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| HBKS > SEC Filings for HBKS > Form 8-K on 7-Dec-2012 | All Recent SEC Filings |
7-Dec-2012
Other Events, Financial Statements and Exhibits
On December 7, 2012, Heritage Bankshares, Inc. (the "Company") issued a press release announcing that the Company's Board of Directors has declared a special cash dividend on the Company's common stock in the amount of $0.36 per share, payable on December 26, 2012 to shareholders of record on December 17, 2012. The Company currently contemplates that the special dividend will consist of (a) an acceleration of - and payment in lieu of - total aggregate dividends of $0.24 per share that the Company would have otherwise expected to pay during the 2013 calendar year and (b) an additional amount of $0.12 per share.
The Company also announced in the press release that it has modified its existing share repurchase program to reduce the maximum number of shares of common stock available for repurchase thereunder from 116,000 shares to approximately 48,000 shares.
The foregoing is qualified by reference to the press release which is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by this reference.
(d) Exhibits
99.1 Press Release issued by Heritage Bankshares, Inc. on December 7, 2012.
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