Eagle Financial Services, Inc. Announces 2024 Annual Meeting of Shareholders

TL;DR

<b>Eagle Financial Services, Inc. will hold its 2024 Annual Meeting on May 21, 2024, to elect directors and ratify auditors.</b>

AI Summary

EAGLE FINANCIAL SERVICES INC (EFSI) filed a Proxy Statement (DEF 14A) with the SEC on April 5, 2024. The 2024 Annual Meeting of Shareholders for Eagle Financial Services, Inc. will be held on May 21, 2024, at 10:00 a.m. in Berryville, Virginia. Shareholders will vote on the election of four directors: Mary Bruce Glaize, Edward Hill, III, Tatiana C. Matthews, and Cary C. Nelson, each for a three-year term. The appointment of Yount, Hyde & Barbour, P.C. as the independent registered public accounting firm for the year ending December 31, 2024, will be ratified. The record date for determining shareholders entitled to vote is March 22, 2024. Proxy materials, including the 2023 annual report on Form 10-K, are available online.

Why It Matters

For investors and stakeholders tracking EAGLE FINANCIAL SERVICES INC, this filing contains several important signals. Shareholders have the opportunity to elect directors who will guide the company's strategy and governance for the next three years. The ratification of the independent auditor is a standard corporate governance procedure ensuring financial transparency and accuracy.

Risk Assessment

Risk Level: low — EAGLE FINANCIAL SERVICES INC shows low risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting, with no immediate financial or operational risks indicated.

Analyst Insight

Shareholders should review the director nominees and auditor ratification proposals before the May 21, 2024 meeting.

Key Numbers

• 4 — Directors to be elected (For a term of three years)
• 3 — Years (Term for each director)
• 2024 — Fiscal Year End (For the independent registered public accounting firm)
• 2024-05-21 — Annual Meeting Date (In person at 10:00 a.m.)
• 2024-03-22 — Record Date (For determining shareholders entitled to vote)

Key Players & Entities

• EAGLE FINANCIAL SERVICES, INC. (company) — Registrant and Company Name
• Mary Bruce Glaize (person) — Director Nominee
• Edward Hill, III (person) — Director Nominee
• Tatiana C. Matthews (person) — Director Nominee
• Cary C. Nelson (person) — Director Nominee
• Yount, Hyde & Barbour, P.C. (company) — Independent Registered Public Accounting Firm
• Kaley P. Crosen (person) — Executive Vice President, Secretary
• 2024 (date) — Annual Meeting Year

FAQ

Risk Factors

• Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC rules and regulations regarding proxy solicitations and shareholder meetings.
• Shareholder Participation [low — operational]: Ensuring sufficient shareholder participation and voting is crucial for the validity of decisions made at the annual meeting.

Key Dates

• 2024-05-21: Annual Meeting of Shareholders — Election of directors and ratification of auditors.
• 2024-03-22: Record Date — Determines shareholders eligible to vote at the annual meeting.
• 2024-04-05: Filing Date — Date the proxy statement was filed with the SEC.

Glossary

Proxy Statement

A document filed by a company with the SEC that contains information that management is required to provide to shareholders before their annual meeting. (Provides essential information for shareholders to make informed voting decisions on company matters.)

Key Financial Figures

• $7.3 billion — d of Consumer Banking of United Bank, a $7.3 billion asset bank headquartered in Connecticut

Filing Documents

• efsi-2024-notice_and_pro.htm (DEF 14A) — 751KB
• img144882229_0.jpg (GRAPHIC) — 8KB
• img144882229_1.jpg (GRAPHIC) — 24KB
• img144882229_2.jpg (GRAPHIC) — 27KB
• img144882229_3.jpg (GRAPHIC) — 2KB
• img144882229_4.jpg (GRAPHIC) — 194KB
• img144882229_5.jpg (GRAPHIC) — 104KB
• 0000950170-24-042209.txt (&nbsp;) — 1246KB

SECURITY OWNERSHIP

SECURITY OWNERSHIP The following table sets forth, as of March 22, 2024, certain information with respect to beneficial ownership of shares of Common Stock by each of the members of the Board of Directors, by each of the executive officers included in the &#x201c;Summary Compensation Table&#x201d; below (collectively, the &#x201c;named executive officers&#x201d;) and by all directors and executive officers as a group. Amount and Nature of Beneficial Percent of Name of Beneficial Owner Class (2) Kathleen J. Chappell 15,437 (3) * Thomas T. Gilpin 114,183 (3) 3.21 % Mary Bruce Glaize 15,374 * Scott M. Hamberger 3,116 * Edward Hill III 2,000 * Brandon C. Lorey 33,671 * John R. Milleson 142,455 (3) 4.00 % Tatiana C. Matthews 1,944 * Cary R. Nelson 4,815 (3) * Douglas C. Rinker 20,089 * Robert W. Smalley, Jr. 23,683 (3) * John D. Stokely, Jr. 17,789 (3) * Joseph T. Zmitrovich 21,198 * Directors and executive officers as a group (14 persons) 436,676 (3)(4) 12.28 % * Percentage of ownership is less than one percent of the outstanding shares of Common Stock. (1) For purposes of this table, beneficial ownership has been determined in accordance with the provisions of Rule 13d-3 of the Securities Exchange Act of 1934 under which, in general, a person is deemed to be the beneficial owner of a security if he has, or shares, the power to vote, or direct the voting, of the security or the power to dispose of, or direct, the disposition of the security, or if he has the right to acquire beneficial ownership of the security within 60 days. (2) Based on 3,557,229 shares issued and outstanding at March 22, 2024. (3) Amounts presented include shares of Common Stock that the individuals beneficially own indirectly through family members and affiliated companies and other entities as follows: Ms. Chappe

View Full Filing

View this DEF 14A filing on SEC EDGAR