Current Report Filing (8-k)
July 10 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:
July 8, 2019
(Date of earliest event reported)
_________________________
Atlantic
Union Bankshares Corporation
(Exact name of registrant as specified in
its charter)
_________________________
Virginia
(State or other jurisdiction of
incorporation)
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0-20293
(Commission
File Number)
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54-1598552
(I.R.S. Employer
Identification No.)
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1051 East Cary Street
Suite 1200
Richmond, Virginia 23219
(Address of principal executive offices)
(Zip Code)
(804) 633-5031
(Registrant’s telephone number, including
area code)
_________________________
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):
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Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, par value $1.33 per share
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AUB
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The NASDAQ Global Select Market
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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
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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.
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Item 8.01 Other Events.
On July 10, 2019, Atlantic Union
Bankshares Corporation (the “Company”) announced that its Board of Directors has authorized (effective July 8,
2019) a share repurchase program to purchase up to $150 million of the Company’s common stock in open market
transactions or privately negotiated transactions, including pursuant to a trading plan in
accordance with Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The authorization
permits management to repurchase shares of the Company’s common stock from time to time at management’s
discretion. The actual means and timing of any shares purchased under the program will depend on a variety of factors,
including the market price of the Company’s common stock, general market and economic conditions, and applicable legal
and regulatory requirements. The repurchase program is authorized through June 30, 2021 (subject to regulatory approval for
purchases after July 8, 2020), although it may be modified or terminated by the Board of Directors at any time. The
repurchase program does not obligate the Company to purchase any particular number of shares. A copy of the Company’s
press release is attached as Exhibit 99.1 to this Form 8-K and is incorporated by reference into this Item 8.01.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits.
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.
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ATLANTIC UNION BANKSHARES CORPORATION
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Date: July 10, 2019
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By:
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/s/ Robert M. Gorman
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Robert M. Gorman
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Executive Vice President
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and Chief Financial Officer
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