secwatch.observer — SEC 8-K summary
======================================

Issuer:     Atlantic Union Bankshares Corp (AUB)
CIK:        0000883948
Form:       8-K
Filed at:   2022-01-18T23:59:59+00:00
Accession:  0000883948-22-000006
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Atlantic Union Bank names Maria Tedesco as President & COO; CRO David Bilko plans to retire
--------------------------------------------------------------------------------

- Maria Tedesco appointed COO effective Jan 14, 2022, while continuing as President of the Bank.
- New employment agreement: minimum base salary $489,060; eligible for incentive plans, company car, severance.
- Severance terms: 2x base salary on termination without cause; 1x base salary on non-renewal.
- David Bilko, EVP & Chief Risk Officer, intends to retire in 2022; successor search begins Q1 2022.
- Non-material conforming amendments to employment agreements with CEO John Asbury and CFO Robert Gorman.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883948/000088394822000006/0000883948-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883948/000088394822000006/aub-20220114x8k.htm
  HTML page:      https://secwatch.observer/filing/0000883948-22-000006

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