---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-000880"
form_type: "8-K"
ticker: "NKSH"
cik: "0000796534"
company_name: "NATIONAL BANKSHARES INC"
filed_at: "2023-01-11T23:59:59+00:00"
generated_at: "2026-06-20T16:45:30.038220+00:00"
event_type: "dividend"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# National Bankshares declares special $1.00 per share cash dividend payable Feb 3, 2023

## Summary
- Special cash dividend of $1.00 per common share declared on January 11, 2023.
- Payable on February 3, 2023 to shareholders of record as of January 23, 2023.
- One-time dividend funded by unanticipated payout from a broker-dealer investment acquisition and strong 2022 performance.
- Bylaws amended for annual meeting date flexibility, proxy card color, and electronic notice; outdated provisions removed.

## SEC filing metadata
- accession: 0001437749-23-000880
- form_type: 8-K
- ticker: NKSH
- cik: 0000796534
- company_name: NATIONAL BANKSHARES INC
- filed_at: 2023-01-11T23:59:59+00:00
- event_type: dividend
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/796534/000143774923000880/0001437749-23-000880-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/796534/000143774923000880/nksh20230111_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-000880
- JSON: https://secwatch.observer/filing/0001437749-23-000880.json
- Plain text: https://secwatch.observer/filing/0001437749-23-000880.txt

## Key facts
- Governance Changes
  NATIONAL BANKSHARES INC: Amended Amended and Restated Bylaws to allow flexible annual meeting date, require non-white proxy cards, permit electronic notice for board meetings, remove two-thirds vote requirement for merger/sale recommendations, and permit electronic notice for bylaw amendment meetings, along with ministerial (effective 2023-01-11).
  - Change: bylaw amendment
  - Effective: 2023-01-11
  source text: On January 11, 2023, the Board of Directors (the “Board”) of National Bankshares, Inc. (the “Company”) approved and adopted amendments to the Company’s Amended and Restated Bylaws, effective as of the same date (as amended and restated, the “Bylaws”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/796534/000143774923000880/0001437749-23-000880-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.