Union Bankshares Inc. Reports Board and Officer Changes
Ticker: UNB · Form: 8-K · Filed: May 19, 2025 · CIK: 706863
| Field | Detail |
|---|---|
| Company | Union Bankshares Inc (UNB) |
| Form Type | 8-K |
| Filed Date | May 19, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, management-change, board-of-directors
TL;DR
Union Bankshares Inc. is shuffling its board and execs, filing changes effective May 16, 2025.
AI Summary
Union Bankshares Inc. announced on May 16, 2025, changes in its board and officer appointments. The filing details the departure of directors, election of new directors, and the appointment of certain officers, along with information on compensatory arrangements for these officers.
Why It Matters
Changes in a company's board of directors and executive officers can signal shifts in strategy, governance, or operational focus, potentially impacting future performance and shareholder value.
Risk Assessment
Risk Level: low — This filing reports routine corporate governance changes and does not indicate any immediate financial distress or significant operational shifts.
Key Players & Entities
- UNION BANKSHARES INC (company) — Registrant
- May 16, 2025 (date) — Date of earliest event reported
- VT (state) — State of incorporation
- 001-15985 (company) — SEC File Number
- 03-0283552 (company) — IRS Employer Identification Number
- 8028886600 (phone_number) — Business phone number
FAQ
What specific roles have been affected by the officer appointments?
The filing indicates appointments of 'certain officers' and details 'Compensatory Arrangements of Certain Officers' but does not specify the exact roles in the provided text.
Were there any resignations or terminations of directors or officers?
Yes, the filing explicitly mentions 'Departure of Directors or Certain Officers' as an item of disclosure.
What is the effective date of these reported changes?
The earliest event reported is dated May 16, 2025, and the date as of change is also May 16, 2025.
What is the primary business of Union Bankshares Inc. according to the filing?
Union Bankshares Inc. is classified under 'STATE COMMERCIAL BANKS [6022]'.
Where is Union Bankshares Inc. incorporated and what is its principal executive office address?
The company is incorporated in VT and its principal executive offices are located at 20 Lower Main St., P.O. Box 667, Morrisville, VT 05661-0667.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on May 19, 2025 regarding UNION BANKSHARES INC (UNB).