Primis Financial director to exit, board shrinks to 10
Primis Financial Corp. (FRST) reported a board change.
Rhea-AI Filing Summary
Primis Financial Corp. (FRST) reported a board change. On August 28, 2026, Dr. Allen R. Jones, Jr. notified the boards of Primis Financial Corp. and Primis Bank of his intention to resign as a director, effective August 31, 2026. The company states that Dr. Jones’ resignation was not the result of any dispute or disagreement regarding its operations, policies, or practices.
Dr. Jones also served on the Enterprise Risk Committee and will resign from that committee. Following his resignation, the size of the company’s Board of Directors will be reduced from eleven to ten directors.
Positive
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Negative
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Effective resignation date: August 31, 2026
Board size before resignation: 11 directors
Board size after resignation: 10 directors
+1 more
4 metrics
Effective resignation date
August 31, 2026
Date Dr. Allen R. Jones, Jr.’s resignation as director becomes effective
Board size before resignation
11 directors
Size of Primis Financial Corp. Board of Directors prior to Dr. Jones’ resignation
Board size after resignation
10 directors
Size of Primis Financial Corp. Board of Directors effective upon Dr. Jones’ resignation
Notification date
August 28, 2026
Date Dr. Jones notified the boards of his intention to resign
Key Terms
Enterprise Risk Committee, Emerging growth company, Section 12(b) of the Act
3 terms
Enterprise Risk Committee financial
"At the time of his resignation, Dr. Jones was a member of the Enterprise Risk Committee"
Emerging growth company regulatory
"405) or Rule 12b-2 of the Securities Exchange Act of 1934 ... Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Section 12(b) of the Act regulatory
"Securities registered pursuant to Section 12(b) of the Act"
FAQ
What board change did Primis Financial Corp. (FRST) announce on August 28, 2026?
Primis Financial Corp. disclosed that director Dr. Allen R. Jones, Jr. notified the boards on August 28, 2026 of his intention to resign as a director of both Primis Financial Corp. and Primis Bank, effective August 31, 2026.
Why is director Dr. Allen R. Jones, Jr. resigning from Primis Financial Corp. (FRST)?
Primis Financial Corp. states that Dr. Jones’ resignation was not the result of any dispute or disagreement with the company or its board on matters relating to operations, policies, or practices.
When does the resignation of Dr. Allen R. Jones, Jr. from FRST become effective?
The resignation of Dr. Allen R. Jones, Jr. from the boards of Primis Financial Corp. and Primis Bank becomes effective on August 31, 2026.
How will the board size of Primis Financial Corp. (FRST) change after the resignation?
Effective upon Dr. Jones’ resignation on August 31, 2026, the size of Primis Financial Corp.’s Board of Directors will be reduced from eleven directors to ten directors.
What committee role did Dr. Allen R. Jones, Jr. hold at Primis Financial Corp. (FRST)?
Dr. Allen R. Jones, Jr. was a member of the Enterprise Risk Committee. Upon his resignation as a director, he will also be resigning from this committee.
Does the 8-K report any disagreement between FRST and Dr. Allen R. Jones, Jr.?
No. Primis Financial Corp. states that Dr. Jones’ resignation was not due to any dispute or disagreement with the company or its Board of Directors regarding operations, policies, or practices.
AI-generated analysis. How Rhea-AI works. Not financial advice.