SEC Filing Summary: Southern National Bancorp of Virginia, Inc.
Business Context and Reporting Period
This Form 8-K Current Report was filed on October 13, 2009, by Southern National Bancorp of Virginia, Inc. (Note: The request metadata references "Primis Financial Corp.", but the filing text identifies the registrant as Southern National Bancorp of Virginia, Inc.). The report details a corporate governance amendment approved by the Board of Directors on October 13, 2009.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a change to the company's bylaws and does not contain financial performance data.
Material Changes
The Board of Directors unanimously approved an amendment to Article IV, Section 4.2 of the Amended and Restated Bylaws. The key change is the implementation of a staggered board of directors divided into three classes, effective October 13, 2009. Previously, the bylaws provided for only one class of directors. This amendment aligns the bylaws with Article 8.A. of the Articles of Incorporation.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document is a procedural notice regarding the amendment of corporate bylaws.
Key Facts for Investor Verification
- Confirm the registrant name is Southern National Bancorp of Virginia, Inc., not Primis Financial Corp.
- Verify the implementation of a staggered board structure (three classes) effective October 13, 2009.
- Review Exhibit 3.1 (Amendment No. 1 to Amended and Restated Bylaws) for the complete legal text of the governance change.
- Note that this filing contains no financial results or operational updates.