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 3, 2008
United Bankshares, Inc.
(Exact name of registrant as specified in its charter)
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| West Virginia
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No. 0-13322
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55-0641179 |
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| (State or other jurisdiction of
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(Commission File Number)
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(I.R.S. Employer |
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Identification No.) |
300 United Center
500 Virginia Street, East
Charleston, West Virginia 25301
(Address of Principal Executive Offices)
(304) 424-8800
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or address, if changed since last report)
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
Item 8.01. Other Events
On December 3, 2008, United Bankshares, Inc. (“United”) issued a press release announcing that
it has received preliminary approval to participate in the Capital Purchase Program (the “CPP”) of
the U.S. Department of the Treasury (the “Treasury”). United applied for and received preliminary
approval for the issuance of (a) up to $197.28 million of senior preferred stock and (b) warrants
for the purchase of United’s common stock with an aggregate market price equal to 15% of such
senior preferred stock. The final approval is subject to satisfaction of certain conditions,
including approval by United’s shareholders of amendments to the company’s articles of
incorporation to allow United to issue preferred stock, as well as the execution of definitive
agreements in satisfaction of closing conditions.
A copy of a press release dated December 3, 2008 is attached hereto as Exhibit 99.1 and is
incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
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99.1 |
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Press Release, dated December 3, 2008, issued by United
Bankshares, Inc. |