UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report: May 9, 2007 Commission File Number: 0-15204
National Bankshares, Inc.
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(Exact name of Registrant as specified in its charter)
Virginia 54-1375874
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
101 Hubbard Street
Blacksburg, VA 24060
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(Address of principal executive offices)
Registrant's telephone number, including area code (540) 951-6300
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Page 1 of 2 Pages
ITEM 7.01 REGULATION FD DISCLOSURE
The following information and exhibit is being furnished pursuant to Regulation
FD.
National Bankshares, Inc, issued a press release on May 9, 2007, announcing that
its Board of Directors has declared a semi-annual dividend of $0.37 per share
payable on June 1, 2007 to stockholders of record as of May 21, 2007. The press
release is attached as Exhibit 99.1 and is incorporated herein by reference.
ITEM 8.01 OTHER EVENTS
The Company's May 9, 2007 press release also announced the renewal of a stock
repurchase plan under which the Company's management is authorized to repurchase
up to 100,000 of common stock in the open market in the period from June 1, 2007
through May 31, 2008. The press release is attached as Exhibit 99.1 and is
incorporated herein by reference.
Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
99.1 National Bankshares, Inc. press release dated May 9, 2007.
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
NATIONAL BANKSHARES, INC.
Date: May 9, 2007 By: /s/ JAMES G. RAKES
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James G. Rakes
Chairman
President and Chief Executive Officer
Page 2 of 2 Pages