Skyline Bankshares, Inc. Announces 2024 Annual Meeting of Shareholders

TL;DR

<b>Skyline Bankshares, Inc. invites shareholders to its 2024 Annual Meeting on May 21, 2024, to elect directors and ratify auditors.</b>

AI Summary

Skyline Bankshares, Inc. (SLBK) filed a Proxy Statement (DEF 14A) with the SEC on April 8, 2024. Skyline Bankshares, Inc. will hold its 2024 Annual Meeting of Shareholders on May 21, 2024, at 1:00 p.m. at The Crossroads Institute in Galax, Virginia. Shareholders will vote on the election of thirteen directors for one-year terms. The appointment of the independent registered public accounting firm for the year ending December 31, 2024, will be ratified. The company is providing a Proxy Statement and form of proxy for the meeting. Shareholders are encouraged to vote by mail, internet, or telephone.

Why It Matters

For investors and stakeholders tracking Skyline Bankshares, Inc., this filing contains several important signals. The annual meeting is a critical governance event where shareholders exercise their voting rights on board composition and auditor selection. Shareholder participation ensures that the company's leadership and financial oversight are aligned with shareholder interests.

Risk Assessment

Risk Level: low — Skyline Bankshares, Inc. shows low risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting and does not contain significant new financial or operational information that would indicate a change in risk.

Analyst Insight

Shareholders should review the proxy materials carefully to make informed voting decisions on director elections and auditor ratification.

Key Numbers

• 13 — Directors to be elected (Number of directors to be elected for one-year terms at the annual meeting.)
• 2024 — Annual Meeting Year (The year of the annual shareholder meeting.)

Key Players & Entities

• Skyline Bankshares, Inc. (company) — Registrant and filer of the proxy statement.
• May 21, 2024 (date) — Date of the 2024 Annual Meeting of Shareholders.
• The Crossroads Institute (location) — Location of the 2024 Annual Meeting of Shareholders.
• Galax, Virginia (location) — City and state where the meeting will be held.
• December 31, 2024 (date) — Fiscal year end for which the independent registered public accounting firm is being appointed.
• Parkway Acquisition Corp. (company) — Former name of Skyline Bankshares, Inc.

FAQ

Risk Factors

• Compliance with SEC Filing Requirements [low — regulatory]: The filing must adhere to SEC regulations for proxy statements, including providing accurate and complete information to shareholders.

Industry Context

Skyline Bankshares, Inc. operates as a commercial bank. This filing is a standard proxy statement for its annual shareholder meeting.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, requiring companies to provide shareholders with information before soliciting their votes.

What Investors Should Do

1. Review the Proxy Statement for details on director nominees and their qualifications.
2. Understand the proposal for ratifying the independent registered public accounting firm.
3. Vote your shares by the deadline, following the provided instructions for mail, internet, or telephone.

Key Dates

• 2024-05-21: 2024 Annual Meeting of Shareholders — Shareholders will vote on director elections and auditor ratification.

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.)

DEF 14A

A definitive proxy statement filed with the SEC. (The official filing type for this shareholder meeting notice.)

Year-Over-Year Comparison

This is a DEF 14A filing, which is a definitive proxy statement for the annual shareholder meeting. Previous filings may include 10-K reports or other disclosures.

Key Financial Figures

• $425 million — crop farming representing approximately $425 million in annual revenues and over $200 millio
• $200 million — 425 million in annual revenues and over $200 million in inventories and properties. Her busi

Filing Documents

• pkkw20240403_def14a.htm (DEF 14A) — 90KB
• a01.jpg (GRAPHIC) — 116KB
• a02.jpg (GRAPHIC) — 89KB
• 0001437749-24-011347.txt (&nbsp;) — 373KB

From the Filing

DEF 14A 1 pkkw20240403_def14a.htm FORM DEF 14A pkkw20240403_def14a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A 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 240.14a-12 SKYLINE 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)(4) and 0-11. EXPLANATORY NOTE : This notice, proxy statement and form of proxy (the "Proxy Materials") in connection with the registrant's 2024 annual meeting of shareholders are being furnished to the Securities and Exchange Commission (the "Commission") pursuant to the requirements of Form 10-K under "Supplemental Information to be Furnished with Reports Filed Pursuant to Section 15(d) of the Act by Registrants Which Have Not Registered Securities Pursuant to Section 12 of the Act." The Proxy Materials shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section and shall not be deemed incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, except as expressly set forth by specific reference in such filing. The Proxy Materials are being submitted to the Commission in electronic format on Form DEF 14A pursuant to Commission Release Nos. 33-7427; 34-38798 and Rule 101(a)(1)(iii) of Regulation S-T . SKYLINE BANKSHARES, INC. Dear Shareholder: You are cordially invited to attend the 2024 Annual Meeting of Shareholders of Skyline Bankshares, Inc. to be held on Tuesday, May 21, 2024 at 1:00 p.m. at The Crossroads Institute, 1117 East Stuart Drive, Galax, Virginia 24333. At the Annual Meeting, you will be asked to elect thirteen directors for terms of one year each and to ratify the appointment of our independent registered public accounting firm for the year ending December 31, 2024. Enclosed with this letter is a formal notice of the Annual Meeting, a Proxy Statement and a form of proxy. Whether or not you plan to attend the Annual Meeting, it is important that your shares be represented and voted. Please complete, sign, date and return the enclosed proxy promptly using the enclosed postage-paid envelope. The enclosed proxy, when returned properly executed, will be voted in the manner directed in the proxy. You may also vote by internet or telephone by following the instructions on the enclosed proxy. We hope you will participate in the Annual Meeting, either in person or by proxy. Sincerely, /s/ Blake M. Edwards, Jr. Blake M. Edwards, Jr. President and Chief Executive Officer Independence, Virginia April 8, 2024 Skyline Bankshares, Inc. 101 Jacksonville Circle Floyd, Virginia 24091 ___________________ NOTICE OF ANNUAL MEETING OF SHAREHOLDERS ___________________ The Annual Meeting of Shareholders (the "Annual Meeting") of Skyline Bankshares, Inc. (the "Company") will be held on Tuesday, May 21, 2024 at 1:00 p.m. at The Crossroads Institute, 1117 East Stuart Drive, Galax, Virginia, for the following purposes: 1. To elect thirteen directors to serve for terms of one year each expiring at the 2025 annual meeting of shareholders; 2. To ratify the appointment of Elliott Davis, PLLC as our independent registered public accounting firm for fiscal year ending December 31, 2024; and 3. To act upon such other matters as may properly come before the Annual Meeting. Only holders of shares of Common Stock of record at the close of business on April 1, 2024, the record date fixed by the Board of Directors of the Company, are entitled to notice of, and to vote at, the Annual Meeting. By Order of the Board of Directors /s/ Suzanne S. Yearout Suzanne S. Yearout Secretary April 8, 2024 Skyline Bankshares, Inc. 101 Jacksonville Circle Floyd, Virginia 24091 PROXY STATEMENT GENERAL This Proxy Statement is furnished to holders of the common stock ("Common Stock") of Skyline Bankshares, Inc. (the "Company"), in connection with the solicitation of proxies by the Board of Directors of the Company to be used at the 2024 Annual Meeting of Shareholders (the "Annual Meeting") to be held on Tuesday, May 21, 2024 at 1:00 p.m. at The Crossroads Institute, 1117 East Stuart Drive, Galax, Virginia, and any duly reconvened meeting after adjournment thereof. Any shareholder who executes a proxy has the power to re

View Full Filing

View this DEF 14A filing on SEC EDGAR