United Bankshares Inc./WV Files DEF 14A Proxy Statement

TL;DR

<b>United Bankshares Inc./WV has filed its definitive proxy statement (DEF 14A) for the fiscal year ending December 31, 2023.</b>

AI Summary

UNITED BANKSHARES INC/WV (UBSI) filed a Proxy Statement (DEF 14A) with the SEC on April 2, 2024. Filing type: DEF 14A (Definitive Proxy Statement). Reporting period: Fiscal year ending December 31, 2023. Filer: UNITED BANKSHARES INC/WV (Central Index Key: 0000729986). Industry: State Commercial Banks (SIC Code: 6022). Filing date: April 2, 2024.

Why It Matters

For investors and stakeholders tracking UNITED BANKSHARES INC/WV, this filing contains several important signals. This filing provides detailed information regarding the company's annual meeting, including proposals for shareholder votes, executive compensation, and director nominations. Shareholders can review this document to make informed decisions on corporate governance matters and understand how their investments are being managed.

Risk Assessment

Risk Level: low — UNITED BANKSHARES INC/WV shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance and shareholder communication processes without immediate financial distress or significant new risks.

Analyst Insight

Shareholders should review the proxy statement to understand executive compensation, board nominations, and any proposed corporate actions before the annual meeting.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-04-02 — Filing Date (Date of submission)
• 2024-05-15 — Period of Report (Conformed period of report)

Key Players & Entities

• UNITED BANKSHARES INC/WV (company) — Registrant
• 0000729986 (company) — Central Index Key
• 6022 (company) — Standard Industrial Classification
• Richard M. Adams Jr. (person) — Member mentioned in relation to executive compensation data

FAQ

Industry Context

United Bankshares Inc./WV operates within the State Commercial Banks industry, focusing on providing financial services.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Rule 14a-101, which governs the content of proxy statements.

What Investors Should Do

1. Review the proposals to be voted on at the annual meeting.
2. Examine the executive compensation details and rationale.
3. Assess the nominations for the board of directors.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard annual disclosure for public companies regarding their shareholder meetings and corporate governance.

Key Financial Figures

• $9,500 — orgeson's fee for the above services is $9,500 plus reasonable disbursements that may
• $100 million — rowing the Company from a single-office $100 million bank to approximately 250 offices in ei
• $29.3 billion — ht (8) states and Washington, D.C. with $29.3 billion in assets. Mr. Adams has the experience

Filing Documents

• d33137ddef14a.htm (DEF 14A) — 1600KB
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• 0001193125-24-084103.txt (&nbsp;) — 4335KB
• ubsi-20231231.xsd (EX-101.SCH) — 5KB
• ubsi-20231231_def.xml (EX-101.DEF) — 6KB
• ubsi-20231231_lab.xml (EX-101.LAB) — 8KB
• ubsi-20231231_pre.xml (EX-101.PRE) — 5KB
• d33137ddef14a_htm.xml (XML) — 356KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 44 REPORT OF THE COMPENSATION AND HUMAN CAPITAL COMMITTEE ON EXECUTIVE COMPENSATION 68 REQUIREMENTS, INCLUDING DEADLINES, FOR SUBMISSION OF PROXY PROPOSALS, NOMINATIONS OF DIRECTORS, AND OTHER BUSINESS OF SHAREHOLDERS 69 FORM 10-K 71 Table of Contents United Bankshares, Inc. 501 Avery Street Parkersburg, West Virginia 26101 PROXY STATEMENT General Information These proxy materials are delivered in connection with the solicitation by the Board of Directors of United Bankshares, Inc. ("United," the "Company," "we," or "us"), a West Virginia corporation, of proxies to be voted at our 2024 Annual Meeting of Shareholders and at any adjournment or postponement. You are invited to attend our Annual Meeting of Shareholders on May 15, 2024, beginning at 4:00 p.m. The Meeting will be held at the Congressional Country Club, 8500 River Road, Bethesda, Maryland. This proxy statement, form of proxy and voting instructions are being mailed or made available on or about April 2, 2024. VOTING INFORMATION Shareholders Entitled to Vote Holders of record of United common shares at the close of business on March 7, 2024, are entitled to receive this notice and to vote their shares at the Annual Meeting. As of that date, there were 135,038,870 common shares outstanding. Each common share is entitled to one vote on each matter properly brought before the Annual Meeting. How You Can Vote Shareholders of record may vote by proxy by mail, in person at the Annual Meeting, by telephone or by Internet. Proxies may be revoked at any time before they are exercised by (1) written notice to the Secretary of the Company, (2) timely delivery of a valid, later-dated proxy or (3) voting at the Annual Meeting. You may save us the expense of a second mailing by voting promptly. Choose one of the following voting methods to cast your vote. Vote By Mail If you choose to vote by mail, simply mark your proxy, date and sign it, and return i

View Full Filing

View this DEF 14A filing on SEC EDGAR