secwatch.observer — SEC 8-K summary
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Issuer:     UNION BANKSHARES INC (UNB)
CIK:        0000706863
Form:       8-K
Filed at:   2025-05-19T23:59:59+00:00
Accession:  0000706863-25-000062
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706863/000070686325000062/0000706863-25-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706863/000070686325000062/unb-20250516.htm
  HTML page:      https://secwatch.observer/filing/0000706863-25-000062

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