{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-006862","form_type":"8-K","ticker":"FXNC","cik":"0000719402","company_name":"FIRST NATIONAL CORP /VA/","filed_at":"2025-03-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.174782+00:00","generated_at":"2026-05-25T02:21:41.018043+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"First National appoints Brad Schwartz as CFO effective March 31, 2025","bullets":["Brad Schwartz, former President/COO of TowneBank (retired Dec 2022), named EVP and CFO.","Effective March 31, 2025; Bruce Thomas remains interim CFO until that date.","Employment agreement: 2-year term starting March 31, 2025, with annual auto-renewal.","Base salary $300k, incentive target ≥30% of base, relocation reimbursement up to $75k.","Non-compete and non-solicitation covenants extend 12 months after termination of employment."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-006862","json":"https://secwatch.observer/filing/0001437749-25-006862.json","markdown":"https://secwatch.observer/filing/0001437749-25-006862.md","text":"https://secwatch.observer/filing/0001437749-25-006862.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/719402/000143774925006862/0001437749-25-006862-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/719402/000143774925006862/fxnc20250307_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T02:21:41.018043+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":[{"claim_id":"f92fc19c71","claim":"Brad E. Schwartz was appointed as Executive Vice President and Chief Financial Officer at FIRST NATIONAL CORP /VA/.","evidence_excerpt":"On March 7, 2025, First National Corporation (the “Company”) appointed Brad E. Schwartz as Executive Vice President and Chief Financial Officer of the Corporation and of its wholly owned subsidiary, First Bank, effective March 31, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719402/000143774925006862/0001437749-25-006862-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Vice President and Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}