Eagle Financial (NASDAQ: EFSI) names two new directors as veteran member retires

Rhea-AI Filing Summary

Eagle Financial Services, Inc. announced changes to its board of directors. The board appointed Brian T. Strosser and Susan D. Davies as new directors of the company and its subsidiary, Bank of Clarke, effective February 25, 2026. Strosser brings more than 30 years of senior executive leadership in technology and public‑sector contracting, including experience overseeing strategy, growth, and mergers and acquisitions. Davies is a Certified Public Accountant and currently serves as Global Controller and Chief Accounting Officer of Alight, Inc., with responsibility for global controllership, regulatory reporting, Sarbanes‑Oxley compliance, and complex capital markets transactions.

The company has not yet determined which board committees they will join, but each will receive the same compensation as other non‑employee directors, including board retainers, committee fees, and annual stock grants. On January 21, 2026, long‑time director Robert W. Smalley, Jr. notified the board of his intention to retire from the boards of the company and the bank, effective at the company’s 2026 annual meeting of shareholders, after more than 35 years of service in multiple leadership and committee roles.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 21, 2026

EAGLE FINANCIAL SERVICES, INC.

(Exact name of Registrant as Specified in Its Charter)

Virginia			001-42512	54-1601306
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
2 East Main Street
Berryville, Virginia				22611
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (540) 955-2510

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common stock, $2.50 par value per share		EFSI		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 21, 2026, the Board of Directors of Eagle Financial Services, Inc. (the “Company”) appointed Brian T. Strosser and Susan D. Davies as new directors of the Company and its subsidiary bank, Bank of Clarke (the “Bank”), effective February 25, 2026.

Mr. Strosser, age 56, brings deep expertise in strategic governance, risk management, and regulated industry oversight from more than 30 years of senior executive leadership experience across the technology and public‑sector contracting markets. He has served as President, Chief Executive Officer, and board member of multiple technology and solutions companies, overseeing corporate strategy, growth initiatives, mergers and acquisitions, and large‑scale operations. He most recently served as President and board member of ClearShark, leading its expansion and its acquisition by Optiv Security.

Ms. Davies, age 57, is a Certified Public Accountant (Maryland) and currently serves as Global Controller and Chief Accounting Officer of Alight, Inc., a publicly-traded provider of cloud‑based digital human capital and business solutions, a position she has held since May 2021. In this role, she is responsible for the global controllership and external and regulatory reporting functions, Sarbanes‑Oxley Act compliance, and accounting and reporting for significant capital markets and merger and acquisition transactions, including Alight’s 2021 IPO/SPAC transaction. Prior to joining Alight, Ms. Davies served in senior accounting, controllership, and internal audit leadership roles at Willis Towers Watson, and earlier in her career, at PricewaterhouseCoopers.

The Company has not determined the committee(s) to which Mr. Strosser or Ms. Davies will be named. They will each be entitled to the same compensation as the other non-employee directors, including retainers for board service, fees for committee meetings attended and annual stock grants.

Also on January 21, 2026, Robert W. Smalley, Jr. notified the Company's Board of Directors that he intends to retire from the Board of Directors of the Company and the Bank, effective at the Company’s 2026 annual meeting of shareholders. Mr. Smalley has been a stalwart supporter of the Bank for over 35 years and has done much to make the Bank the organization it is today with his service as former Vice Chair, Chair of Compensation Committee as well as his membership over the years as a member of Directors Loan Committee, Audit, and Trust.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Eagle Financial Services, Inc.
Date:	January 27, 2026	By:	/s/ KATHLEEN J. CHAPPELL
			Kathleen J. Chappell Executive Vice President and CFO

FAQ

What board changes did Eagle Financial Services (EFSI) disclose?

Eagle Financial Services, Inc. reported that its board appointed Brian T. Strosser and Susan D. Davies as new directors of the company and its subsidiary, Bank of Clarke, effective February 25, 2026, and that long‑time director Robert W. Smalley, Jr. plans to retire at the 2026 annual meeting.

Who is Brian T. Strosser, the new director at Eagle Financial Services (EFSI)?

Brian T. Strosser, age 56, has more than 30 years of senior executive leadership across technology and public‑sector contracting markets. He has served as President, CEO, and board member of multiple technology and solutions companies, overseeing strategy, growth initiatives, mergers and acquisitions, and large‑scale operations, and most recently was President and a board member of ClearShark.

Who is Susan D. Davies, newly appointed to Eagle Financial Services' board?

Susan D. Davies, age 57, is a Certified Public Accountant (Maryland) and serves as Global Controller and Chief Accounting Officer of Alight, Inc., a publicly traded provider of cloud‑based human capital and business solutions. She oversees global controllership, external and regulatory reporting, Sarbanes‑Oxley compliance, and accounting for significant capital markets and merger and acquisition transactions, including Alight’s 2021 IPO/SPAC transaction.

When will the new Eagle Financial Services (EFSI) directors begin their service?

Brian T. Strosser and Susan D. Davies are scheduled to begin serving as directors of Eagle Financial Services, Inc. and Bank of Clarke effective February 25, 2026.

Has Eagle Financial Services decided board committee assignments for the new directors?

The company stated that it has not yet determined the committee or committees to which Brian T. Strosser or Susan D. Davies will be named.

How will the new Eagle Financial Services (EFSI) directors be compensated?

Brian T. Strosser and Susan D. Davies will each receive the same compensation as other non‑employee directors, including retainers for board service, fees for committee meetings attended, and annual stock grants.

Which Eagle Financial Services director plans to retire and when?

Robert W. Smalley, Jr. notified the board on January 21, 2026 that he intends to retire from the boards of Eagle Financial Services, Inc. and Bank of Clarke, effective at the company’s 2026 annual meeting of shareholders, after more than 35 years of service in various leadership and committee roles.