NATIONAL BANKSHARES INC — fact timeline

NATIONAL BANKSHARES INC shareholders approved Ratification of the appointment of Yount, Hyde & Barbour, P.C. as the Company's independent registered public accounting firm for the year ending December 31, 2026 at the 2026-05-12 meeting.

“Proposal No. 3 – Ratification of the appointment of Yount, Hyde & Barbour, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2026. The stockholders voted to ratify the Company’s Board of Directors’ appointment of Yount, Hyde & Barbour, P.C. to serve as its independent registered public accounting firm for the fiscal year ending December 31, 2026. The results of the vote were as follows: For Against Abstain 4,850,064 9,857 14,949”

NATIONAL BANKSHARES INC shareholders approved Advisory (non-binding) vote to approve the compensation of the Company's named executive officers at the 2026-05-12 meeting.

“Proposal No. 2 – Advisory (Non-Binding) Vote to Approve the Compensation of the Company’s Named Executive Officers The stockholders approved a (non-binding) advisory vote to approve the compensation of the named executive officers. The results of the vote were as follows: For Against Abstain Broker Non-Votes 3,233,731 367,708 32,992 1,240,439”

NATIONAL BANKSHARES INC shareholders approved Election of three Class 3 directors to serve a three-year term expiring at the 2029 Annual Meeting at the 2026-05-12 meeting.

“Proposal No. 1 – Vote on Directors The stockholders elected three Class 3 directors to serve a three-year term expiring at the Company’s 2029 Annual Meeting of Stockholders. The results of the vote were as follows: For Withhold Broker Non-Votes Mildred R. Johnson 3,360,502 273,929 1,240,439 Lutheria H. Smith 3,301,072 333,359 1,240,439 James C. Thompson 3,478,101 156,330 1,240,439”

NATIONAL BANKSHARES INC reported the three months ended March 31, 2026 results: net income $5.0 million, EPS $0.78 per diluted common share.

“The Company reported net income of $5.0 million or $0.78 per diluted common share for the three months ended March 31, 2026.”

NATIONAL BANKSHARES INC: Reduced the number of directors from 13 to 12, effective May 13, 2026 (effective 2026-05-13).

“On April 8, 2026, the Board of Directors of National Bankshares, Inc. (the “Company”) adopted an amendment (the “Amendment”) of the Bylaws of the Company. The Amendment will become effective on May 13, 2026. The Amendment: changed the number of directors of the Company from thirteen (13) to twelve (12) (Article II, Section 2.2).”

Lara E. Ramsey was appointed as President and Chief Executive Officer at NATIONAL BANKSHARES INC.

“The Company also announced that effective July 1, 2025, Lara E. Ramsey, the President of the Company and the Bank, has been appointed by the Boards of Directors of the Company and the Bank to succeed Mr. Denardo as President and Chief Executive Officer of the Company and the Bank upon his retirement.”

F. Brad Denardo changed role as Chief Executive Officer at NATIONAL BANKSHARES INC.

“F. Brad Denardo, the Chief Executive Officer of the Company and the Company’s wholly owned banking subsidiary, The National Bank of Blacksburg (the “Bank”), will retire from such positions effective June 30, 2025.”

Lara E. Ramsey was appointed as President at NATIONAL BANKSHARES INC.

“The Board of Directors of National Bankshares, Inc. and The National Bank of Blacksburg announced the appointment of Lara E. Ramsey as the Holding Company and Bank’s President effective January 1, 2025.”

William A. Peery retired as Director at NATIONAL BANKSHARES INC.

“On July 8, 2024, William A. Peery, a director of National Bankshares, Inc. (the “Company”) and The National Bank of Blacksburg (the “Bank”), a wholly-owned subsidiary of the Company, notified the Company and the Bank that he is retiring from the Boards of Directors of the Company and the Bank effective as of July 8, 2024.”

Alan J. Sweet was appointed as director at NATIONAL BANKSHARES INC.

“On June 12, 2024, the Company’s Board of Directors appointed Alan J. Sweet as a new director of the Company, effective immediately.”

NATIONAL BANKSHARES INC completed an acquisition involving Frontier Community Bank for approximately $16.07 million (closed 2024-06-01).

