Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
14 Agosto 2015 - 4:19PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
|
SEC FILE NUMBER: 001-35852
CUSIP
NUMBER: 218513109 |
(Check One): |
¨ Form 10-K |
¨ Form 20-F |
¨ Form 11-K |
x Form 10-Q |
¨ Form 10-D |
|
¨ Form N-SAR |
¨ Form N-CSR |
|
|
|
For Period Ended: |
June
30, 2015 |
¨ Transition
Report on Form 10-K |
|
¨ Transition Report on Form 20-F |
|
¨ Transition Report on Form 11-K |
|
¨ Transition Report
on Form 10-Q |
|
¨ Transition Report on Form N-SAR |
|
For the Transition Period Ended: |
|
Read Instruction (on back page) Before
Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the
Commission has verified any information contained herein. |
If the notification relates to a portion of the filing checked
above, identify the Item(s) to which the notification relates:
PART I - REGISTRANT INFORMATION |
Cordia Bancorp Inc. |
Full Name of Registrant |
|
Former Name if Applicable |
11730 Hull Street Road |
Address of Principal Executive Office (Street and Number) |
Midlothian, VA 23112 |
City, State and Zip Code |
PART II - RULE 12b-25 (b) AND (c)
If the subject report could not be filed without unreasonable
effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if
appropriate).
|
(a) |
The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; |
x |
(b) |
The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and |
|
(c) |
The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |
PART III - NARRATIVE
State below in reasonable detail why the
Form 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed
time period.
(Attach extra sheets if needed.)
During the quarter ended June 30, 2015,
the Company purchased one of its bank branches and terminated the related lease, which had an associated fair value discount resulting
from the acquisition accounting for the Company's acquisition of Bank of Virginia. The Company's management and accounting staff
have been working diligently to complete the financial statements for the quarter ended June 30, 2015 to reflect the appropriate
accounting treatment for such transaction. As a result, the Company is unable to file its Quarterly Report on Form 10-Q for the
quarter ended June 30, 2015 on a timely basis. The Company intends to file the Form 10-Q that is the subject of this Notification
of Late Filing within the five-day extension period afforded by SEC Rule 12b-25.
PART IV — OTHER INFORMATION
(1) Name and telephone number of person to contact in
regard to this notification
Mark
Severson |
(804)
763-1322 |
(Name) |
(Telephone Number) |
(2) Have all other periodic reports
required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during
the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer
is no, identify report(s). x Yes ¨ No
(3) Is
it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will
be reflected by the earnings statements to be included in the subject report or portion thereof? x Yes¨ No
If so: attach an explanation
of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
The Company anticipates
that it will report net income for the six months ended June 30, 2015 compared to a net loss of $554,000 for the six months ended
June 30, 2014. The Company anticipates that it will report net income for the three months ended June 30, 2015 compared to a net
loss of $270,000 for the quarter ended June 30, 2014. The amount of the Company’s net income for the three and six months
ended June 30, 2015 cannot be determined until the Company resolves the accounting for the transaction described above.
Cordia Bancorp Inc. |
(Name of Registrant as Specified in Charter) |
has caused this notification to be signed on its behalf by
the undersigned thereunto duly authorized.
Date August 14, 2015 |
By: |
/s/ Mark Severson |
|
|
Mark Severson |
|
|
EVP and Chief Financial Officer |
INSTRUCTIONS: The form may be signed by
an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing
the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized
representative (other than an executive officer), evidence of the representative’s authority to sign on behalf of the registrant
shall be filed with the form.
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