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 (Date of earliest event reported): December 31, 2003
(Exact name of registrant as specified in its charter)
UNION BANKSHARES, INC.
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number)
Vermont 000-28449 03-0283552
(Address of principal executive offices)
20 Main St., P.O. Box 667 (Zip Code)
Morrisville, VT 05661-0667
Registrant's telephone number, including area code: (802) 888-6600
(Former name or former address, if changed since last report)
Not applicable
Item 5: Other Events and Regulation FD Disclosure
On March 17, 2004, the Board of Directors of Union Bankshares, Inc. voted
to terminate the October, 2001 stock buyback program, effective
immediately, but without prejudice to the Board's authority, in its
discretion, to adopt a new stock buyback program hereafter. The buyback
program provided authority for the Company to repurchase up to 100,000
shares of the Company's common stock. Prior to termination of the plan,
6,672 shares had been repurchased pursuant to that authority.
Item 7: Financial Statements and Exhibits
The following Exhibit, referred to in Item 12 of the Report is furnished,
not filed; herewith:
c) Exhibits:
99.1 Union Bankshares, Inc. Company Overview for December 31, 2003
Item 12: Disclosure of Operations and Financial Condition
As provided in General Instruction B.6 to Form 8-K, the information
furnished in this Item 12 and in Exhibit 99.1 hereto shall not be
deemed filed for purposes of Section 18 of the Securities and
Exchange Act of 1934, as amended, nor shall it be deemed incorporated
by reference in any filing with the Securities and Exchange
Commission, except as shall be expressly provided by specific
reference in such filing.
On March 17, 2004, Union Bankshares, Inc. prepared a Company Overview
containing previously reported or publicly available information, as
of December 31, 2003 to be distributed to brokers, potential or
current shareholders, or other interested parties, a copy of which is
furnished with this Form 8-K as Exhibit 99.1.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Union Bankshares, Inc.
March 18, 2004 /s/ Marsha A. Mongeon
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Marsha A. Mongeon, Chief Financial Officer
March 18, 2004 /s/ Kenneth D. Gibbons
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Kenneth D. Gibbons, President/Chief
Executive Officer
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EXHIBIT INDEX
99.1 Union Bankshares, Inc. Company Overview as of December 31, 2003.