“of Blacksburg (“National Bank”), completed its acquisition of Frontier Community Bank (“Frontier”) effective June 1, 2024. Following the transaction, valued at approximately $16.07 million, National Bankshares now operates 27 full-service offices along with two loan production offices, and has approximately $1.8 billion in total assets. Under the previously”

NATIONAL BANKSHARES INC shareholders approved Ratification of the selection of Yount, Hyde & Barbour, P.C. as the Company’s independent registered public accounting firm for 2024 at the 2024-05-14 meeting.

“The stockholders voted to ratify the Company’s Board of Directors’ appointment of Yount, Hyde & Barbour, P.C. to serve as its independent registered public accounting firm for the fiscal year ending December 31, 2024.”

NATIONAL BANKSHARES INC shareholders approved Advisory (Non-Binding) Vote to Approve Executive Compensation at the 2024-05-14 meeting.

“The stockholders approved a (non-binding) advisory vote to approve the compensation of the named executive officers.”

NATIONAL BANKSHARES INC shareholders approved Election of one Class 3 director at the 2024-05-14 meeting.

“The stockholders elected one Class 3 director to serve a two year term expiring at the Company’s 2026 Annual Meeting of Stockholders.”

NATIONAL BANKSHARES INC shareholders approved Election of five Class 1 directors at the 2024-05-14 meeting.

“The stockholders elected five Class 1 directors to serve a three-year term expiring at the Company’s 2027 Annual Meeting of Stockholders.”

NATIONAL BANKSHARES INC: Increased the number of directors from 12 to 13 (effective 2024-05-14).

“On May 14, 2024, the Company’s Board of Directors adopted amendments to Article II, Section 2.2 of the Company’s Bylaws, effective immediately, to (i) increase the number of directors of the Company from 12 to 13.”

NATIONAL BANKSHARES INC reported first quarter of 2024 results: net income $2.17 million, EPS $0.37.

“The Company reported net income of $2.17 million, or basic and diluted earnings per common share of $0.37.”

NATIONAL BANKSHARES INC reported Fourth quarter and year ended December 31, 2023 results: net income Net income of $4.19 million, or basic and diluted earnings per common share of $0.71, for the fourth quarter and $15.69, EPS Basic and diluted earnings per common share of $0.71 for the fourth quarter and $2.66 for the year ended December 31, 20.

“The Company reported net income of $4.19 million, or basic and diluted earnings per common share of $0.71, for the fourth quarter and $15.69 million, or basic and diluted earnings per common share of $2.66, for the year ended December 31, 2023.”

NATIONAL BANKSHARES INC: Amended Bylaws to increase board size from 11 to 12 and raise director renomination age limit from 73 to 75 (effective 2024-01-23).

“On January 23, 2024, the Company’s Board of Directors adopted amendments to Article II, Section 2.2 of the Company’s Bylaws, effective immediately, to (i) increase the number of directors of the Company from 11 to 12 and (ii) change the age limit for a director to be renominated to the Board from 73 to 75.”

NATIONAL BANKSHARES INC entered into Agreement and Plan of Merger with Frontier Community Bank (effective 2024-01-23).

“On January 23, 2024, National Bankshares, Inc., a Virginia corporation (the “Company”), The National Bank of Blacksburg, a national banking association and wholly-owned bank subsidiary of the Company (the “Bank”), and Frontier Community Bank, a Virginia chartered commercial bank (“FCB”), entered into an Agreement and Plan of Merger (the “Merger Agreement”)”

Lara E. Ramsey was appointed as Director at NATIONAL BANKSHARES INC.

“On January 23, 2024, the Company’s Board of Directors appointed Lara E. Ramsey as a new director of the Company, effective immediately.”

NATIONAL BANKSHARES INC reported the third quarter and nine months ended September 30, 2023 results: net income net income of $3.07 million, or basic earnings per common share of $0.52, for the third quarter and $11.51 million, or b, EPS basic earnings per common share of $0.52, for the third quarter and ... basic earnings per common share of $1.95, for th.

“On October 26, 2023, National Bankshares, Inc. issued a press release reporting its financial results for the period ended September 30, 2023.”

