---
schema_version: "secwatch.filing_event.v1"
accession: "0000706863-26-000047"
form_type: "8-K"
ticker: "UNB"
cik: "0000706863"
company_name: "UNION BANKSHARES INC"
filed_at: "2026-05-21T18:49:03+00:00"
generated_at: "2026-05-21T18:51:17.577500+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Union Bankshares board chair retires; CEO Silverman named new chair

## Summary
- 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.

## SEC filing metadata
- accession: 0000706863-26-000047
- form_type: 8-K
- ticker: UNB
- cik: 0000706863
- company_name: UNION BANKSHARES INC
- filed_at: 2026-05-21T18:49:03+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706863/000070686326000047/0000706863-26-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706863/000070686326000047/unb-20260520.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706863-26-000047
- JSON: https://secwatch.observer/filing/0000706863-26-000047.json
- Plain text: https://secwatch.observer/filing/0000706863-26-000047.txt

## Source-grounded claims
- claim_id: b18da3d59a
  claim: David S. Silverman was named as Board Chair at UNION BANKSHARES INC.
  evidence_excerpt: Chief Executive Officer David S. Silverman was named Board Chair
  evidence_url: https://www.sec.gov/Archives/edgar/data/706863/000070686326000047/0000706863-26-000047-index.htm
- claim_id: b813004294
  claim: Timothy W. Sargent was named as Vice Chair and Lead Independent Director at UNION BANKSHARES INC.
  evidence_excerpt: Timothy W. Sargent was named Vice Chair and Lead Independent Director of Union Bankshares, Inc. and Union Bank.
  evidence_url: https://www.sec.gov/Archives/edgar/data/706863/000070686326000047/0000706863-26-000047-index.htm
- claim_id: c8952bcdf3
  claim: Cornelius J. Van Dyke retired as Director and Board Chair at UNION BANKSHARES INC.
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/706863/000070686326000047/0000706863-26-000047-index.htm

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