New director joins Virginia National Bankshares (VABK) and Virginia National Bank boards
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Virginia National Bankshares Corporation reported a board change. On January 30, 2026, its Board of Directors appointed Robert Lee Burrows, Jr. as a director of the Company, effective February 25, 2026. He was also appointed to the board of its wholly owned subsidiary, Virginia National Bank.
Mr. Burrows will receive compensation in line with other non-employee directors, based on the Company’s proxy statement for the 2025 annual meeting of shareholders. As of this report, he has not been assigned to any board committee. The Company issued a press release about his appointment, filed as Exhibit 99.1.
Positive
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8-K Event Classification
2 items: 5.02, 9.01
2 items
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.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
When does Robert Lee Burrows Jr.’s appointment to VABK’s board become effective?
His appointment becomes effective on February 25, 2026. The Board approved his selection on January 30, 2026, and the effective date provides a clear transition point for his formal start as a director at both the holding company and the bank subsidiary.
How will new director Robert Lee Burrows Jr. be compensated at Virginia National Bankshares (VABK)?
He will be compensated the same as other non-employee directors of Virginia National Bankshares. The compensation framework is described in the Company’s proxy statement filed for the 2025 annual meeting of shareholders, aligning his pay with existing board practices and policies.
Has Robert Lee Burrows Jr. been assigned to any VABK board committees yet?
As of the date of the report, he has not been appointed to any committee of the Board. This means his initial role is as a general director, with any future committee assignments to be determined and disclosed at a later time if made.