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: March 16, 2006 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 jurisdict (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 5.03 AMENDMENT AND RESTATEMENT OF ARTICLES OF
INCORPORATION
On March 2, 2006 a Certificate of Amendment amending and restating the
Articles of Incorporation of National Bankshares, Inc. was issued and admitted
to record in the Office of the Clerk of the State Corporation Commission of the
Commonwealth of Virginia. Article 2.(a) of the Articles of Incorporation was
amended to reduce the par value of the 10,000,000 authorized shares of common
stock from $2.50 per share to $1.25 per share. The Articles of Incorporation
were amended to facilitate the Corporation's recently announced two-for-one
split of its common stock, which will be effective for stockholders of record on
March 20, 2006 and payable on March 31, 2006. The amended and restated Articles
of Incorporation of National Bankshares, Inc. are attached as Exhibit 3.1.
Exhibit 3.1
Amended and Restated Articles of Incorporation of National Bankshares, Inc.
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: March 16, 2006 By: /s/ JAMES G. RAKES
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James G. Rakes
Chairman
President and Chief Executive Officer
Page 2 of 2 Pages