Business Context and Reporting Period
Company: Bank of the James Financial Group, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: May 18, 2021
Event: Submission of matters to a vote of security holders at the Annual Meeting of Shareholders held on May 18, 2021, and announcement of a stock dividend.
Key Financial Metrics
This filing is a corporate governance report and does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The filing text does not provide a clear value for these items.
Material Changes and Corporate Actions
- Shareholder Voting Results:
- Proposal 1 (Director Elections): Shareholders elected four Group Three directors (Lewis C. Addison, John R. Alford, Jr., William C. Bryant III, and J. Todd Scruggs) for a three-year term. All candidates received majority support.
- Proposal 2 (Auditor Ratification): Shareholders ratified the appointment of Yount, Hyde & Barbour, P.C. as the independent registered public accounting firm for the year ending December 31, 2021.
- Proposal 3 (Executive Compensation): Shareholders approved the non-binding advisory resolution regarding named executive officer compensation.
- Stock Dividend: The Company declared a 10% stock dividend.
- Record Date: June 25, 2021.
- Payable Date: On or about July 9, 2021.
- Voting Participation: As of the record date (March 23, 2021), 4,234,836 shares were outstanding. Approximately 79.70% (3,447,075 shares) were represented at the meeting.
Guidance, Outlook, and Risks
The filing does not contain management commentary on future guidance, outlook, specific risks, or contingencies beyond the standard disclosure of the stock dividend and voting results.
Investor Verification Checklist
- Verify the impact of the 10% stock dividend on share count and per-share metrics in subsequent filings.
- Confirm the composition of the Board of Directors following the election of the four new directors.
- Review the Proxy Statement dated April 10, 2021, for detailed executive compensation data referenced in Proposal 3.
- Monitor the July 9, 2021 payment date for the stock dividend distribution.