secwatch.observer — SEC 8-K summary
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Issuer:     Virginia National Bankshares Corp (VABK)
CIK:        0001572334
Form:       8-K
Filed at:   2026-05-15T13:00:17+00:00
Accession:  0001193125-26-225478
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Virginia National Bankshares enters CFO continuity agreement, raises salary to $375K
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- Cathy W. Liles, EVP and CFO, entered a management continuity agreement on May 11, 2026.
- On change-in-control, she receives 2x base salary plus average bonus and benefits for 18 months.
- Annual base salary increased to $375,000, subject to annual adjustment.
- Severance reduced to avoid Section 4999 golden parachute excise taxes.
- Clawback provisions apply to incentive compensation as required by law.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1572334/000119312526225478/0001193125-26-225478-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1572334/000119312526225478/vabk-20260511.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-225478

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer