Business Context and Reporting Period
This Form 8-K Current Report was filed by Primis Financial Corp. (formerly Southern National Bancorp of Virginia, Inc.) on March 31, 2021. The filing documents a corporate name change and associated administrative updates effective as of the report date.
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 corporate governance and securities identification changes rather than financial performance.
Material Changes
- Corporate Name: The company changed its name from "Southern National Bancorp of Virginia, Inc." to "Primis Financial Corp."
- Trading Symbol: The Nasdaq trading symbol changed from "SONA" to "FRST," effective at market opening on March 31, 2021.
- CUSIP Number: The CUSIP for common stock changed to 74167B 109.
- Bylaws Amendment: The company amended its Bylaws to reflect the name change and removed director age limits.
Outlook, Risks, and Unusual Items
There are no financial risks, contingencies, or unusual items disclosed in this filing. Management commentary is limited to the procedural details of the name change. Shareholders holding certificated shares are required to surrender their certificates to the transfer agent, Computershare, to convert them to book entry form under the new CUSIP. No action is required for shareholders holding shares in book entry form.
Investor Verification Checklist
- Verify the new ticker symbol "FRST" on trading platforms.
- Confirm the updated CUSIP number (74167B 109) for record-keeping.
- Check for physical stock certificates that require surrender to Computershare for conversion.
- Review the attached Amended and Restated Bylaws for the removal of director age limits.