CITY HOLDING COMPANY (NASDAQ:CHCO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Effective December 19, 2018, to the Merger Agreement among City Holding Company (the “Company”) and Poage Bankshares, Inc. (“Poage”), dated July 11, 2018, Thomas L. Burnette, who was a member of the pre-merger board of directors of Poage, was appointed to the Boards of Directors of the Company and City National Bank of West Virginia. Compensatory arrangements for Mr. Burnette will be consistent with the previously disclosed standard arrangements for non-employee directors of the Company, as described on page 13 of the Company’s proxy statement for its 2018 annual meeting of shareholders filed with the Commission on April 2, 2018, which disclosure is incorporated herein by reference.
As of the date of this filing, Mr. Burnette has not been appointed to any committees of the Company.
Section 8 – Other Events
Item 8.01Other Events.
On December 19, 2018, the Board of Directors of City Holding Company (“the Company”), declared a dividend of $0.53 per common share for shareholders of record as of January 15, 2019 payable on January 31, 2019.
About CITY HOLDING COMPANY (NASDAQ:CHCO)
City Holding Company is a financial holding company. The Company conducts its principal activities through its subsidiary, City National Bank of West Virginia (City National). City National provides banking, trust and investment management and other financial solutions through its network of approximately 85 banking offices located in the states of West Virginia, Virginia, eastern Kentucky and southeastern Ohio. It offers various products and services, including commercial banking, consumer banking, mortgage banking, and wealth management and trust services. It offers a range of commercial banking services to corporations and other business customers. Loans are provided for a variety of business purposes, including financing for commercial and industrial projects, income producing commercial real estate, owner-occupied real estate and construction and land development. City National provides merchant credit card services through an agreement with a third party vendor.