UNION BANKSHARES Confirms Non-Emerging Status, Nasdaq Listing

TL;DR

**UNB filed a routine 8-K confirming its non-emerging status and Nasdaq listing.**

AI Summary

UNION BANKSHARES INC filed an 8-K on January 17, 2024, reporting an event that occurred on December 20, 2023. This filing indicates that the company is not an emerging growth company and confirms its common stock, with a $2.00 par value, is traded on the Nasdaq Stock Market under the symbol UNB. This matters to investors because it provides basic, updated corporate information and confirms their stock's listing status, which is fundamental for trading and regulatory compliance.

Why It Matters

This filing provides routine corporate updates, confirming UNION BANKSHARES INC's status and stock exchange listing, which is essential for market transparency and investor confidence.

Risk Assessment

Risk Level: low — This filing contains only routine corporate information and does not disclose any new risks or significant changes.

Analyst Insight

A smart investor would note this filing as a routine compliance update, confirming basic corporate information, but it does not provide new financial or operational data to drive investment decisions.

Key Numbers

• $2.00 — Common Stock Par Value (This is the stated par value per share of UNION BANKSHARES INC's common stock.)

Key Players & Entities

• UNION BANKSHARES INC (company) — the registrant filing the 8-K
• $2.00 (dollar_amount) — par value of common stock
• Nasdaq Stock Market (company) — exchange where UNB common stock is registered
• December 20, 2023 (date) — date of earliest event reported
• January 17, 2024 (date) — date the 8-K was filed

Forward-Looking Statements

• UNION BANKSHARES INC will continue to trade on the Nasdaq Stock Market under the symbol UNB. (UNION BANKSHARES INC) — high confidence, target: 2025-01-17

FAQ

Key Financial Figures

• $2.00 — ction 12(b) of the Act: Common Stock, $2.00 par value UNB Nasdaq Stock Market (Tit
• $0.36 — . declared a quarterly cash dividend of $0.36 per share. The dividend is payable on F

Filing Documents

• unb-20231220.htm (8-K) — 28KB
• exhibit9914thqtr2023earnin.htm (EX-99.1) — 17KB
• unionbankshareslogonewa23.jpg (GRAPHIC) — 14KB
• 0000706863-24-000002.txt ( ) — 176KB
• unb-20231220.xsd (EX-101.SCH) — 2KB
• unb-20231220_lab.xml (EX-101.LAB) — 21KB
• unb-20231220_pre.xml (EX-101.PRE) — 11KB
• unb-20231220_htm.xml (XML) — 2KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition As provided in General Instruction B.2 to Form 8-K, the information furnished in this Item 2.02 and in Exhibit 99.1 hereto shall not be deemed filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing with the Securities and Exchange Commission, except as shall be expressly provided by specific reference in such filing. On January 17, 2024, Union Bankshares, Inc. issued a press release, a copy of which is furnished with this Form 8-K as Exhibit 99.1, announcing net income and net income per share for the fourth quarter and year ended December 31, 2023, as well as the declaration of a regular quarterly cash dividend.

01. Other Events

Item 8.01. Other Events a) Declaration of Regular Quarterly Cash Dividend On January 17, 2024 the Board of Directors of Union Bankshares, Inc. declared a quarterly cash dividend of $0.36 per share. The dividend is payable on February 1, 2024 to shareholders of record as of January 27, 2024. b) Reauthorization of Limited Quarterly Stock Repurchase Program On December 20, 2023, the Board of Directors of Union Bankshares, Inc. reauthorized a limited stock repurchase program, initially authorized in May, 2010 and reauthorized for each calendar year from 2012 through 2023, pursuant to which the Company may repurchase up to 2,500 shares of its common stock (subject to standard anti-dilution adjustments) each calendar quarter in open market purchases or privately negotiated transactions, as management may deem advisable and as market conditions may warrant. The repurchase authorization for a calendar quarter expires at the end of that quarter to the extent it has not been exercised, and is not carried forward into future quarters. The limited quarterly authorization is not intended to be the exclusive means for effecting stock repurchases. As reauthorized, the quarterly repurchase program will expire on December 31, 2024.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits The following Exhibit, referred to in Item 2.02 of the Report is furnished, not filed; herewith: Exhibit 99.1 Union Bankshares, Inc. Press Release dated January 17, 2024, announcing a regular quarterly dividend and fourth quarter and year ended December 31, 2023 net income and net income per share.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Union Bankshares, Inc. January 17, 2024 /s/ David S. Silverman David S. Silverman Chief Executive Officer January 17, 2024 /s/ Karyn J. Hale Karyn J. Hale Chief Financial Officer EXHIBIT INDEX 99.1 Union Bankshares, Inc. Press Release dated January 17, 2024, announcing a regular quarterly dividend and fourth quarter and year ended December 31, 2023 net income and net income per share. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

View Full Filing

View this 8-K filing on SEC EDGAR