Short answer
Virginia National Bankshares Corp (VABK) filed an 8-K current report with the SEC on May 15, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CFO Cathy W. Liles received a management continuity agreement effective May 11, 2026.
Virginia National Bankshares Corp 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CFO Cathy W. Liles received a management continuity agreement effective May 11, 2026
- Change-in-control protection includes two years’ continued employment with comparable authority, compensation and benefits
- Termination without cause or for good reason triggers severance equal to 2× salary, bonuses and eligible deferrals
- Benefits include up to 18 months’ welfare coverage and two years of 401(k) contributions
- Annual base salary increased to $375,000, subject to annual adjustment
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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