FALSE000070686300007068632025-04-012025-04-01

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): April 1, 2025

(Exact name of registrant as specified in its charter)

UNION BANKSHARES, INC.

(State or other jurisdiction						(Commission			(IRS Employer
of incorporation)						File Number)			Identification Number)
VT						001-15985			03-0283552
(Address of principal executive offices)									(Zip Code)
20 Lower Main St., P.O. Box 667									05661-0667
Morrisville			,			VT

Registrant's telephone number, including area code: (802) 888-6600

(Former name or former address, if changed since last report)

Not applicable

Check the appropriate box below if the Form 8-K 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 materials 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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

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 Arrangement of Certain Officers.

(c) On April 1, 2025, the Board of Directors of Union Bank, a wholly owned subsidiary of Union Bankshares, Inc. (the "Company") appointed Company Vice President, Treasurer and Chief Financial Officer, Karyn J. Hale, age 55, to the newly created position of Chief Operating Officer of Union Bank. Ms. Hale will also continue in her current positions with the Company and as Executive Vice President and Chief Financial Officer of Union Bank. Ms. Hale joined Union Bank in 2005 as a project specialist and moved into the role of Finance Officer in 2008 until she assumed the role as CFO and Treasurer of the Company and Union in 2014. She became a Senior Vice President of Union in 2014 and was promoted to Executive Vice President in 2019.

Also on April 1, 2025, the Board of Directors of Union Bank, appointed Carrie R. Locklin, age 51, to the newly created position of Chief Accounting Officer of Union Bank. Ms. Locklin will also continue in her current position of Senior Vice President - Finance of Union Bank. Ms. Locklin joined Union Bank in 2006 as its Internal Auditor and Loan Reviewer. She was appointed as the Bank's Assistant Vice President - Senior Accountant in 2011, promoted to Vice President and Finance Officer in 2014 and further promoted to Senior Vice President - Finance in 2019.

The above appointments were effective as of April 1, 2025 and are being announced in a press release dated April 7, 2025, a copy of which is filed as Exhibit 99.1 to this report, and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

The following Exhibit, referred to in Item 5.02 of the Report is furnished, not filed; herewith:

Exhibit 99.1    Union Bankshares, Inc. Press Release dated April 7, 2025, announcing the appointment of Karyn J. Hale to Chief Operating Officer of Union Bank and Carrie R. Locklin to Chief Accounting Officer of Union Bank.

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.

			Union Bankshares, Inc.
April 7, 2025			/s/ Karyn J. Hale
			Karyn J. Hale
			Chief Financial Officer

EXHIBIT INDEX

99.1			Union Bankshares, Inc. Press Release dated April 7, 2025, announcing the appointment of Karyn J. Hale to Chief Operating Officer of Union Bank and Carrie R. Locklin to Chief Accounting Officer of Union Bank.
104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

Exhibit 99.1

			For Immediate Release Contact: Jed Nelson, Marketing Officer, Union Bank (802) 888-6600

Union Bank Announces Key Leadership Promotions as

Part of Organizational Realignment

Morrisville, VT April 7, 2025 - Union Bank is pleased to announce key leadership appointments as part of its ongoing organizational realignment to better support its strategic goals and growth.

Karyn Hale Elevated to Chief Operating Officer

			Karyn Hale has been named Chief Operating Officer, in addition to her current role as Chief Financial Officer. This promotion recognizes Ms. Hale’s exemplary performance and expanded responsibilities within Union Bank. Over the past year, the Bank has been realigning its organizational structure, with several departments now reporting to Ms. Hale, including Human Resources and Branch Administration. Ms. Hale joined Union Bank in 2005 as a Project Specialist and quickly advanced through roles including Finance Officer and Chief Financial Officer. She has been instrumental in overseeing accounting, internal controls, treasury, taxation, regulatory reporting, and asset/liability management. Ms. Hale's leadership extends beyond Union Bank, as she actively serves on multiple boards, including Evernorth and the Vermont Economic Development Authority (VEDA).

Carrie Locklin Promoted to Chief Accounting Officer

			In conjunction with this organizational realignment, Union Bank is also pleased to announce the promotion of Carrie Locklin to Chief Accounting Officer. Ms. Locklin, who has been with Union Bank since 2006, will expand her responsibilities within the accounting area, including investment portfolio management and asset/liability strategies. Her expertise in financial accounting, taxation, and internal controls has been integral to the Bank's success and stability. Ms. Locklin began her career at Union Bank as a Loan Reviewer and Internal Auditor, subsequently rising to Senior Accountant and Finance Officer. A resident of St. Johnsbury, VT, her 19-year tenure demonstrates her commitment to excellence and growth within the organization.

Strategic Vision for the Future

These leadership changes are part of Union Bank’s ongoing long-term strategy to optimize its organizational structure as the Bank continues to adapt and align its operations for a dynamic financial landscape. Union Bank remains committed to fostering talent from within while delivering exceptional service to its customers and communities across Vermont and northern New Hampshire.

Union Bank, a wholly owned subsidiary of Union Bankshares, Inc. (UNB, traded on the NASDAQ Exchange), has been helping people buy homes and local businesses create jobs in area communities since 1891. Headquartered in Morrisville, VT, Union Bank is a full-service bank offering deposit, loan, trust, commercial and municipal banking services throughout northern Vermont and New Hampshire. Union Bank has earned a stellar reputation for residential lending programs and is an SBA Preferred Lender. Union Bank has received an “Outstanding” rating for its compliance with the Community Reinvestment Act (CRA). This rating recognizes Union Bank’s excellent record of helping to meet the credit needs of members of the communities in which it operates, particularly in low-and moderate-income neighborhoods. Proud to be one of the few community banks serving Vermont and New Hampshire, Union Bank maintains a strong commitment to traditional banking values. In particular, Union Bank is dedicated to providing personalized customer service and community support, including donations to numerous local nonprofit organizations. These values—combined with financial expertise, quality products and the latest technology—make Union Bank the premier choice for your banking services, both personal and commercial. Union Bank currently maintains 18 banking offices, 3 loan centers and multiple ATMs. Member FDIC. Equal Housing Lender.