Business Context and Reporting Period
This Form 8-K filing by BANK OF THE JAMES FINANCIAL GROUP INC covers the reporting period of February 21, 2006. The report addresses corporate governance changes, specifically the appointment of a new director and audit committee financial expert.
Key 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 personnel appointments and does not contain financial performance data.
Material Changes
The material change reported is the appointment of Mr. Lewis C. Addison to the Company's Board of Directors and the Board of Directors of its wholly-owned subsidiary, Bank of the James. Mr. Addison has been assigned to the Audit and Investment Committees and has been designated as the "audit committee financial expert" under Item 401(e) of Regulation S-B.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary on future performance, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Mr. Lewis C. Addison was appointed to the Board of Directors on February 21, 2006.
- Mr. Addison serves on the Audit and Investment Committees.
- Mr. Addison has been formally designated as the audit committee financial expert.
- The appointment also extends to the Board of Directors of the subsidiary, Bank of the James.