--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-24-041548" form_type: "8-K" ticker: null cik: "0000741516" company_name: "AMERICAN NATIONAL BANKSHARES INC." filed_at: "2024-04-01T23:59:59+00:00" generated_at: "2026-06-04T05:01:52.654394+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # American National Bankshares completes merger with Atlantic Union; shares converted at 1.35 per share ## Summary - 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. ## SEC filing metadata - accession: 0001104659-24-041548 - form_type: 8-K - cik: 0000741516 - company_name: AMERICAN NATIONAL BANKSHARES INC. - filed_at: 2024-04-01T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/741516/000110465924041548/0001104659-24-041548-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/741516/000110465924041548/tm2410073d11_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-24-041548 - JSON: https://secwatch.observer/filing/0001104659-24-041548.json - Plain text: https://secwatch.observer/filing/0001104659-24-041548.txt ## Key facts - Executive change Nancy Howell Agee departed as Director at AMERICAN NATIONAL BANKSHARES INC.. - Action: ceased serving - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/741516/000110465924041548/0001104659-24-041548-index.htm - Executive change Jeffrey Haley departed as President and Chief Executive Officer at AMERICAN NATIONAL BANKSHARES INC.. - Action: ceased - Role: President and Chief Executive Officer source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/741516/000110465924041548/0001104659-24-041548-index.htm - Executive change Joel R. Shepherd was appointed as Director at AMERICAN NATIONAL BANKSHARES INC.. - Action: appointed - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/741516/000110465924041548/0001104659-24-041548-index.htm - Executive change Nancy Howell Agee was appointed as Director at AMERICAN NATIONAL BANKSHARES INC.. - Action: appointed - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/741516/000110465924041548/0001104659-24-041548-index.htm - Executive change Joel R. Shepherd departed as Director at AMERICAN NATIONAL BANKSHARES INC.. - Action: ceased serving - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/741516/000110465924041548/0001104659-24-041548-index.htm - Executive change Jeffrey Farrar departed as other_named_officer at AMERICAN NATIONAL BANKSHARES INC.. - Action: ceased source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/741516/000110465924041548/0001104659-24-041548-index.htm - Executive change Alexander Jung departed as other_named_officer at AMERICAN NATIONAL BANKSHARES INC.. - Action: ceased source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/741516/000110465924041548/0001104659-24-041548-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.