8-K
Skyline Bankshares, Inc. (SLBK)
UNITED STATES
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, 2025
SKYLINE BANKSHARES, INC.
(Exact name of registrant as specified in its charter)
| Virginia<br><br> <br>(State or other jurisdiction<br><br> <br>of incorporation) | 333-209052<br><br> <br>(Commission File Number) | 47-5486027<br><br> <br>(I.R.S. Employer<br><br> <br>Identification No.) |
|---|---|---|
| 101 Jacksonville Circle<br><br> <br>Floyd, Virginia<br><br> <br>(Address of principal executive offices) | 24091<br><br> <br>(Zip Code) | |
| --- | --- |
Registrant’s telephone number, including area code: (540) 745-4191
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing 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 material 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)) |
| --- | --- |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading<br><br> <br>Symbol(s) | Name of each exchange<br><br> <br>on which registered |
|---|---|---|
| None |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
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. |
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On May 20, 2025, the Board of Directors of Skyline Bankshares, Inc. (the “Company”) appointed Israel D. O’Quinn to serve as a member of the Asset and Liability Management Committee (“ALCO”) and the Directors Loan Committee – Virginia of the Company’s wholly-owned subsidiary, Skyline National Bank. As previously reported, on February 18, 2025, the Board of Directors of Company appointed Israel O’Quinn as a director of the Company and Skyline National Bank.
| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
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The Company held its annual meeting of shareholders on May 20, 2025 (the “Annual Meeting”). At the Annual Meeting, the shareholders of the Company (i) elected fifteen directors to serve for one-year terms and (ii) ratified the appointment of Elliott Davis, PLLC as the Company’s independent registered public accounting firm for the year ending December 31, 2025. The voting results for each proposal are as follows:
| 1. | To elect fifteen directors to serve for terms of one year each expiring at the 2026 Annual Meeting of Shareholders: | ||
|---|---|---|---|
| For | Withhold | Broker Non-Votes | |
| --- | --- | --- | --- |
| Thomas M. Jackson, Jr. | 3,027,506 | 54,622 | 891,988 |
| W. David McNeill | 3,051,930 | 30,198 | 891,988 |
| Jacky K. Anderson | 2,905,020 | 177,108 | 891,988 |
| Dr. J. Howard Conduff, Jr. | 2,848,975 | 233,153 | 891,988 |
| Blake M. Edwards, Jr. | 3,006,102 | 76,026 | 891,988 |
| Bryan L. Edwards | 3,015,000 | 67,128 | 891,988 |
| T. Mauyer Gallimore | 2,929,609 | 152,519 | 891,988 |
| A. Melissa Gentry | 2,971,780 | 110,348 | 891,988 |
| R. Devereux Jarratt | 2,991,531 | 90,597 | 891,988 |
| Theresa S. Lazo | 2,963,361 | 118,767 | 891,988 |
| Israel D. O’Quinn | 3,027,963 | 54,165 | 891,988 |
| Christopher D. Reece | 2,984,545 | 97,583 | 891,988 |
| Frank A. Stewart | 3,058,627 | 23,501 | 891,988 |
| John Michael Turman | 3,014,720 | 67,408 | 891,988 |
| J. David Vaughan | 3,056,542 | 25,586 | 891,988 |
| 2. | To ratify the appointment of Elliott Davis, PLLC as the Company’s independent registered public accounting firm for the year ending December 31, 2025: | ||
| --- | --- | ||
| For | Against | Abstain | |
| --- | --- | --- | |
| 3,954,604 | 1,479 | 18,033 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SKYLINE BANKSHARES, INC. | ||
|---|---|---|
| (Registrant) | ||
| Date: May 22, 2025 | By: | /s/ Blake M. Edwards |
| Blake M. Edwards | ||
| President and Chief Executive Officer |