secwatch.observer — SEC 8-K summary
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Issuer:     Atlantic Union Bankshares Corp (AUB)
CIK:        0000883948
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001104659-23-083643
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Atlantic Union Bankshares to acquire American National in all-stock merger at 1.35x exchange ratio
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- Each AMNB share converts to 1.35 AUB shares; cash paid for fractional shares.
- Two American National directors (Nancy Howell Agee, Joel R. Shepherd) to join AUB board post-close.
- Termination fee of $17.2M payable by American National under certain conditions.
- Directors and officers holding ~3.05% of AMNB shares sign affiliate agreements to vote in favor.
- Closing subject to AMNB shareholder vote, regulatory approvals, and customary conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883948/000110465923083643/0001104659-23-083643-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883948/000110465923083643/tm2321870d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-083643

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