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): October 12, 2007
(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 001-15985 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
Check the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting materials pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 2.02: Results of Operations and Financial Condition
As provided in General Instruction B.2 to Form 8-K, the information
furnished in this Item 2.02 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 October 12, 2007, Union Bankshares, Inc. issued a press release, a
copy of which is furnished with this Form 8-K as Exhibit 99.1, announcing
net income and net income per share for our third quarter ended September
30, 2007, net income and net income per share year to date, as well as
the declaration of a regular quarterly cash dividend.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Changes in Fiscal
Year
On October 12, 2007 the Board of Directors of Union Bankshares, Inc. voted to
amend Article V of the Company's By-laws previously filed with the Commission
as Exhibit 3.1 to the Company's Registration Statement on Form S-4 (#333-82798)
and incorporated herein by reference to allow for uncertificated shares and the
appointment of a transfer agent. The text of Article V of the Company's
By-laws, as amended, is filed as Exhibit 3(ii) to this Report.
Item 8.01 Other Events
On October 12, 2007 the Board of Directors of Union Bankshares, Inc. declared a
quarterly cash dividend of $.28 per share. The dividend is payable on October
25, 2007 to shareholders of record on October 22, 2007.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
The following Exhibit, referred to in Item 5.03 of the Report is filed;
herewith:
Exhibit 3(ii) Union Bankshares, Inc. amended Article V of its By-laws
adopted October 12, 2007
The following Exhibit, referred to in Item 2.02 of the Report is furnished, not
filed; herewith:
Exhibit 99.1 Union Bankshares, Inc. Press Release dated October 12,
2007, announcing a regular quarterly dividend and third quarter ended
September 30, 2007 and year to date net income and net income per
share
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.
October 15, 2007 /s/ Kenneth D. Gibbons
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Kenneth D. Gibbons, President & CEO
October 15, 2007 /s/ Marsha A. Mongeon
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Marsha A. Mongeon, Treasurer & CFO
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EXHIBIT INDEX
Exhibit 3(ii) Union Bankshares, Inc. amended Article V of its By-laws
adopted October 12, 2007.
Exhibit 99.1 Union Bankshares, Inc. Press Release dated October 12, 2007,
announcing a regular quarterly cash dividend and third quarter ended
September 30, 2007 and year to date net income and net income per share.