Attached files

file filename
EX-99.1 - EXHIBIT 99.1 - Parkway Acquisition Corp.ex_187727.htm

 

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): May 19, 2020

___________

 

PARKWAY ACQUISITION CORP.

(Exact name of registrant as specified in its charter)

 

Virginia

(State or other jurisdiction

of incorporation)

333-209052

(Commission File Number)

47-5486027

(I.R.S. Employer

Identification No.)

 

 

 

101 Jacksonville Circle

Floyd, Virginia

(Address of principal executive offices)

 

24091

(Zip Code)

 

Registrant’s telephone number, including area code: (540) 745-4191

 

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))

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

None

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

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.

 

As previously disclosed by Parkway Acquisition Corp. (the “Company”), the Company has entered into change in control agreements with certain of its executive officers, including Jonathan L. Kruckow, the Company’s Executive Vice President and Regional President, Virginia, and Lorina C. Vaught, the Company’s Executive Vice President and Chief Financial Officer. On May 19, 2020, the Board of Directors of the Company amended these change in control agreements to extend the term of such agreements for one year from May 31, 2020 to May 31, 2021.

 

Item 8.01

Other Events.

 

On May 21, 2020, the Company issued a press release announcing an amendment to its stock repurchase plan. A copy of the press release is attached as Exhibit 99.1 to this report and is incorporated by reference into this Item 8.01.

 

Item 9.01

Financial Statements and Exhibits.

 

(d) Exhibits.

 

     Exhibit No.          Description

 

     99.1                      Press Release dated May 21, 2020

 

 

 

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.

 

 

 

PARKWAY ACQUISITION CORP.

                   (Registrant)

 

 

 

 

 

 

 

 

 

Date: May 21, 2020

By:

/s/ Blake M. Edwards

 

 

 

Blake M. Edwards

President and Chief Executive Officer