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 (Date of Earliest Event Reported): May 3, 1999
NATIONAL BANKSHARES, INC.
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(Exact name of Registrant as specified in its charter)
Virginia 0-15204 54-1375874
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
P.O. Box 90002
Blacksburg, Virginia 24062-9002
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (540) 552-2011
Page 1 of 2 Pages
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Item 5 Other Events
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National Bankshares, Inc., today announced that its March 15, 1999
Stock Tender Offer was successfully concluded as scheduled at 5:00 P.M.
Eastern Daylight Time, on Friday, April 30, 1999. The company had offered
to purchase up to 200,000 shares of its common stock at $28.00 per share.
As permitted by the Stock Tender Offer, the company has increased the offer
by 2% of the total stock outstanding to 275,856 shares. With certain
exceptions for odd-lot stockholders and stockholders who made a conditional
tender of shares, the Tender Offer was structured to provide that the
company would purchase the tendered shares on a pro-rata basis in the event
of an over-subscription. National Bankshares, Inc. has determined that
sufficient shares of common stock were properly tendered prior to the close
of the Stock Tender Offer that proration of tendered shares will take
place. The company is now in process of analyzing the impact of odd-lot
and conditional tenders on the proration factor. It is anticipated that
the payment for tendered shares will be made in approximately ten business
days and that certificates for all tendered shares not purchased will be
returned as soon as practicable.
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