Filing Summary
Business context and reporting period
Virginia National Bankshares Corporation (Nasdaq: VABK) filed this Form 8-K on October 8, 2026, reporting an event announced October 6, 2026.
Key financial information
The filing reports no revenue, earnings, cash flow, margin, debt, liquidity, or other operating results. It authorizes repurchases of up to $18.7 million of the Company’s common stock.
Material change
The Company announced a new share repurchase authorization, effective through October 5, 2027. The filing provides no comparison with a prior repurchase plan or period.
Plan terms, outlook, and considerations
- Repurchases may occur in open-market or privately negotiated transactions, or otherwise; timing and amount will depend on market conditions and corporate needs.
- Open-market repurchases are expected to comply with Rule 10b-18. The Company may also use Rule 10b5-1 plans.
- The authorization does not require the Company to repurchase any shares and may be extended, modified, suspended, or discontinued at the Company’s discretion.
Important facts for investors to verify
- Whether and how much of the $18.7 million authorization is used, and the prices and timing of repurchases.
- Any subsequent disclosures about repurchase activity or changes to the plan.
- The filing does not state the expected impact of repurchases on capital, liquidity, or per-share results.