---
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"
generated_at: "2026-05-25T02:21:41.018043+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# First National appoints Brad Schwartz as CFO effective March 31, 2025

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-006862
- JSON: https://secwatch.observer/filing/0001437749-25-006862.json
- Plain text: https://secwatch.observer/filing/0001437749-25-006862.txt

## Key facts
- Executive change
  Brad E. Schwartz was appointed as Executive Vice President and Chief Financial Officer at FIRST NATIONAL CORP /VA/.
  - Action: appointed
  - Role: Executive Vice President and Chief Financial Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719402/000143774925006862/0001437749-25-006862-index.htm

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