Union Bankshares Files 8-K
Ticker: UNB · Form: 8-K · Filed: Dec 18, 2024 · CIK: 706863
| Field | Detail |
|---|---|
| Company | Union Bankshares Inc (UNB) |
| Form Type | 8-K |
| Filed Date | Dec 18, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-k, other-events
TL;DR
UNION BANKSHARES FILED AN 8-K - DETAILS TO FOLLOW
AI Summary
Union Bankshares, Inc. filed an 8-K on December 18, 2024, to report other events. The filing does not contain specific details about the nature of these events, dollar amounts, or definitive dates beyond the filing date itself.
Why It Matters
This filing indicates Union Bankshares, Inc. has reported an event to the SEC, but the lack of specific details means investors cannot yet assess its impact.
Risk Assessment
Risk Level: low — The filing is a standard 8-K for 'Other Events' and lacks specific financial or operational details that would indicate immediate risk.
Key Players & Entities
- UNION BANKSHARES, INC. (company) — Registrant
- December 18, 2024 (date) — Date of earliest event reported
FAQ
What specific event is Union Bankshares, Inc. reporting in this 8-K filing?
The filing states 'Other Events' as the item information but does not provide specific details about the nature of the event.
When was the earliest event reported by Union Bankshares, Inc. in this filing?
The earliest event reported was on December 18, 2024.
What is the principal executive office address for Union Bankshares, Inc.?
The principal executive offices are located at 20 Lower Main St., P.O. Box 667, Morrisville, VT 05661-0667.
What is the telephone number for Union Bankshares, Inc.?
The registrant's telephone number is (802) 888-6600.
What is the SIC code for Union Bankshares, Inc.?
The Standard Industrial Classification (SIC) code is 6022 for State Commercial Banks.
Filing Stats: 504 words · 2 min read · ~2 pages · Grade level 12.2 · Accepted 2024-12-18 15:59:49
Filing Documents
- unb-20241218.htm (8-K) — 20KB
- 0000706863-24-000083.txt ( ) — 127KB
- unb-20241218.xsd (EX-101.SCH) — 2KB
- unb-20241218_lab.xml (EX-101.LAB) — 19KB
- unb-20241218_pre.xml (EX-101.PRE) — 11KB
- unb-20241218_htm.xml (XML) — 2KB
01. Financial Statements and Exhibits
Item 8.01. Financial Statements and Exhibits a) Reauthorization of Limited Quarterly Stock Repurchase Program On December 18, 2024, 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 2024, 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 was extended for a period of 24 months rather than 12 months and will expire on December 31, 2026.
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. December 18, 2024 /s/ David S. Silverman David S. Silverman President and Chief Executive Officer December 18, 2024 /s/ Karyn J. Hale Karyn J. Hale Chief Financial Officer EXHIBIT INDEX 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)