---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-042938"
form_type: "8-K/A"
ticker: null
cik: "0000740971"
company_name: "OLD POINT FINANCIAL CORP"
filed_at: "2023-09-06T23:59:59+00:00"
generated_at: "2026-06-10T23:40:22.969208+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Old Point Financial CFO Elizabeth Beale resigns; restricted stock vesting accelerated

## Summary
- Elizabeth T. Beale resigned as CFO & principal financial/accounting officer effective Sept. 4, 2023.
- Compensation committee accelerated vesting of 984 restricted shares (May 2024) and 916 shares (May 2025) on Sept. 1, 2023.
- Resignation was not due to any disagreement with the Company or Bank regarding operations, policies, or accounting.

## SEC filing metadata
- accession: 0001140361-23-042938
- form_type: 8-K/A
- cik: 0000740971
- company_name: OLD POINT FINANCIAL CORP
- filed_at: 2023-09-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/740971/000114036123042938/0001140361-23-042938-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/740971/000114036123042938/brhc20058522_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-042938
- JSON: https://secwatch.observer/filing/0001140361-23-042938.json
- Plain text: https://secwatch.observer/filing/0001140361-23-042938.txt

## Key facts
- Executive change
  Elizabeth T. Beale resigned as Chief Financial Officer & Senior Vice President/Finance at OLD POINT FINANCIAL CORP.
  - Action: resigned
  - Role: Chief Financial Officer & Senior Vice President/Finance
  source text: Elizabeth T. Beale notified the Company of her decision to resign as Chief Financial Officer & Senior Vice President/Finance and principal financial and accounting officer of the Company and as Chief Financial Officer & Executive Vice President of the Bank.
  evidence_url: https://www.sec.gov/Archives/edgar/data/740971/000114036123042938/0001140361-23-042938-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.