8-K
filed May 21, 2026, 2:49 PM ET
ticker UNB
CIK 0000706863
leadership
confidence high
sentiment neutral
materiality 0.60
Union Bankshares board chair retires; CEO Silverman named new chair
UNION BANKSHARES INC
- Director Cornelius J. Van Dyke retired from board and chair role effective May 20, 2026, due to mandatory retirement age.
- CEO David S. Silverman appointed as Board Chair; Timothy W. Sargent named Vice Chair and Lead Independent Director.
- Annual meeting shareholders elected all ten director nominees; 3,297,195 shares voted (71.5% turnout).
- Ratification of BDMP Assurance, LLP as external auditors for 2026 approved with 3,268,522 votes in favor.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
David S. Silverman was named as Board Chair at UNION BANKSHARES INC.
- Action
- named
- Role
- Board Chair
Exact text from the filing
Chief Executive Officer David S. Silverman was named Board Chair
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Timothy W. Sargent was named as Vice Chair and Lead Independent Director at UNION BANKSHARES INC.
- Action
- named
- Role
- Vice Chair and Lead Independent Director
Exact text from the filing
Timothy W. Sargent was named Vice Chair and Lead Independent Director of Union Bankshares, Inc. and Union Bank.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Cornelius J. Van Dyke retired as Director and Board Chair at UNION BANKSHARES INC.
- Action
- retired
- Role
- Director and Board Chair
Exact text from the filing
Director Cornelius J. Van Dyke did not stand for re-election and retired from his position as director and Board Chair of Union Bankshares, Inc. and Union Bank as he had reached the mandatory retirement age under the bylaws.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
UNION BANKSHARES INC shareholders approved Ratify the appointment of BDMP Assurance, LLP as external auditors for 2026 at the 2026-05-20 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2026-05-20
Exact text from the filing
2. To ratify the appointment of the firm of BDMP Assurance, LLP as the Company’s external auditors for 2026. The number of votes in favor was sufficient to ratify the appointment. Votes For Votes Against Abstained 3,268,522 11,454 17,219
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
UNION BANKSHARES INC shareholders approved Election of ten directors to serve a one-year term at the 2026-05-20 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2026-05-20
Exact text from the filing
1. To fix the number of directors at ten for the ensuing year and to elect the following individuals as directors to serve a one year term: Nominees Votes For Votes Against Votes Withheld Broker Non-votes Dawn D. Bugbee 2,391,408 64,566 11,707 829,514 Steven P. Cote 2,398,242 61,347 8,092 829,514 Walter B. Frame III 2,399,876 60,785 7,020 829,514 Mary K. Parent 2,403,279 63,081 1,321 829,514 Nancy C. Putnam 2,400,009 65,856 1,816 829,514 Gregory D. Sargent 2,394,809 72,070 802 829,514 Timothy W. Sargent 2,393,437 72,641 1,603 829,514 David S. Silverman 2,408,750 41,322 17,609 829,514 Janet P. Spitler 2,399,557 63,180 4,944 829,514 Jeffrey F. Weidley 2,419,334 33,897 14,450 829,514
View on SEC.gov
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