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

Date of Report (Date of earliest event reported): February 22, 2021

Pinnacle Bankshares Corporation

(Exact name of registrant as specified in its charter)

Virginia

000-23909

54-1832714

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

622 Broad Street, Altavista, Virginia 24517-1830

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (434) 369-3000

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 (See General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material 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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

None

N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 22, 2021, Thomas F. Hall notified the Board of Directors of Pinnacle Bankshares Corporation (the “Company”) of his decision to resign as a director of the Company and the Company’s wholly-owned subsidiary, First National Bank (Altavista, Virginia) (the “Bank”), effective February 28, 2021. Mr. Hall joined the Boards of Directors of the Company and the Bank in 2008 and the Board of Directors enormously appreciates Mr. Hall’s service to the Company and to the Bank during the last 13 years. Mr. Hall’s resignation is due to personal reasons and not any disagreement with the Company or the Bank.

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.


PINNACLE BANKSHARES CORPORATION (Registrant)

By:		/s/ Aubrey H. Hall, III
Name: Aubrey H. Hall, III
Title: President and Chief Executive Officer

Dated: February 24, 2021

PINNACLE BANKSHARES CORP 8-K