National Bankshares (NKSH) lending chief Paul M. Mylum to exit role

Rhea-AI Filing Summary

National Bankshares, Inc. reported that Executive Vice President and Chief Lending Officer Paul M. Mylum has notified the company of his resignation from both the company and its wholly owned banking subsidiary, The National Bank of Blacksburg. His resignation will be effective May 15, 2026. The company states that Mr. Mylum is leaving to relocate closer to his family and has accepted the role of President of The Bank of Charlotte County in Phenix, Virginia.

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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): March 20, 2026

National Bankshares, Inc.

(Exact name of Registrant as Specified in Its Charter)

Virginia			0-15204	54-1375874
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
101 Hubbard Street
Blacksburg, Virginia				24060
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 540 951-6300

(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, par value $1.25 per share		NKSH		The Nasdaq Stock Market

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 March 16, 2026, Paul M. Mylum, Executive Vice President and Chief Lending Officer of National Bankshares, Inc. (the “Company”) and the Company’s wholly owned banking subsidiary, The National Bank of Blacksburg (the “Bank”), informed the Company that he is resigning from the Company and the Bank effective May 15, 2026. Mr. Mylum is relocating to be closer to his family and has accepted the position of President of The Bank of Charlotte County, headquartered in Phenix, Virginia.

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.

			National Bankshares, Inc.
Date:	March 20, 2026	By:	/s/ Lara E. Ramsey
			Lara E. Ramsey President & CEO

FAQ

What executive leadership change did National Bankshares (NKSH) disclose in this 8-K?

National Bankshares disclosed that Paul M. Mylum, Executive Vice President and Chief Lending Officer, has resigned from the company and its banking subsidiary. His departure is effective May 15, 2026, and reflects a relocation decision rather than an internal disciplinary or performance issue.

When does Paul M. Mylum’s resignation from National Bankshares (NKSH) become effective?

Paul M. Mylum’s resignation becomes effective on May 15, 2026. Until that date, he remains Executive Vice President and Chief Lending Officer of National Bankshares and its subsidiary, The National Bank of Blacksburg, helping provide continuity during the leadership transition period.

What positions did Paul M. Mylum hold at National Bankshares (NKSH) and its subsidiary?

Paul M. Mylum served as Executive Vice President and Chief Lending Officer of National Bankshares, Inc. and held the same role at its wholly owned banking subsidiary, The National Bank of Blacksburg, overseeing lending activities for both the holding company and the bank.

Why is Paul M. Mylum leaving National Bankshares (NKSH)?

Paul M. Mylum is leaving National Bankshares to relocate closer to his family and pursue a new opportunity. He has accepted the position of President of The Bank of Charlotte County, headquartered in Phenix, Virginia, reflecting a career move tied to personal geographic preferences.

What new role will departing National Bankshares executive Paul M. Mylum take?

After resigning from National Bankshares, Paul M. Mylum will become President of The Bank of Charlotte County in Phenix, Virginia. This move shifts his leadership responsibilities from National Bankshares and its subsidiary to a different banking institution within the same state.

Which SEC item does National Bankshares (NKSH) use to report this executive resignation?

National Bankshares reports Paul M. Mylum’s resignation under Item 5.02, covering departures of directors or certain officers and appointments or compensatory arrangements. This item specifically addresses changes in key leadership positions that may be important for shareholders to understand.

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