Uwharrie Capital Corp Announces Annual Meeting of Shareholders on May 28, 2024

TL;DR

<b>Uwharrie Capital Corp will hold its Annual Meeting of Shareholders on May 28, 2024, to elect directors and ratify auditors.</b>

AI Summary

UWHARRIE CAPITAL CORP (UWHR) filed a Proxy Statement (DEF 14A) with the SEC on April 12, 2024. Annual Meeting of Shareholders scheduled for Tuesday, May 28, 2024, at 10:00 a.m. via virtual meeting. Shareholders will vote on the election of four (4) directors to three (3) year terms. The appointment of Forvis, LLP as the Company's independent registered public accounting firm for 2024 will be ratified. Proxy materials were first mailed to shareholders on or about April 12, 2024. The meeting will be held solely by means of remote communication in a virtual-only format.

Why It Matters

For investors and stakeholders tracking UWHARRIE CAPITAL CORP, this filing contains several important signals. Shareholders have the opportunity to directly influence the company's governance by electing directors. The ratification of the independent auditor ensures continued oversight and financial transparency.

Risk Assessment

Risk Level: low — UWHARRIE CAPITAL CORP shows low risk based on this filing. The filing is a routine DEF 14A proxy statement, indicating standard corporate governance procedures rather than significant financial or operational changes.

Analyst Insight

Shareholders should review the proxy materials to make informed decisions regarding director elections and auditor ratification.

Key Numbers

• 4 — Directors to be elected (To elect four (4) directors to three (3) year terms)
• 3 — Director term length (three (3) year terms)
• 2024 — Fiscal year for auditor (independent registered public accounting firm for 2024)

Key Players & Entities

• UWHARRIE CAPITAL CORP (company) — Registrant name
• Tamara M. Singletary (person) — Executive Vice President and Corporate Secretary
• Forvis, LLP (company) — Independent registered public accounting firm
• May 28, 2024 (date) — Date of Annual Meeting
• April 12, 2024 (date) — Date proxy materials were mailed
• 10:00 a.m. (time) — Time of Annual Meeting

FAQ

Industry Context

Uwharrie Capital Corp operates within the commercial banking sector, as indicated by its SIC code 6022.

Regulatory Implications

This filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing the solicitation of proxies.

What Investors Should Do

1. Review the proxy statement for details on director nominees.
2. Vote on the ratification of Forvis, LLP as the independent auditor.
3. Participate in the virtual annual meeting or vote by proxy.

Key Dates

• 2024-05-28: Annual Meeting of Shareholders — Election of directors and ratification of auditors
• 2024-04-12: Mailing of Notice of Internet Availability of Proxy Materials — Shareholders receive notice and access to proxy materials

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard proxy statement for an annual meeting, not a comparative financial filing.

Key Financial Figures

• $1.25 — e shares of its common stock, par value $1.25 per share, of which 20,000,000 shares a

Filing Documents

• uwhr-20240412.htm (DEF 14A) — 745KB
• img142993830_0.jpg (GRAPHIC) — 4KB
• img142993830_1.jpg (GRAPHIC) — 817KB
• img142993830_2.jpg (GRAPHIC) — 853KB
• 0000950170-24-043973.txt (&nbsp;) — 4974KB
• uwhr-20240412.xsd (EX-101.SCH) — 7KB
• uwhr-20240412_htm.xml (XML) — 46KB

From the Filing

DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 UWHARRIE CAPITAL CORP (Name of registrant as specified in its charter) (Name of person(s) filing proxy statement, if other than the registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. Uwharrie Capital Corp 132 North First Street Albemarle, North Carolina 28001 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS NOTICE is hereby given that the Annual Meeting of Shareholders of Uwharrie Capital Corp (the "Company") will be held as follows: Place: Virtual Meeting Date: Tuesday, May 28, 2024 Time: 10:00 a.m. The purposes of the meeting are: 1. To elect four (4) directors to three (3) year terms; 2. To ratify the appointment of Forvis, LLP as the Company's independent registered public accounting firm for 2024; and 3. To transact such other business as may properly be presented for action at the meeting. Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Shareholders to be Held on May 28, 2024: We first mailed the Notice of Internet Availability of Proxy Materials to our shareholders on or about April 12, 2024. The Notice and Proxy Statement and the Company's Annual Report on Form 10-K are available on the internet at www.proxyvote.com . Special Note Regarding Remote Participation: The Annual Meeting of Shareholders is being held solely by means of remote communication in a virtual-only format. We encourage each shareholder to take advantage of the ability to vote by proxy via internet, telephone, or mail, as instructed on the Notice of Internet Availability of Proxy Materials and the appointment of proxy. For more information, please see "Remote Participation" on page 1 of the accompanying proxy statement. By Order of the Board of Directors Tamara M. Singletary Executive Vice President and Corporate Secretary April 12, 2024 Uwharrie Capital Corp 132 North First Street Albemarle, North Carolina 28001 704-982-4415 PROXY STATEMENT Dated: April 12, 2024 ANNUAL MEETING OF SHAREHOLDERS This Proxy Statement is being furnished in connection with the solicitation by the Board of Directors of Uwharrie Capital Corp (the "Company") of appointments of proxy for use at the annual meeting of the Company's shareholders (the "Annual Meeting") to be held on May 28, 2024, at 10:00 a.m. by means of remote communication in a virtual-only format. The Company's proxy solicitation materials are being made available on April 12, 2024 to shareholders of record as of March 25, 2024. Internet Availability of Proxy Materials We are providing proxy materials to our shareholders primarily via the internet, instead of mailing printed copies of those materials to each shareholder. By doing so, we save costs and reduce the environmental impact of the Annual Meeting. On or about April 12, 2024, we mailed a Notice of Internet Availability of Proxy Materials (the "Internet Notice") to our shareholders. The Internet Notice contains instructions about how to access our proxy materials and vote. If you would like to receive a paper copy of our proxy materials, please follow the instructions included in the Internet Notice. Remote Participation The Annual Meeting will be held solely by means of remote communication via live video conference, in a virtual-only format. Even if you plan to attend the virtual meeting, we strongly encourage all shareholders to vote by proxy in advance of the meeting . To register to attend the virtual meeting, please contact our investor relations department by sending an email to investorrelations@uwharrie.com or by calling 704-982-4415 or 800-438-6864. Shareholders participating remotely will have the same rights as if they were attending the meeting in person, including the ability to vote shares during the meeting and ask questions using the online chat feature. We may exercise our discretion in selecting questions to be answered during the meeting and may not have time to respond to all questions submitted. Voting of Proxies Persons named in the appointment of proxy to represent shareholders at the Annual Meeting are Roger L. Dick, R. David Beaver, III and Christy D. Stoner (the "Proxies"). Shares represented by each appointment of proxy that is properly executed, returned and not revoked, will be voted in acco