UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE

SECURITIES EXCHANGE ACT OF 1934

 

 

Date of Report: May 14, 2008

Commission File Number: 0-15204

 

 

National Bankshares, Inc.

(Exact name of Registrant as specified in its charter)

 

 

Virginia

54-1375874

(State or other jurisdiction of incorporation or organization)

 

(I.R.S. Employer Identification No.)

 

 

                

 

101 Hubbard Street

Blacksburg, VA 24060

(Address of principal executive offices)

 

(540) 951-6300

Registrant’s telephone number, including area code

 

 

 

 

Page 1 of 2 Pages

 


ITEM 7.01 REGULATION FD DISCLOSURE

 

The following information and exhibit are being furnished pursuant to Regulation FD.

 

National Bankshares, Inc. issued a press release on May 14, 2008 announcing that its Board of Directors has declared a semi-annual dividend payable on June 2, 2008 to stockholders of record as of May 23, 2008. A copy of the press release is attached as Exhibit 99.1.

 

ITEM 8.01 OTHER EVENTS

 

National Bankshares, Inc.’s press release dated May 14, 2008 also announced the renewal of a stock repurchase plan, under which the Company’s management is authorized to repurchase up to 100,000 shares of common stock in the open market in the period from June 1, 2008 through May 31, 2009. The press release is attached as Exhibit 99.1.

 

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

 

(a)

Exhibits

 

99.1

National Bankshares, Inc. Press Release dated May 14, 2008.

 

 

 

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 14, 2008

 

By:       /s/ JAMES G. RAKES

James G. Rakes

Chairman

President and CEO

 

 

 

 

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