United Bankshares, Inc. Announces Election Results from 2021 Annual Meeting of Shareholders

At its virtual Annual Meeting of Shareholders on May 12, 2021, United Bankshares, Inc. reported on the election results for three key matters outlined in the Company's proxy statement. Shareholders elected 13 directors to serve for a one-year term, ratified the selection of Ernst & Young LLP as the independent registered public accounting firm, and approved the compensation of named executive officers on an advisory basis. The voting results highlight significant support for the Company's leadership and financial practices.

Key Takeaways:

• 13 directors were elected to serve for a one-year term, with all nominees receiving a majority of the votes cast.
• Ernst & Young LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2021, with 93.5% of votes cast in favor.
• The compensation of United's named executive officers was approved on an advisory basis, with 93.2% of votes cast in favor.
• Notable voting results included:

+ Richard M. Adams, who received 90.3% of votes in favor of election to the board.

+ Dr. Patrice A. Harris, with 92.1% of votes in favor of election to the board.

+ Proposal 3, which approved the compensation of named executive officers, saw a significant turnout with 93.2% of votes in favor.

Statistics:

• 90,268,115 votes were cast in favor of Richard M. Adams for election to the board.
• 94,588,677 votes were cast in favor of Dr. Patrice A. Harris for election to the board.
• 111,447,422 votes were cast in favor of ratifying the selection of Ernst & Young LLP as the independent registered public accounting firm.
• 91.393,759 votes were cast in favor of approving the compensation of named executive officers on an advisory basis.

Sources:

• UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT (May 17, 2021)