United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 16, 2022, the Board of Directors of Atlantic Union Bankshares Corporation (the “Company”) appointed Rilla Delorier, 55, as a director of the Company, effective immediately. Ms. Delorier will serve as a director until the 2023 annual meeting of shareholders and will stand for election at that meeting. Ms. Delorier has also been appointed to serve on the Risk Committee of the Board of Directors. There are no arrangements or understandings between Ms. Delorier and any other person pursuant to which she was selected as director, and there are no transactions between Ms. Delorier and the Company that would require disclosure under Item 404(a) of Regulation S-K.
Ms. Delorier will be entitled to the standard compensation provided to the Company’s non-employee directors, on a prorated basis for the current year, as such compensation is described in the Company’s proxy statement filed with the Securities and Exchange Commission on March 22, 2022 and as updated from time to time.
Item 7.01 Regulation FD Disclosure.
On June 16, 2022, the Company issued a press release announcing the appointment of Ms. Delorier to the Company’s Board of Directors. A copy of the press release is attached as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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| Description of Exhibit |
99.1 |
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104 | Cover Page Interactive Data File – the cover page iXBRL tags are embedded within the Inline XBRL document |
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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.
| ATLANTIC UNION BANKSHARES CORPORATION | ||
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Date: June 16, 2022 | By: | /s/ Robert M. Gorman |
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| Robert M. Gorman |
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| Executive Vice President and |
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| Chief Financial Officer |
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Exhibit 99.1
Atlantic Union Bankshares Corporation Appoints Rilla Delorier to Board of Directors
Richmond, Va., June 16, 2022 – Atlantic Union Bankshares Corporation today announced that Rilla Delorier has been appointed to its Board of Directors, effective immediately.
“We are excited to welcome Rilla as the newest member of our Board,” said Ronald L. Tillett, Chairman of the Company’s Board of Directors. “Rilla has an extensive background in multiple banking disciplines, including marketing, technology, and strategic planning. She excels in bringing innovation to companies and building a strong customer-centric culture. Her skills will be a great addition to our Board as we continue to transform Atlantic Union Bankshares into the premier mid-Atlantic regional bank.”
Delorier, 55, is currently on the boards of NYMBUS and Coastal Community Bank, based in Everett, Washington. Most recently, she was Chief Strategy and Digital Transformation Officer at Umpqua Bank. Prior to her role at Umpqua, she held roles of increasing responsibility at SunTrust Bank, including leading SunTrust’s Retail Banking Channels and serving as Chief Marketing Officer. Prior to SunTrust, Delorier worked at PNC Bank and Bain & Company consulting.
Delorier has been named one of the top 25 most powerful women in banking by American Banker magazine for multiple years. She also serves on the board of Central City Concern and the investment committee for the Oregon Venture Fund. Delorier received her Bachelor of Science in Marketing and Management from the University of Virginia and has an MBA from the Harvard Business School.
About Atlantic Union Bankshares Corporation
Headquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (Nasdaq: AUB) is the holding company for Atlantic Union Bank. Atlantic Union Bank has 114 branches and approximately 130 ATMs located throughout Virginia, and in portions of Maryland and North Carolina. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; Dixon, Hubard, Feinour & Brown, Inc., which provides investment advisory services; Atlantic Union Financial Consultants, LLC, which provides brokerage services; and Union Insurance Group, LLC, which offers various lines of insurance products.
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Contact:
Bill Cimino, Senior Vice President and Director of Investor Relations 804.448.0937