Union Bankshares board adopts 20-year director tenure limit; exempts two current directors

UNION BANKSHARES INC

Board amended Bylaws to impose a 20-year tenure limit for directors, effective November 20, 2024.
Directors David Silverman and Timothy Sargent exempted from the tenure limit via board resolution.
Director Mary Parent and future directors will be subject to the new tenure limitation.
Tenure limit operates independently from the existing age-72 qualification; current term allowed to expire.

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0000706863-24-000075
form_type: 8-K
ticker: UNB
cik: 0000706863
company_name: UNION BANKSHARES INC
filed_at: 2024-11-21T23:59:59+00:00
discovered_at: 2026-05-14T18:03:10.840312+00:00
generated_at: 2026-05-29T21:23:33.679048+00:00
sec_items: ["5.03", "9.01"]
event_type: other_material
sentiment: neutral
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0000706863-24-000075
json_url: https://secwatch.observer/filing/0000706863-24-000075.json
markdown_url: https://secwatch.observer/filing/0000706863-24-000075.md
text_url: https://secwatch.observer/filing/0000706863-24-000075.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/706863/000070686324000075/0000706863-24-000075-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/706863/000070686324000075/unb-20241120.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
human_reviewed: false
corrected: false
correction_note: null
correction_timestamp: null
superseded_by: null

IOT

Samsara Inc. reincorporates from Delaware to Nevada, effective June 1, 2026

Samsara Inc. June 1, 2026, 4:07 PM ET other_material Items 3.03, 5.03, 9.01

same SEC item: 5.03, 9.01 same event type: other_material similar materiality

Worlds Inc. changes name to Gemaxel Inc., effective March 26, 2026

WORLDS INC June 1, 2026, 2:59 PM ET other_material Items 5.03, 9.01

same SEC item: 5.03, 9.01 same event type: other_material similar materiality

BTCS reduces stockholder quorum requirement from majority to 33.3%

BTCS Inc. June 1, 2026, 9:29 AM ET other_material Items 5.03, 9.01

same SEC item: 5.03, 9.01 same event type: other_material similar materiality

International Media Acquisition extends business combination deadline to July 2, 2026

International Media Acquisition Corp. June 1, 2026, 4:45 PM ET other_material Items 8.01, 9.01