Union Bankshares Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
$UNB
Major Banks
Finance
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 21, 2025
(Exact name of registrant as specified in its charter)
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Registrant's telephone number, including area code: (802 ) 888-6600
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Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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).
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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
The Company held its annual meeting of shareholders on May 21, 2025. Of 4,538,598 shares outstanding on the record date of the meeting (March 21, 2025) and entitled to vote, 3,336,050 shares were represented in person or by proxy. The following four matters were voted on by the shareholders and approved at the meeting:
1.To fix the number of directors at nine for the ensuing year and to elect the following individuals as directors to serve a one year term:
| Nominees | Votes For | Votes Against | Votes Withheld | Broker Non-votes | ||||||||||||||||
| Joel S. Bourassa | 2,448,439 | 40,370 | 2,909 | 844,332 | ||||||||||||||||
| Dawn D. Bugbee | 2,459,680 | 29,945 | 2,093 | 844,332 | ||||||||||||||||
| Mary K. Parent | 2,457,878 | 30,131 | 3,709 | 844,332 | ||||||||||||||||
| Nancy C. Putnam | 2,460,182 | 29,943 | 1,593 | 844,332 | ||||||||||||||||
| Gregory D. Sargent | 2,450,541 | 39,584 | 1,593 | 844,332 | ||||||||||||||||
| Timothy W. Sargent | 2,446,380 | 41,945 | 3,393 | 844,332 | ||||||||||||||||
| David S. Silverman | 2,441,659 | 48,466 | 1,593 | 844,332 | ||||||||||||||||
| Janet P. Spitler | 2,457,878 | 30,931 | 2,909 | 844,332 | ||||||||||||||||
| Cornelius J. Van Dyke | 2,452,543 | 37,582 | 1,593 | 844,332 | ||||||||||||||||
2.Advisory (Nonbinding) vote to approve the compensation paid to the Company's named executive officers. The number of votes in favor was sufficient to approve the compensation paid.
| Votes For | Votes Against | Abstained | Broker Non-votes | ||||||||||||||
| 2,413,198 | 49,871 | 28,649 | 844,332 | ||||||||||||||
3.Advisory (Nonbinding) vote to approve a frequency of one, two or three years for future advisory Say-On-Pay votes of the shareholders. The number of votes was sufficient to approve a frequency of three years.
| Votes For 3 Years | Votes For 2 Years | Votes For 1 Year | Abstained | Broker Non-votes | ||||||||||||||||
| 1,611,889 | 25,632 | 837,902 | 16,295 | 844,332 | ||||||||||||||||
4.To ratify the appointment of the firm of Berry Dunn McNeil & Parker, LLC as the Company’s external auditors for 2025. The number of votes in favor was sufficient to ratify the appointment.
| Votes For | Votes Against | Abstained | ||||||||||||
| 3,296,542 | 38,752 | 756 | ||||||||||||
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 hereunto duly authorized.
| Union Bankshares, Inc. | |||||
| May 22, 2025 | /s/ David S. Silverman | ||||
| David S. Silverman | |||||
| President and Chief Executive Officer | |||||
| May 22, 2025 | /s/ Karyn J. Hale | ||||
| Karyn J. Hale | |||||
| Chief Financial Officer | |||||
EXHIBIT INDEX
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