8-K
filed April 1, 2024, 7:59 PM ET
CIK 0000741516
M&A
confidence high
sentiment neutral
materiality 1.00
American National Bankshares completes merger with Atlantic Union; shares converted at 1.35 per share
AMERICAN NATIONAL BANKSHARES INC.
- Merger effective April 1, 2024; each AMNB share converted into 1.35 Atlantic Union common shares.
- AMNB common stock delisted from Nasdaq; Atlantic Union remains as surviving corporation.
- All AMNB directors and executive officers ceased; two former AMNB directors appointed to Atlantic Union board (Nancy Howell Agee, Joel R. Shepherd).
- Separation agreements provide change-in-control severance to CEO Jeffrey Haley and executives Jeffrey Farrar and Alexander Jung.
- AMNB no longer files separate SEC reports; Atlantic Union assumes reporting obligations.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.9
Nancy Howell Agee departed as Director at AMERICAN NATIONAL BANKSHARES INC..
- Action
- ceased serving
- Role
- Director
Exact text from the filing
In connection with the Merger, all of American National’s directors ceased serving on the American National board of directors as of the Effective Time, and on April 1, 2024, in connection with the Merger and pursuant to the Merger Agreement, two former directors of American National were appointed by the board of directors of Atlantic Union to serve as directors of Atlantic Union: Nancy Howell Agee and Joel R. Shepherd.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeffrey Haley departed as President and Chief Executive Officer at AMERICAN NATIONAL BANKSHARES INC..
- Action
- ceased
- Role
- President and Chief Executive Officer
Exact text from the filing
American National and American National Bank and Trust Company (“AMNB Bank”) entered into a separation agreement with Jeffrey Haley, President and Chief Executive Officer of American National, which provided for termination of Mr. Haley’s employment with American National and American National Bank at the Effective Time
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Joel R. Shepherd was appointed as Director at AMERICAN NATIONAL BANKSHARES INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
In connection with the Merger, all of American National’s directors ceased serving on the American National board of directors as of the Effective Time, and on April 1, 2024, in connection with the Merger and pursuant to the Merger Agreement, two former directors of American National were appointed by the board of directors of Atlantic Union to serve as directors of Atlantic Union: Nancy Howell Agee and Joel R. Shepherd.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Nancy Howell Agee was appointed as Director at AMERICAN NATIONAL BANKSHARES INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
In connection with the Merger, all of American National’s directors ceased serving on the American National board of directors as of the Effective Time, and on April 1, 2024, in connection with the Merger and pursuant to the Merger Agreement, two former directors of American National were appointed by the board of directors of Atlantic Union to serve as directors of Atlantic Union: Nancy Howell Agee and Joel R. Shepherd.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Joel R. Shepherd departed as Director at AMERICAN NATIONAL BANKSHARES INC..
- Action
- ceased serving
- Role
- Director
Exact text from the filing
In connection with the Merger, all of American National’s directors ceased serving on the American National board of directors as of the Effective Time, and on April 1, 2024, in connection with the Merger and pursuant to the Merger Agreement, two former directors of American National were appointed by the board of directors of Atlantic Union to serve as directors of Atlantic Union: Nancy Howell Agee and Joel R. Shepherd.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.85
Jeffrey Farrar departed as other_named_officer at AMERICAN NATIONAL BANKSHARES INC..
- Action
- ceased
Exact text from the filing
American National and AMNB Bank also entered into separation agreements with each of Jeffrey Farrar and Alexander Jung. Such separation agreements provided for termination of each executive officer’s employment
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.85
Alexander Jung departed as other_named_officer at AMERICAN NATIONAL BANKSHARES INC..
- Action
- ceased
Exact text from the filing
American National and AMNB Bank also entered into separation agreements with each of Jeffrey Farrar and Alexander Jung. Such separation agreements provided for termination of each executive officer’s employment
View on SEC.gov
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