---
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"
generated_at: "2026-05-29T21:23:33.679048+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706863/000070686324000075/0000706863-24-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706863/000070686324000075/unb-20241120.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706863-24-000075
- JSON: https://secwatch.observer/filing/0000706863-24-000075.json
- Plain text: https://secwatch.observer/filing/0000706863-24-000075.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.