National Bankshares Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

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Date of Report (Date of earliest event reported) May 16, 2024

 

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

 

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company        ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

ITEM 5.07   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

 

On May 14, 2024, National Bankshares, Inc. held its 2024 Annual Meeting of Stockholders (the “Annual Meeting”).  A total of 5,893,782 shares of the Company’s common stock were entitled to vote as of March 13, 2024, the record date for the Annual Meeting.  There were 4,564,118 shares, or 77.44%, present at the Annual Meeting in person or by proxy which constituted a quorum, and the stockholders voted on five proposals.

 

 

The stockholders elected five Class 1 directors to serve a three-year term expiring at the Company’s 2027 Annual Meeting of Stockholders.  The results of the vote were as follows:

 

 

 

The stockholders elected one Class 3 director to serve a two year term expiring at the Company’s 2026 Annual Meeting of Stockholders. The results of the vote were as follows:

 

 

 

The terms of office of the following directors who did not stand for re-election continued after the Annual Meeting:  F. Brad Denardo, John E. Dooley, Norman V. Fitzwater III, Charles E. Green, III, Mildred R. Johnson, William A. Peery and James C. Thompson.

 

 

The stockholders approved a (non-binding) advisory vote to approve the compensation of the named executive officers.  The results of the vote were as follows:

 

 

 

 

The stockholders voted to ratify the Company’s Board of Directors’ appointment of Yount, Hyde & Barbour, P.C. to serve as its independent registered public accounting firm for the fiscal year ending December 31, 2024.  The results of the vote were as follows:

 

 

 

 

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

NATIONAL BANKSHARES, INC.