Virginia National Bankshares (NASDAQ:NKSH) Corporation (NASDAQ:VABK), a financial institution headquartered in Charlottesville, VA, announced the results of its 2024 Annual Meeting of Shareholders held on Thursday. Shareholders voted on a trio of proposals, including the election of directors, executive compensation, and the ratification of the company's independent auditor.
The company reported that all 10 director nominees were elected to serve until the 2025 annual meeting. The elected directors include John B. Adams, Jr., Kevin T. Carter, Hunter E. Craig, William D. Dittmar, Jr., Randolph D. Frostick, Linda M. Houston, Jay B. Keyser, Glenn W. Rust, Sterling T. Strange, III, and Gregory L. Wells. Votes withheld and broker non-votes were also reported for each nominee.
In an advisory vote, the shareholders approved the company's executive compensation as disclosed in the proxy statement. The non-binding nature of the vote reflects shareholders' support for the company's compensation strategy for its executives.
Additionally, the appointment of Yount, Hyde & Barbour, P.C. as the company's independent registered public accounting firm for the year 2024 was ratified. The vote count for this proposal showed a significant majority in favor, with minimal opposition and abstentions.
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