---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-014679"
form_type: "8-K"
ticker: "FCBC"
cik: "0000859070"
company_name: "FIRST COMMUNITY BANKSHARES INC /VA/"
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:55:04.959490+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# First Community Bankshares dismisses auditor Elliott Davis over 84% fee hike, appoints Crowe LLP

## Summary
- Elliott Davis proposed $400k audit fee for 2023, an 84% increase from original $217k quote, citing desired profitability.
- Audit Committee dismissed Elliott Davis on May 9, 2023; no adverse opinions or disagreements in reports for 2022.
- Crowe LLP engaged as new independent auditor for year ending Dec 31, 2023, subject to client acceptance procedures.
- Management will abstain from voting on ratification of Elliott Davis at annual meeting; dismissal and appointment stand.

## SEC filing metadata
- accession: 0001437749-23-014679
- form_type: 8-K
- ticker: FCBC
- cik: 0000859070
- company_name: FIRST COMMUNITY BANKSHARES INC /VA/
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/859070/000143774923014679/0001437749-23-014679-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/859070/000143774923014679/fcbc20230515_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-014679
- JSON: https://secwatch.observer/filing/0001437749-23-014679.json
- Plain text: https://secwatch.observer/filing/0001437749-23-014679.txt

## Key facts
- Auditor Changes
  FIRST COMMUNITY BANKSHARES INC /VA/ engaged Crowe, LLP as its auditor.
  - Action: engagement
  - Auditor: Crowe, LLP
  source text: On May 9, 2023, the Audit Committee of the Registrant engaged Crowe, LLP as the Registrant’s independent registered public accounting firm for the year ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/859070/000143774923014679/0001437749-23-014679-index.htm
- Auditor Changes
  FIRST COMMUNITY BANKSHARES INC /VA/ dismissed Elliott Davis, PLLC as its auditor.
  - Action: dismissal
  - Auditor: Elliott Davis, PLLC
  source text: on May 9, 2023, the Audit Committee of the Registrant approved the dismissal of Elliott Davis as the independent registered public accounting firm for the Registrant
  evidence_url: https://www.sec.gov/Archives/edgar/data/859070/000143774923014679/0001437749-23-014679-index.htm

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