---
schema_version: "secwatch.filing_event.v1"
accession: "0000706863-25-000062"
form_type: "8-K"
ticker: "UNB"
cik: "0000706863"
company_name: "UNION BANKSHARES INC"
filed_at: "2025-05-19T23:59:59+00:00"
generated_at: "2026-05-21T02:24:28.733317+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Union Bankshares CEO David Silverman plans retirement in 2026; board starts successor search

## Summary
- CEO David S. Silverman, age 64, informed the Board on May 16, 2025 of his intention to retire during 2026 after 39 years with the company.
- Board will form subcommittee of independent directors to conduct comprehensive succession search; meeting set for May 21, 2025.
- Silverman will remain as President and CEO until successor is named and a transition period is completed.
- He is expected to continue serving on the Boards of the Company and Union Bank after his successor is appointed.

## SEC filing metadata
- accession: 0000706863-25-000062
- form_type: 8-K
- ticker: UNB
- cik: 0000706863
- company_name: UNION BANKSHARES INC
- filed_at: 2025-05-19T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706863/000070686325000062/0000706863-25-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706863/000070686325000062/unb-20250516.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706863-25-000062
- JSON: https://secwatch.observer/filing/0000706863-25-000062.json
- Plain text: https://secwatch.observer/filing/0000706863-25-000062.txt

## Source-grounded claims
- claim_id: f73dfc52ad
  claim: David S. Silverman departed as President and Chief Executive Officer at UNION BANKSHARES INC.
  evidence_excerpt: On May 16, 2025, President and CEO of the Company, David S. Silverman, age 64, informed the Board of Directors of his intention to retire from the Company during 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/706863/000070686325000062/0000706863-25-000062-index.htm

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