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
July 25, 2006
Date of Report (Date of earliest event reported)
FIRST COMMUNITY BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
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| Nevada
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000-19297
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55-0694814 |
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(State or other jurisdiction of
incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.) |
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| P.O. Box 989 |
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| Bluefield, Virginia
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24605-0989 |
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| (Address of principal executive offices)
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(Zip Code) |
(276) 326-9000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
TABLE OF CONTENTS
Item 8.01 Other Events
On July 25, 2006, the Board of Directors of First Community Bancshares, Inc. amended its 10(b)5-1
trading plan which the Company has adopted to facilitate repurchases of shares of its outstanding
common stock in open market transactions. The amendments to the plan are effective as of July 28,
2006, and provide authority for its agent under such plan to repurchase stock in specified amounts
at market prices between 1.5 and 1.7 times book value, as reported as of the prior quarter end,
with the specific price limit based on the amount of stock sought to be purchased. The amendment
is designed to limit the amount of repurchases which can be undertaken at any one time and reduces
the permissible price above book value per share that may be undertaken. The trading plan
implements the Company’s previously announced repurchase plan, which is for 5% of the Company’s
issued and outstanding common stock.