Business Context and Reporting Period
Company: Bank of the James Financial Group, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: September 6, 2012
Event: Completion of a private placement of unregistered notes.
Key Financial Metrics
Capital Raised: $10,000,000
Instrument: Unregistered notes
Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide specific values for these operational metrics. This report focuses solely on the capital transaction.
Material Changes
The primary material change reported is the successful completion of a private placement transaction on September 6, 2012, resulting in the issuance of $10,000,000 in unregistered notes. No other material changes to financial position or operations are detailed in this specific filing.
Guidance, Outlook, and Risks
Management Commentary: The filing references a press release (Exhibit 99.1) announcing the transaction but does not include specific forward-looking guidance or management commentary within the body of the 8-K text.
Risks and Contingencies: The filing explicitly states that the information, including the press release, is not considered "filed" for purposes of Section 18 of the Exchange Act and is not subject to the liabilities of that section. It is also not incorporated by reference into other filings.
Investor Verification Checklist
- Verify the specific terms, interest rate, and maturity date of the $10,000,000 unregistered notes by reviewing the attached Press Release (Exhibit 99.1).
- Confirm the use of proceeds from the private placement as detailed in the press release.
- Check subsequent filings (e.g., 10-Q or 10-K) for the impact of this debt issuance on the company's leverage ratios and liquidity position.
- Review the company's latest quarterly report for baseline revenue, profit, and cash flow figures not included in this 8-K.