Primis Financial declassifies board of directors, adopts omnibus incentive plan

Primis Financial Corp.

Board declassification effective July 2, 2025; classified board structure eliminated starting with 2026 annual meeting.
Stockholders approved Primis Financial Corp. Omnibus Incentive Plan at June 26, 2025 annual meeting; plan became effective July 2.
Articles of Incorporation amended; Bylaws amended and restated to reflect declassification.
Material terms of the Incentive Plan were disclosed in the May 16, 2025 proxy statement.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Primis Financial Corp.: Eliminated the classified structure of the Board of Directors, effective at the 2026 annual meeting (effective 2025-07-02).

Change: charter amendment
Effective: 2025-07-02

Exact text from the filing

Effective July 2, 2025, Primis Financial Corp. (the “Company”) amended its Articles of Incorporation to eliminate the classified structure of the Board of Directors of the Company (the “Board”), beginning at the 2026 annual meeting of Company stockholders (the “Declassification Amendment”). Effective July 2, 2025, the Company also amended and restated its Amended and Restated Bylaws (the “Second Amended and Restated Bylaws”) to reflect the Declassification Amendment.

View on SEC.gov

Browse all governance changes →

Primis Financial Corp. filing history →

Source: SEC EDGAR

accession 0001104659-25-066172

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.