and Financial Condition.” This
information shall not be deemed “filed” for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or
incorporated by reference in any filing under the Securities Act of
1933, as amended, or the Exchange Act, whether made before or after the
date of this report, regardless of any general incorporation language in
the filing.
On May 17, 2017 Access National Corporation (the “Corporation”)
announced that it had filed a Form 12b-25 (the “Form 12b-25”) with the
Securities and Exchange Commission in connection with the Company’s
Quarterly Report on Form 10-Q for the quarter ended March 31, 2017 (the
“1Q 2017 Form 10-Q”). During the review of the 1Q2017 Form 10-Q, the
Corporation and its independent auditor identified an issue related to
the timing of recognition of investment banker fees related to the
acquisition of Middleburg Financial Corporation that was not identified
prior to the issuance of the Corporation’s earnings release for the
first quarter of 2017 (the “Earnings Release”). These investment banker
fees of approximately $1.5 million are pre-tax merger-related expenses
that were reported in the Earnings Release as incurred during the three
months ended March 31, 2017, which now will be reported by the
Corporation as incurred during the three months ended June 30, 2017. As
a result of this change, the Corporation expects to report in its 1Q2017
Form 10-Q merger-related expenses of $600 thousand and net income of
$2.6 million, in each case for the three months ended March 31, 2017,
compared to $2.1 million and $1.4 million, respectively, as previously
reported in the Earnings Release for the same period. For more
information please see the Form 12b-25.
The Corporation intends to file the 1Q 2017 Form 10-Q with the
Securities and Exchange Commission on or before May 22, 2017.
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.
|
ACCESS NATIONAL CORPORATION
|
|
|
|
|
|
By:
|
/s/ Margaret M. Taylor
|
|
|
|
Margaret M. Taylor
|
|
|
|
Executive Vice President and Chief
Financial Officer
|
|
May 17, 2017
Access National Corp. (NASDAQ:ANCX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Access National Corp. (NASDAQ:ANCX)
Historical Stock Chart
From Jul 2023 to Jul 2024