unb-20260520
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): May 20, 2026
(Exact name of registrant as specified in its charter)
UNION BANKSHARES, INC.
| (State or other jurisdiction | (Commission | (IRS Employer | |||||||||
| of incorporation) | File Number) | Identification Number) | |||||||||
| VT | 001-15985 | 03-0283552 | |||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
| 20 Lower Main St., P.O. Box 667 | 05661-0667 | ||||||||||
| Morrisville | , | VT | |||||||||
Registrant's telephone number, including area code: (802) 888-6600
(Former name or former address, if changed since last report)
Not applicable
Check the appropriate box below if the Form 8-K 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 materials 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))
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.
At the Union Bankshares, Inc. annual meeting of shareholders held on May 20, 2026, Director Cornelius J. Van Dyke did not stand for re-election and retired from his position as director and Board Chair of Union Bankshares, Inc. and Union Bank as he had reached the mandatory retirement age under the bylaws.
At the Union Bankshares, Inc. organizational Board meeting held immediately after the annual shareholders meeting on May 20, 2026, Chief Executive Officer David S. Silverman was named Board Chair and Timothy W. Sargent was named Vice Chair and Lead Independent Director of Union Bankshares, Inc. and Union Bank.
Item 5.07: Submission of Matters to a Vote of Security Holders
The Company held its annual meeting of shareholders on May 20, 2026. Of 4,614,050 shares outstanding on the record date of the meeting (March 27, 2026) and entitled to vote, 3,297,195 shares were represented in person or by proxy. The following two matters were voted on by the shareholders and approved at the meeting:
1.To fix the number of directors at ten for the ensuing year and to elect the following individuals as directors to serve a one year term:
| Nominees | Votes For | Votes Against | Votes Withheld | Broker Non-votes | ||||||||||||||||
| Dawn D. Bugbee | 2,391,408 | 64,566 | 11,707 | 829,514 | ||||||||||||||||
| Steven P. Cote | 2,398,242 | 61,347 | 8,092 | 829,514 | ||||||||||||||||
| Walter B. Frame III | 2,399,876 | 60,785 | 7,020 | 829,514 | ||||||||||||||||
| Mary K. Parent | 2,403,279 | 63,081 | 1,321 | 829,514 | ||||||||||||||||
| Nancy C. Putnam | 2,400,009 | 65,856 | 1,816 | 829,514 | ||||||||||||||||
| Gregory D. Sargent | 2,394,809 | 72,070 | 802 | 829,514 | ||||||||||||||||
| Timothy W. Sargent | 2,393,437 | 72,641 | 1,603 | 829,514 | ||||||||||||||||
| David S. Silverman | 2,408,750 | 41,322 | 17,609 | 829,514 | ||||||||||||||||
| Janet P. Spitler | 2,399,557 | 63,180 | 4,944 | 829,514 | ||||||||||||||||
| Jeffrey F. Weidley | 2,419,334 | 33,897 | 14,450 | 829,514 | ||||||||||||||||
2.To ratify the appointment of the firm of BDMP Assurance, LLP as the Company’s external auditors for 2026. The number of votes in favor was sufficient to ratify the appointment.
| Votes For | Votes Against | Abstained | ||||||||||||
| 3,268,522 | 11,454 | 17,219 | ||||||||||||
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.
| Union Bankshares, Inc. | |||||
| May 21, 2026 | /s/ David S. Silverman | ||||
| David S. Silverman | |||||
| Chief Executive Officer | |||||
| May 21, 2026 | /s/ Karyn J. Hale | ||||
| Karyn J. Hale | |||||
| Chief Financial Officer | |||||
EXHIBIT INDEX
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||