United Bankshares Inc. Announces Board and Executive Changes
Ticker: UBSI · Form: 8-K · Filed: Aug 26, 2024 · CIK: 729986
| Field | Detail |
|---|---|
| Company | United Bankshares Inc/Wv (UBSI) |
| Form Type | 8-K |
| Filed Date | Aug 26, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $2.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
Related Tickers: UBSI
TL;DR
Board shakeup and pay changes at United Bankshares.
AI Summary
United Bankshares, Inc. announced on August 26, 2024, changes in its board of directors and executive compensation arrangements. The filing details the departure of a director, the election of new directors, and the appointment of certain officers, alongside updates to their compensatory arrangements.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns corporate governance and executive appointments, which typically carry lower immediate risk compared to financial performance or M&A events.
Key Players & Entities
- United Bankshares, Inc. (company) — Registrant
- August 26, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from the board of directors?
The filing indicates the departure of a director, though the specific name is not detailed in the provided text.
Were new directors elected?
Yes, the filing states that new directors were elected.
What other executive changes were reported?
The filing also reports on the appointment of certain officers and updates to their compensatory arrangements.
What is the principal executive office address for United Bankshares, Inc.?
The principal executive offices are located at 300 United Center, 500 Virginia Street, East Charleston, West Virginia 25301.
What is the fiscal year end for United Bankshares, Inc.?
The fiscal year end for United Bankshares, Inc. is December 31.
Filing Stats: 577 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-08-26 15:41:02
Key Financial Figures
- $2.50 — ich registered Common Stock, par value $2.50 per share UBSI NASDAQ Global Select
Filing Documents
- d876849d8k.htm (8-K) — 25KB
- d876849dex991.htm (EX-99.1) — 5KB
- g876849g0824025505022.jpg (GRAPHIC) — 6KB
- 0001193125-24-207038.txt ( ) — 164KB
- ubsi-20240826.xsd (EX-101.SCH) — 3KB
- ubsi-20240826_lab.xml (EX-101.LAB) — 18KB
- ubsi-20240826_pre.xml (EX-101.PRE) — 11KB
- d876849d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits (c)The following exhibits are being filed herewith: 99.1 Press Release, dated August 26, 2024, issued by United Bankshares, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UNITED BANKSHARES, INC. Date: August 26, 2024 By: /s/ W. Mark Tatterson W. Mark Tatterson, Executive Vice President and Chief Financial Officer