secwatch.observer — SEC 8-K summary
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Issuer:     UNION BANKSHARES INC (UNB)
CIK:        0000706863
Form:       8-K
Filed at:   2026-03-24T23:59:59+00:00
Accession:  0000706863-26-000031
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Union Bankshares: Board Chair Neil Van Dyke to retire; CEO David Silverman named new Chair
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- Neil Van Dyke (72) will not stand for re-election at 2026 annual meeting due to board age limit of 72.
- CEO David Silverman, retiring in July, will become Board Chair after Van Dyke's retirement.
- Vice Chair Timothy Sargent appointed Lead Independent Director because Silverman is not independent.
- Chair and Lead Independent Director appointments expected to be formalized at board's annual organizational meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706863/000070686326000031/0000706863-26-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706863/000070686326000031/unb-20260318.htm
  HTML page:      https://secwatch.observer/filing/0000706863-26-000031

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