FIRST NATIONAL CORP /VA/ (FXNC): Form 8-K filed 2026-11-13
- Accepted by EDGAR
- 2026-11-13 16:00 ET
- Event date
- 2026-11-11
- Accession no.
- 0001437749-26-036861
- Original filing
- SEC EDGAR filing index
AI summary of the filing text. It can contain mistakes; the original filing is authoritative.
First National discloses $2,376,298 supplemental retirement benefit for CEO Scott C. Harvard
First National entered a new supplemental retirement plan with CEO Scott C. Harvard on November 11, 2026, providing an additional one-time benefit of $2,376,298. The benefit is payable after separation from service for any reason other than termination by the Corporation for cause. The parties also amended his employment agreement to reflect the plan and make certain other changes.
- On November 11, 2026, First National and CEO Scott C. Harvard entered a new Supplemental Executive Retirement Plan.
- The plan provides an additional one-time retirement benefit of $2,376,298.
- The benefit is payable in a single lump sum within thirty (30) days after separation from service, except termination for cause.
- Harvard and the Corporation also amended his employment agreement to reflect the new plan and make certain other changes.
executive changematerial agreement
Items reported
- Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
A director or a named officer (such as the CEO or CFO) left or was appointed, or certain executive compensation arrangements were adopted or changed.
Documents
| Type | Description | Document |
|---|---|---|
| 8-K | FORM 8-K | fxnc20261110_8k.htm |
The summary above was generated by AI from the filing text and checked automatically against it. Read the original documents on SEC EDGAR. How to read an 8-K.