Union Bankshares Inc. Announces 132nd Annual Shareholder Meeting

TL;DR

<b>Union Bankshares, Inc. will hold its 132nd annual shareholder meeting on May 15th in Johnson, Vermont, utilizing internet delivery for proxy materials.</b>

AI Summary

UNION BANKSHARES INC (UNB) filed a Proxy Statement (DEF 14A) with the SEC on April 2, 2024. The 132nd annual meeting of Union Bankshares, Inc. will be held on Wednesday, May 15th at 3:00 p.m. local time. The meeting will take place in person at the Stearns Center Performance Space, Vermont State University - Johnson Campus, Johnson, Vermont. Shareholders will receive a notice of annual meeting, a proxy statement, and a proxy card. Union Bankshares, Inc. is primarily providing proxy materials to shareholders via the internet to reduce waste. The company is committed to environmental responsibility in its shareholder communications.

Why It Matters

For investors and stakeholders tracking UNION BANKSHARES INC, this filing contains several important signals. This annual meeting is a key governance event where shareholders can vote on company matters and engage with management. The company's decision to distribute materials primarily online reflects a modern approach to shareholder communication and environmental consciousness.

Risk Assessment

Risk Level: low — UNION BANKSHARES INC shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, containing no significant new financial or strategic information, thus posing minimal immediate risk.

Analyst Insight

Shareholders should review the proxy materials for details on voting procedures and any proposals to be considered at the annual meeting.

Key Numbers

• 132nd — Annual Meeting Number (Union Bankshares, Inc. 132nd annual meeting)
• May 15th — Annual Meeting Date (The 132nd annual meeting will be held on Wednesday, May 15th)
• 3:00 p.m. — Annual Meeting Time (at 3:00 p.m local time)

Key Players & Entities

• UNION BANKSHARES INC (company) — Registrant and Filer
• 0000706863 (company) — Central Index Key for Union Bankshares Inc.
• 20240402 (date) — Filing Date
• May 15th (date) — Date of Annual Meeting
• Vermont State University - Johnson Campus (company) — Location of Annual Meeting
• VT (location) — State of Incorporation and Business Address

FAQ

Industry Context

Union Bankshares, Inc. operates within the commercial banking sector, a field subject to regulatory oversight and market fluctuations.

Regulatory Implications

As a bank holding company, Union Bankshares, Inc. is subject to regulations from federal and state authorities governing financial institutions.

What Investors Should Do

1. Review the proxy statement for details on proposals and director nominations.
2. Vote your shares by the deadline, either online or by mail.
3. Attend the annual meeting on May 15th if possible to engage directly with the company.

Key Dates

• 2024-05-15: 132nd Annual Shareholder Meeting — Shareholders will vote on company matters and receive updates.

Year-Over-Year Comparison

This filing is a definitive proxy statement (DEF 14A) for the upcoming annual meeting, indicating a routine corporate governance process rather than a change from previous filings.

Key Financial Figures

• $2.00 — Only holders of record of the Company's $2.00 par value common stock as of the close

Filing Documents

• proxy2023.htm (DEF 14A) — 830KB
• chart-5b51d1baca654323ba6.jpg (GRAPHIC) — 133KB
• chart-abf3d448d42143229dd.jpg (GRAPHIC) — 135KB
• image1a24.jpg (GRAPHIC) — 9KB
• nvsignaturea03.jpg (GRAPHIC) — 10KB
• proxycardscanimage.jpg (GRAPHIC) — 13KB
• qrcode.jpg (GRAPHIC) — 14KB
• timsargentsignature.jpg (GRAPHIC) — 28KB
• unblogoproxycarda05.jpg (GRAPHIC) — 13KB
• 0000706863-24-000030.txt (&nbsp;) — 1304KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 21 PAY VERSUS PERFORMANCE DISCLOSURE 30 PROPOSAL 2 APPROVAL OF THE UNION BANKSHARES, INC. 2024 EQUITY INCENTIVE PLAN 32 PROPOSAL 3 RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITORS 37 SHAREHOLDER NOMINATIONS AND OTHER PROPOSALS 38 OTHER MATTERS 39 APPENDIX A - 2024 EQUITY INCENTIVE PLAN A- 1 UNION BANKSHARES, INC. 20 Lower Main Street Morrisville, VT 05661 (802) 888-6600 PROXY STATEMENT Annual Meeting of Shareholders May 15, 2024 INFORMATION ABOUT THE MEETING Why did I receive a Notice Regarding the Internet Availability of the Proxy Materials instead of a paper copy of the proxy materials We have mailed a notice of availability of the proxy materials on the internet (which also constitutes a notice of meeting), rather than a full paper set of the proxy materials, to our shareholders. The notice of availability includes instructions on how to access our proxy materials on the internet, as well as instructions on how shareholders may obtain a paper copy of the proxy materials by mail or an electronic copy by email. This distribution process reduces our costs to print and distribute the proxy materials and reduces paper waste. How can I request a paper copy of the proxy materials Upon request, we will without charge mail a paper copy of the proxy materials and the 20223 Annual Report on Form 10-K, or if you prefer, we will email you a copy. If you would like to request a copy of the materials for this meeting, you may (1) visit www.proxyvote.com, (2) call 1-800-579-1639 (toll free) or (3) send an email to sendmaterialproxyvote.com. If sending an email, please include your control number located on the Important Notice Regarding Internet Availability of Proxy Materials mailed to you previously. Unless requested, you will not otherwise receive a paper or email copy. Who is entitled to vote at the annual meeting Only holders of record of the Company's $2.00 par value common stock as of the close of business

View Full Filing

View this DEF 14A filing on SEC EDGAR