secwatch.observer — SEC 8-K summary
======================================

Issuer:     UNION BANKSHARES INC (UNB)
CIK:        0000706863
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0000706863-24-000057
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shareholders approve 2024 Equity Incentive Plan authorizing 250,000 new shares
------------------------------------------------------------------------------

- All nine director nominees elected with at least 1.98M votes for each; 903K broker non-votes.
- Plan replaces 2014 Equity Incentive Plan; 250,000 shares authorized (including 69,135 from prior plan).
- Potential dilution of 5.53% based on 4,519,388 shares outstanding as of record date.
- Auditor Berry Dunn McNeil & Parker ratified with 3.13M votes for; plan administered by Compensation Committee.
- Plan expires in ten years; no discounted options, no repricing without shareholder consent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706863/000070686324000057/0000706863-24-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706863/000070686324000057/unb-20240515.htm
  HTML page:      https://secwatch.observer/filing/0000706863-24-000057

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer