Item 2.02 - Results of Operations and Financial Condition
On Friday, April 21, 2023, Bank of the James Financial Group, Inc. (the
"Company") issued a press release announcing financial results for the quarter
ended March 31, 2023 (the "Press Release"). A copy of the Press Release is
attached hereto as Exhibit 99.1.
Item 8.01 - Other Events
On April 18, 2023, the Board of Directors of the Company declared a quarterly
cash dividend of $0.08 per share of common stock. The dividend will be paid on
or about June 16, 2023, to stockholders of record as of the close of business on
June 2, 2023.
On April 18, 2023, the Company announced that pursuant to the stock repurchase
plan that the Company adopted on February 6, 2023 the Company repurchased 68,619
shares of common stock in the quarter ended March 31, 2023 and an additional
16,700 shares since that time. Because those repurchases exhausted substantially
all of the funds allocated under the plan, the Company's board of directors
terminated the stock repurchase plan on April 18, 2023. A copy of the Press
Release announcing the repurchases and the termination of the stock repurchase
plan is attached hereto as Exhibit 99.1.
Item 9.01 - Financial Statements and Exhibits
(a) Financial statements of businesses acquired - not applicable
(b) Pro forma financial information - not applicable
(c) Shell company transactions - not applicable
(d) Exhibits
Exhibit No. Exhibit Description
99.1 Bank of the James Financial Group, Inc. Press Release dated April
21, 2023
104 The cover page from this Current Report on Form 8-K, formatted in
Inline XBRL
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