SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Item 7.01Regulation FD Disclosure
On November 18, 2020, C&F Financial Corporation issued a news release announcing the Board of Directors declared a cash dividend payable January 1, 2021 and authorized a share repurchase program, as further described in Item 8.01 of this Current Report on Form 8-K. A copy of the Company’s news release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 7.01.
Item 8.01Other Events
On November 17, 2020, the Board of Directors of the Corporation authorized a program, effective November 17, 2020, to repurchase up to 365,000 shares of the Corporation’s common stock through November 30, 2021. Repurchases under the program may be made through privately negotiated transactions or open market transactions, including pursuant to a trading plan in accordance with Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934, as amended, and shares repurchased will be returned to the status of authorized and unissued shares of common stock. The timing, number and purchase price of shares repurchased under the program, if any, will be determined by management in its discretion and will depend on a number of factors, including the market price of the shares, general market and economic conditions, applicable legal requirements and other conditions, and there is no assurance that the Corporation will purchase any shares under the program. The Corporation’s previous share repurchase program expired on May 31, 2020.
Item 9.01Financial Statements and Exhibits
|99.1||C&F Financial Corporation news release dated November 18, 2020|
104 Cover Page Interactive Data File (formatted as inline XBRL and contained in
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
C&F FINANCIAL CORPORATION
November 18, 2020
/s/ Jason E. Long
Jason E. Long
Chief Financial Officer and Secretary