Virginia National Bankshares Corp Reports Shareholder Vote
Ticker: VABK · Form: 8-K · Filed: Jun 28, 2024 · CIK: 1572334
Sentiment: neutral
Topics: shareholder-vote, corporate-governance
Related Tickers: VABK
TL;DR
VABK had a shareholder vote on 6/27, details TBD.
AI Summary
Virginia National Bankshares Corporation filed an 8-K on June 28, 2024, reporting on a matter submitted to a vote of its security holders on June 27, 2024. The filing does not disclose the specific outcome or details of the vote, only that it occurred.
Why It Matters
This filing indicates a significant corporate event involving shareholder decision-making, which could impact the company's future direction or governance.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a shareholder vote without immediate financial implications or changes in corporate control.
Key Players & Entities
- Virginia National Bankshares Corporation (company) — Registrant
- June 27, 2024 (date) — Date of earliest event reported
- June 28, 2024 (date) — Date of report
FAQ
What specific matter was submitted to a vote of Virginia National Bankshares Corporation's security holders?
The filing does not specify the exact matter that was submitted to a vote of security holders on June 27, 2024.
What was the outcome of the vote by Virginia National Bankshares Corporation's security holders?
The 8-K filing does not disclose the results or outcome of the vote that took place on June 27, 2024.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on June 27, 2024.
What is the principal executive office address for Virginia National Bankshares Corporation?
The principal executive offices are located at 404 People Place, Charlottesville, Virginia, 22911.
What is the telephone number for Virginia National Bankshares Corporation?
The registrant's telephone number, including area code, is (434) 817-8621.
Filing Stats: 601 words · 2 min read · ~2 pages · Grade level 7.9 · Accepted 2024-06-28 16:00:10
Filing Documents
- vabk-20240627.htm (8-K) — 59KB
- 0000950170-24-079024.txt ( ) — 167KB
- vabk-20240627.xsd (EX-101.SCH) — 23KB
- vabk-20240627_htm.xml (XML) — 4KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. Virginia National Bankshares Corporation (the "Company") held its 2024 Annual Meeting of Shareholders on June 27, 2024 (the "Meeting"). At the Meeting, the Company's shareholders (1) elected each of the 10 persons listed below under Proposal 1 by plurality to serve until the Company's 2025 annual meeting of shareholders; (2) approved, on an advisory basis, the Company's executive compensation as disclosed in the proxy statement related to the Meeting; and (3) ratified the appointment of Yount, Hyde & Barbour, P.C. as the Company's independent registered public accounting firm for 2024. The Company's independent inspector of election reported the following results of the votes by the Company's shareholders: Proposal 1. Election of 10 directors to serve until the 2025 annual meeting of shareholders Nominees Votes For Votes Withheld Broker Non-Votes John B. Adams, Jr. 3,556,123.88 38,301.00 898,061.00 Kevin T. Carter 3,530,601.88 63,823.00 898,061.00 Hunter E. Craig 3,467,037.88 127,387.00 898,061.00 William D. Dittmar, Jr. 2,815,000.88 779,424.00 898,061.00 Randolph D. Frostick 3,179,960.88 414,464.00 898,061.00 Linda M. Houston 3,175,105.88 419,319.00 898,061.00 Jay B. Keyser 3,531,758.88 62,666.00 898,061.00 Glenn W. Rust 3,172,589.38 421,835.50 898,061.00 Sterling T. Strange, III 3,265,559.88 328,865.00 898,061.00 Gregory L. Wells 3,500,119.88 94,305.00 898,061.00 Proposal 2. Advisory (non-binding) vote to approve the Company's executive compensation Votes For Votes Against Abstain Broker Non-Votes 3,322,994.09 187,743.00 83,687.79 898,061.00 Proposal 3. Ratification of the appointment of Yount, Hyde & Barbour, P.C. as the Company's independent registered public accounting firm for 2024 Votes For Votes Against Abstain Broker Non-Votes 4,454,996.88 29,896.00 7,593.00 -
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 thereunto duly authorized. VIRGINIA NATIONAL BANKSHARES CORPORATION Date: June 28, 2024 By: /s/ Tara Y. Harrison Executive Vice President and Chief Financial Officer