{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-028054","form_type":"8-K","ticker":"NKSH","cik":"0000796534","company_name":"NATIONAL BANKSHARES INC","filed_at":"2023-10-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.023825+00:00","generated_at":"2026-06-10T01:53:59.985499+00:00","sec_items":["5.02","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"National Bankshares enters employment agreements with three executives","bullets":["Base salaries set at $190,000 for COO Ramsey, $165,000 for CFO Jones, $190,600 for CCO Sanders.","Initial two-year term with automatic one-year renewals unless notice given.","Termination without cause or for good reason: Ramsey gets 24 months' salary/benefits; Jones and Sanders get 6 months.","Change-in-control severance: Ramsey and Jones receive 2.99x bonus; Sanders receives 1.50x.","Agreements include 12-month noncompete/nonsolicitation and clawback provisions."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-028054","json":"https://secwatch.observer/filing/0001437749-23-028054.json","markdown":"https://secwatch.observer/filing/0001437749-23-028054.md","text":"https://secwatch.observer/filing/0001437749-23-028054.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/796534/000143774923028054/0001437749-23-028054-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/796534/000143774923028054/nksh20231011_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T01:53:59.985499+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}