Atlantic Union Bankshares Corp 8-K, filed Jan 19, 2021
Atlantic Union Bankshares Corp (AUB)
About this 8-K
Atlantic Union Bankshares Corp filed this 8-K on January 19, 2021, reporting on events of January 18, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 January 18, 2021, Michael W. Clarke notified the Board of Directors of Atlantic Union Bankshares Corporation (the “Company”) of his resignation from the Boards of Directors of the Company and its subsidiary, Atlantic Union Bank (the “Bank”), effective January 18, 2021, in order to focus his time and attention on other commitments. Mr. Clarke has served as a director of the Company and the Bank since February 2019, having been initially appointed in connection with the Company’s merger with Access National Corporation. His resignation does not relate to any disagreement on matters relating to the Company’s or the Bank’s operations, policies or practices or any other matter. A copy of Mr. Clarke’s letter of resignation is attached hereto as Exhibit 17.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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17.1 |
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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: January 18, 2021 | 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 17.1
Michael W. Clarke
[address]
[phone number]
January 18, 2021
Ron Tillet
Chairman of the Board
John Asbury
Chief Executive Officer
Atlantic Union Bank
1051 East Cary Street
Richmond, VA 23219
Dear Mr. Tillet and Mr. Asbury:
This letter is to inform you that I hereby resign from the Board of Directors of both Atlantic Union Bankshares Corporation and Atlantic Union Bank effective immediately.
I have no disagreement with the board or management of the company.
Relinquishing this formal role with the company affords me more time and flexibility in managing investments outside of AUB.
AUB is in good hands with the current leadership. The strategic direction of the company will best serve our shareholder's long-term interests. I plan to retain a meaningful investment in the company with a long-term outlook.
I value the relationships that have been forged with yourselves, the other directors and management. Please feel free to call on me anytime I can support your continuing success.
Regards,
/s/ Michael W. Clarke
Michael W. Clarke
cc:Tom Snead, Chair of the Nominating and Governance Committee
Rachel Lape, General Counsel