NATIONAL BANKSHARES INC reported the second quarter and first half of 2023 results: net income $3.90 million, or basic earnings per common share of $0.66, for the second quarter and $8.43 million, or basic earnings.

“On July 20, 2023, National Bankshares, Inc. issued a press release reporting its financial results for the period ended June 30, 2023.”

NATIONAL BANKSHARES INC shareholders approved Ratification of the selection of Yount, Hyde & Barbour, P.C. as the independent registered public accounting firm for 2023. at the 2023-05-09 meeting.

“ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS On May 9, 2023, National Bankshares, Inc. held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”). A total of 5,889,687 shares of the Company’s common stock were entitled to vote as of March 8, 2023, the record date for the Annual Meeting. There were 4,674,174 shares, or 79.4%, present at the Annual Meeting in person or by proxy which constituted a quorum, and the stockholders voted on five proposals. Proposal No. 1 – Vote on Directors The stockholders elected four Class 3 directors to serve a three-year term expiring at the Company’s 2026 Annual Meeting of Stockholders. The results of the vote were as follows: For Withhold Broker Non-Votes Charles E. Green, III 3,425,707 203,283 1,045,184 Mildred R. Johnson 3,483,683 145,307 1,045,184 William A. Peery 3,441,533 187,457 1,045,184 James C. Thompson 3,446,298 182,692 1,045,184 The terms of office of the following directors who did not stand for re-election con”

NATIONAL BANKSHARES INC shareholders approved Advisory (Non-Binding) Vote on the Frequency of Future Stockholder Votes to Approve Executive Compensation. at the 2023-05-09 meeting.

“ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS On May 9, 2023, National Bankshares, Inc. held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”). A total of 5,889,687 shares of the Company’s common stock were entitled to vote as of March 8, 2023, the record date for the Annual Meeting. There were 4,674,174 shares, or 79.4%, present at the Annual Meeting in person or by proxy which constituted a quorum, and the stockholders voted on five proposals. Proposal No. 1 – Vote on Directors The stockholders elected four Class 3 directors to serve a three-year term expiring at the Company’s 2026 Annual Meeting of Stockholders. The results of the vote were as follows: For Withhold Broker Non-Votes Charles E. Green, III 3,425,707 203,283 1,045,184 Mildred R. Johnson 3,483,683 145,307 1,045,184 William A. Peery 3,441,533 187,457 1,045,184 James C. Thompson 3,446,298 182,692 1,045,184 The terms of office of the following directors who did not stand for re-election con”

NATIONAL BANKSHARES INC shareholders approved Advisory (Non-Binding) Vote to Approve Executive Compensation. at the 2023-05-09 meeting.

“ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS On May 9, 2023, National Bankshares, Inc. held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”). A total of 5,889,687 shares of the Company’s common stock were entitled to vote as of March 8, 2023, the record date for the Annual Meeting. There were 4,674,174 shares, or 79.4%, present at the Annual Meeting in person or by proxy which constituted a quorum, and the stockholders voted on five proposals. Proposal No. 1 – Vote on Directors The stockholders elected four Class 3 directors to serve a three-year term expiring at the Company’s 2026 Annual Meeting of Stockholders. The results of the vote were as follows: For Withhold Broker Non-Votes Charles E. Green, III 3,425,707 203,283 1,045,184 Mildred R. Johnson 3,483,683 145,307 1,045,184 William A. Peery 3,441,533 187,457 1,045,184 James C. Thompson 3,446,298 182,692 1,045,184 The terms of office of the following directors who did not stand for re-election con”

NATIONAL BANKSHARES INC shareholders approved Approval of the National Bankshares, Inc. 2023 Stock Incentive Plan. at the 2023-05-09 meeting.

“ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS On May 9, 2023, National Bankshares, Inc. held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”). A total of 5,889,687 shares of the Company’s common stock were entitled to vote as of March 8, 2023, the record date for the Annual Meeting. There were 4,674,174 shares, or 79.4%, present at the Annual Meeting in person or by proxy which constituted a quorum, and the stockholders voted on five proposals. Proposal No. 1 – Vote on Directors The stockholders elected four Class 3 directors to serve a three-year term expiring at the Company’s 2026 Annual Meeting of Stockholders. The results of the vote were as follows: For Withhold Broker Non-Votes Charles E. Green, III 3,425,707 203,283 1,045,184 Mildred R. Johnson 3,483,683 145,307 1,045,184 William A. Peery 3,441,533 187,457 1,045,184 James C. Thompson 3,446,298 182,692 1,045,184 The terms of office of the following directors who did not stand for re-election con”

NATIONAL BANKSHARES INC shareholders approved Election of four Class 3 directors to serve a three-year term expiring at the 2026 Annual Meeting of Stockholders. at the 2023-05-09 meeting.

“ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS On May 9, 2023, National Bankshares, Inc. held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”). A total of 5,889,687 shares of the Company’s common stock were entitled to vote as of March 8, 2023, the record date for the Annual Meeting. There were 4,674,174 shares, or 79.4%, present at the Annual Meeting in person or by proxy which constituted a quorum, and the stockholders voted on five proposals. Proposal No. 1 – Vote on Directors The stockholders elected four Class 3 directors to serve a three-year term expiring at the Company’s 2026 Annual Meeting of Stockholders. The results of the vote were as follows: For Withhold Broker Non-Votes Charles E. Green, III 3,425,707 203,283 1,045,184 Mildred R. Johnson 3,483,683 145,307 1,045,184 William A. Peery 3,441,533 187,457 1,045,184 James C. Thompson 3,446,298 182,692 1,045,184 The terms of office of the following directors who did not stand for re-election con”

NATIONAL BANKSHARES INC reported the first quarter of 2023 results: net income $4.53 million, EPS $0.77 per common share.

“National Bankshares, Inc. (“the Company”) (Nasdaq: NKSH), parent company of The National Bank of Blacksburg (“the Bank”), today announced its results of operations for the first quarter of 2023. The Company reported net income for the quarter of $4.53 million, or $0.77 per common share.”

NATIONAL BANKSHARES INC reported the year and quarter ended December 31, 2022 results: net income $25.93 million, EPS $4.33 per common share.

“The Company reported net income for the year of $25.93 million, or $4.33 per common share, and $9.31 million, or $1.57 per common share, for the fourth quarter.”

NATIONAL BANKSHARES INC: Amended Amended and Restated Bylaws to allow flexible annual meeting date, require non-white proxy cards, permit electronic notice for board meetings, remove two-thirds vote requirement for merger/sale recommendations, and permit electronic notice for bylaw amendment meetings, along with ministerial (effective 2023-01-11).

“On January 11, 2023, the Board of Directors (the “Board”) of National Bankshares, Inc. (the “Company”) approved and adopted amendments to the Company’s Amended and Restated Bylaws, effective as of the same date (as amended and restated, the “Bylaws”).”

David K. Skeens was appointed as Senior Vice President/Senior Operations, Risk and Technology Officer at NATIONAL BANKSHARES INC.

“the appointment of David K. Skeens as the Holding Company and Bank’s Senior Vice President/Senior Operations, Risk and Technology Officer.”

Lora M. Jones was appointed as Senior Vice President/Chief Financial Officer at NATIONAL BANKSHARES INC.

“the appointment of Lora M. Jones as the Holding Company and Bank’s Senior Vice President/Chief Financial Officer.”

Lara E. Ramsey was appointed as Executive Vice President/Chief Operating Officer at NATIONAL BANKSHARES INC.

“the appointment of Lara E. Ramsey as the Holding Company and Bank’s Executive Vice President/Chief Operating Officer.”

Bobby D. Sanders, II was appointed as Senior Vice President/Chief Credit Officer at NATIONAL BANKSHARES INC.

“As of March 16, 2022, the Board of Directors of National Bank of Blacksburg (the “Bank”) approved the appointment of Bobby D. Sanders, II as the Bank’s Senior Vice President/Chief Credit Officer.”

Rebecca M. Melton departed as Senior Vice President, Chief Credit Officer at NATIONAL BANKSHARES INC.

“On November 15, 2021 National Bankshares, Inc. (the “Company”) announced that Rebecca M. Melton, Senior Vice President, Chief Credit Officer of the Company, would be leaving the Company effective December 7, 2021.”