Union Bankshares Inc. Files Form 8-K with the SEC, Announces Shareholder Votes

Strategic Insights -

The annual meeting of shareholders for Union Bankshares Inc. was held on May 21, 2025, where a number of key matters were voted on and approved. The meeting saw representation from 3,336,050 shares, out of a total of 4,538,598 shares outstanding. The following four matters were voted on and approved by the shareholders.

Key Takeaways:

  • The shareholders approved the election of nine directors, including Joel S. Bourassa, Dawn D. Bugbee, Mary K. Parent, Nancy C. Putnam, Gregory D. Sargent, Timothy W. Sargent, David S. Silverman, Janet P. Spitler, and Cornelius J. Van Dyke.
  • The shareholders approved the compensation paid to the company's named executive officers through an advisory (nonbinding) vote.
  • The shareholders approved a frequency of three years for future advisory Say-On-Pay votes of the shareholders, with 1,611,889 votes in favor, 837,902 votes for two years, and 25,632 votes for one year.
  • The shareholders ratified the appointment of the firm of Berry Dunn McNeil & Parker, LLC as the company's external auditors for 2025.

Statistics:

  • Total number of shares outstanding: 4,538,598
  • Number of shares represented at the annual meeting: 3,336,050
  • Number of directors elected: 9
  • Number of shares voted in favor of compensation: 2,413,198
  • Number of shares voted in favor of Say-On-Pay frequency: 1,611,889
  • Number of shares voted in favor of auditor appointment: 3,296,542

Sources:

  • [1] Form 8-K Current Report filed by Union Bankshares Inc. with the SEC on May 22, 2025.

Note: The exact format and details of the sources were preserved from the original text.