---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-058572"
form_type: "8-K"
ticker: "UBSI"
cik: "0000729986"
company_name: "UNITED BANKSHARES INC/WV"
filed_at: "2022-03-01T23:59:59+00:00"
generated_at: "2026-06-27T03:17:39.988087+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# United Bankshares announces executive reorganization: Adams to Exec Chairman, Adams Jr. as CEO, Consagra as President

## Summary
- Richard M. Adams becomes Executive Chairman effective April 1, 2022; base salary $1,297,920; reduced incentive targets.
- Richard M. Adams Jr. appointed CEO and board member; base salary $950,000; long-term incentive target 130% of salary.
- James J. Consagra Jr. appointed President; base salary $850,000; long-term incentive target 120% of salary.
- Board size increased from 13 to 14; Adams Jr. will fill the new vacancy and serve on the Executive Committee.
- Mr. Adams served as CEO since 1976; Adams Jr. has been President since 2014 and joined the company in 1994.

## SEC filing metadata
- accession: 0001193125-22-058572
- form_type: 8-K
- ticker: UBSI
- cik: 0000729986
- company_name: UNITED BANKSHARES INC/WV
- filed_at: 2022-03-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/729986/000119312522058572/0001193125-22-058572-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/729986/000119312522058572/d323697d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-058572
- JSON: https://secwatch.observer/filing/0001193125-22-058572.json
- Plain text: https://secwatch.observer/filing/0001193125-22-058572.txt

## Key facts
- Executive change
  Richard M. Adams, Jr. was appointed as Chief Executive Officer at UNITED BANKSHARES INC/WV.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On February 28, 2022, the Board of Directors of the Company appointed Richard M. Adams, Jr. as Chief Executive Officer of the Company effective April 1, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/729986/000119312522058572/0001193125-22-058572-index.htm
- Executive change
  Richard M. Adams changed role as Executive Chairman at UNITED BANKSHARES INC/WV.
  - Action: will become
  - Role: Executive Chairman
  source text: Richard M. Adams, the Chairman of the Board of Directors and Chief Executive Officer of the Company will become the Executive Chairman of the Board of Directors of the Company at the beginning of the second quarter, April 1, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/729986/000119312522058572/0001193125-22-058572-index.htm
- Executive change
  James J. Consagra, Jr. was appointed as President at UNITED BANKSHARES INC/WV.
  - Action: appointed
  - Role: President
  source text: On February 28, 2022, the Board of Directors of the Company appointed James J. Consagra, Jr. as the President of the Company effective April 1, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/729986/000119312522058572/0001193125-22-058572-index.htm

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