secwatch.observer — SEC 8-K summary
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Issuer:     UNITED BANKSHARES INC/WV (UBSI)
CIK:        0000729986
Form:       8-K
Filed at:   2022-03-01T23:59:59+00:00
Accession:  0001193125-22-058572
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729986/000119312522058572/0001193125-22-058572-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729986/000119312522058572/d323697d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-058572

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