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[8-K] FIRST COMMUNITY BANKSHARES INC /VA/ Reports Material Event

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(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

First Community Bankshares, Inc. reported results of its annual shareholders’ meeting held on April 28, 2026. As of the February 27, 2026 record date, there were 19,075,028 issued and outstanding shares of common stock, and 64.89% of the shares entitled to vote were represented in person or by proxy.

Shareholders elected Gary R. Mills (9,514,305 votes for, 236,148 withheld) and M. Adam Sarver (7,902,368 for, 1,848,085 withheld) as directors to serve until the 2029 annual meeting. They approved, on a non-binding advisory basis, the Company’s executive compensation with 9,446,382 votes for, 247,931 against, and 56,140 abstentions.

On the non-binding advisory vote regarding the frequency of future say-on-pay votes, 8,612,739 votes favored holding the advisory vote every 1 year, compared with 10,080 for 2 years and 970,211 for 3 years. Shareholders also ratified the appointment of Crowe LLP as the independent registered public accounting firm for 2026, with 11,887,671 votes for, 468,263 against, and 22,112 abstentions.

Positive

  • None.

Negative

  • None.
Item 5.07 Submission of Matters to a Vote of Security Holders Governance
Results of a shareholder vote on proposals at an annual or special meeting.
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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): April 28, 2026
 
 
 
FIRST COMMUNITY BANKSHARES, INC.
 
(Exact name of registrant as specified in its charter)
 
Virginia
 
000-19297
 
55-0694814
(State or other jurisdiction
 
(Commission
 
(IRS Employer
of incorporation)
 
File Number)
 
Identification No.)
 
P.O. Box 989
Bluefield, Virginia
 
24605-0989
(Address of principal executive offices)
 
(Zip Code)
 
 
Registrant’s telephone number, including area code: (276) 326-9000
 
 
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 ($1.00 par value)
 
FCBC
 
NASDAQ Global Select
 
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 5.07 Submission of Matters to a Vote of Security Holders.
 
On April 28, 2026, First Community Bankshares, Inc. (the “Company”) held its annual shareholders’ meeting. As of February 27, 2026, the record date, there were 19,075,028 issued and outstanding shares of Common Stock. A total of 12,220,051 shares of common stock were voted by proxy, and 157,996 shares of common stock were voted in person, representing 64.89% of the shares entitled to be voted. At the meeting, the Company’s shareholders: (i) elected the persons listed below under Proposal 1 to serve as directors of the Company for a term that will continue until the 2029 annual meeting of shareholders; (ii) approved under Proposal 2, the non-binding, advisory vote on executive compensation; (iii) recommended under Proposal 3, the non-binding, advisory basis, the frequency of future shareholder advisory votes on the Corporation’s executive compensation program; (iv) under Proposal 4, to ratify the appointment of Crowe LLP as the Company’s independent registered public accounting firm for 2026.
 
The following tables summarize voting results by the Company’s shareholders.
 
Proposal 1: To elect two (2) directors to serve as members of the Board of Directors Class of 2029.
 
Nominee
 
Votes
For
   
Votes
Withheld
   
Abstentions
   
Broker
Non-Votes
 
                                 
Gary R. Mills
   
9,514,305
     
236,148
     
-
     
2,627,593
 
M. Adam Sarver
   
7,902,368
     
1,848,085
     
-
      2,627,593  
 
Proposal 2: Non-binding, advisory vote on executive compensation.
 
Votes
For
   
Votes
Against
   
Abstentions
   
Broker
Non-Votes
 
                           
9,446,382
     
247,931
     
56,140
     
2,627,593
 
 
Proposal 3:Non-binding, advisory basis, the frequency of future shareholder advisory votes on the Corporations executive compensation program.
 
1 Year
   
2 Years
   
3 Years
   
Abstentions
 
                           
8,612,739
     
10,080
     
970,211
     
157,423
 
 
Proposal 4: To ratify the appointment of Crowe LLP as the Companys independent registered public accounting firm.
 
Votes
For
   
Votes
Against
   
Abstentions
   
Broker
Non-Votes
 
                           
11,887,671
     
468,263
     
22,112
         
 
 

 
 
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.
 
 
 
FIRST COMMUNITY BANKSHARES, INC.
     
Date:
April 29, 2026
 
By:
/s/ David D. Brown
   
David D. Brown
   
Chief Financial Officer
 
 

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