National Bankshares, Inc. Announces 2024 Annual Meeting of Shareholders

TL;DR

<b>National Bankshares, Inc. will hold its 2024 Annual Meeting of Shareholders on May 14, 2024, to elect directors, vote on executive compensation, and ratify auditor appointments.</b>

AI Summary

NATIONAL BANKSHARES INC (NKSH) filed a Proxy Statement (DEF 14A) with the SEC on March 28, 2024. Annual Meeting scheduled for May 14, 2024, at 3:00 p.m. ET at The Inn at Virginia Tech. Shareholders will vote on the election of six directors. Advisory vote on named executive officer compensation is on the agenda. Appointment of Yount, Hyde & Barbour, P.C. as independent auditors for 2024 will be ratified. The meeting will include a report on the Company's operations.

Why It Matters

For investors and stakeholders tracking NATIONAL BANKSHARES INC, this filing contains several important signals. Shareholders have the opportunity to directly influence the company's governance by electing directors and providing feedback on executive pay. The ratification of the independent auditor ensures continued financial oversight and transparency for the company.

Risk Assessment

Risk Level: — NATIONAL BANKSHARES INC shows moderate risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting, with no immediate financial or operational concerns indicated.

Analyst Insight

Shareholders should review the proxy materials to make informed voting decisions on director elections and executive compensation.

Key Numbers

• 6 — Directors to be Elected (Election of six directors at the Annual Meeting.)
• 2027 — Director Term End (Directors to serve until the 2027 Annual Meeting.)
• 3:00 p.m. — Meeting Time (Annual Meeting start time.)

Key Players & Entities

• NATIONAL BANKSHARES, INC. (company) — Registrant and Company Name
• F. Brad Denardo (person) — Chairman, President and Chief Executive Officer
• Yount, Hyde & Barbour, P.C. (company) — Independent Auditors
• May 14, 2024 (date) — Annual Meeting Date
• Blacksburg, Virginia (location) — Location of Annual Meeting

FAQ

Industry Context

National Bankshares, Inc. operates within the national commercial banking sector.

Regulatory Implications

The filing is made under Schedule 14A of the Securities Exchange Act of 1934, governing proxy solicitations.

What Investors Should Do

1. Review the proxy statement for details on director nominees and their qualifications.
2. Understand the advisory vote on executive compensation and the rationale behind it.
3. Confirm the ratification of Yount, Hyde & Barbour, P.C. as independent auditors.

Key Dates

• 2024-05-14: Annual Meeting of Shareholders — Shareholders will vote on key company matters including director elections and executive compensation.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a definitive proxy statement for an annual shareholder meeting, indicating routine corporate governance activity.

Key Financial Figures

• $2.5 billion — inia Tech's private assets in excess of $2.5 billion in support of university programs and i
• $900,000 — eading that organization's raising over $900,000 that has been used for Virginia Tech at

Filing Documents

• nksh20240320_def14a.htm (DEF 14A) — 674KB
• a01.jpg (GRAPHIC) — 8KB
• pxy01.jpg (GRAPHIC) — 258KB
• pxy02.jpg (GRAPHIC) — 180KB
• sig01.jpg (GRAPHIC) — 4KB
• sig02.jpg (GRAPHIC) — 4KB
• 0001437749-24-009701.txt (&nbsp;) — 1300KB

From the Filing

DEF 14A 1 nksh20240320_def14a.htm FORM DEF 14A nksh20240320_def14a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to Section240.14a-12 NATIONAL BANKSHARES, INC. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 March 28, 2024 Dear Fellow Shareholder: We invite you to join us for the Annual Meeting of Shareholders of National Bankshares, Inc. (the "Company") on Tuesday, May 14, 2024, at 3:00 p.m., Eastern Time. The Annual Meeting will be held at wThe Inn at Virginia Tech at 901 Prices Fork Road in Blacksburg, Virginia. The attached Notice of Annual Meeting and Proxy Statement describe the formal business to be transacted at the meeting. We will be voting to elect six directors, approve on an advisory basis our named executive officer compensation, and ratify the appointment of Yount, Hyde & Barbour, P.C. as our independent auditors for 2024. We also will report on the operations of the Company. We encourage you to read the accompanying proxy statement carefully and to vote in accordance with the Board of Directors' recommendations on the proposals to be presented at the Annual Meeting. For your convenience, you may vote your shares by marking, signing, dating and mailing the enclosed proxy card in the postage paid envelope provided or following the instructions on your proxy card to vote via telephone or the Internet. It is important that your shares be represented at the meeting, regardless of the number of shares you hold. Thank you for your interest and investment in National Bankshares, Inc. Sincerely, F. Brad Denardo Chairman, President and Chief Executive Officer i NOTICE OF 2024 ANNUAL MEETING OF SHAREHOLDERS To Be Held on May 14, 2024 To the Shareholders of National Bankshares, Inc.: Notice is hereby given that the 2024 Annual Meeting of Shareholders of National Bankshares, Inc. (the "Company") will be held as follows: Date: Tuesday, May 14, 2024 Time: 3:00 p.m., Eastern Time Location: The Inn at Virginia Tech 901 Prices Fork Road Blacksburg, Virginia 24061 The meeting is for the purpose of considering and acting upon the following items of business: 1. Election of Five Class 1 Directors: To elect five Class 1 Directors to serve a term of three years each until the 2027 Annual Meeting. 2. Election of One Class 3 Director: To elect one Class 3 Director to serve a term of two years until the 2026 Annual Meeting. 3. Advisory (Non-Binding) Vote to Approve Executive Compensation: To vote on a resolution to approve the compensation of the named executive officers disclosed in the accompanying proxy statement. 4. Ratification of Appointment of Independent Registered Public Accounting Firm: To vote on a proposal to ratify the Board of Directors' appointment of Yount, Hyde & Barbour, P.C. as the Company's independent registered public accounting firm for the year ending December 31, 2024. 5. Other Business: To consider and act on any other matters that may properly come before the Annual Meeting or any adjournment. The Board of Directors is not aware of any other business to come before the Annual Meeting. Only shareholders of record at the close of business on March 13, 2024 are entitled to receive notice of and to vote at the meeting, or at any adjournments of the meeting. If your shares are held in street name through a broker, bank or other nominee, you are considered the beneficial owner of those shares. As the beneficial owner, you have the right to direct your broker, bank or other nominee how to vote your shares. Your vote is important. Whether you plan to be present at the Annual Meeting or not, you are requested to promptly submit your proxy to ensure that your shares will be represented by marking, signing, dating and mailing the enclosed proxy card in the postage paid envelope provided or following the instructions on your proxy card to vote via the Internet or by telephone. IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE 2024 ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON MAY 14, 2024 We will send this notice, the accompanying proxy statement, the form of proxy card and our annual report to shareholders, including our Annual Report on Form 10-K for the year ended December 31, 2023, be

View Full Filing

View this DEF 14A filing on SEC EDGAR