# EDGAR Filing Document

**Accession Number:** 0000719402
**File Stem:** 0001437749-26-016908
**Filing Date:** 2026-5
**Character Count:** 11063
**Document Hash:** 239678fecd46cb60eb6f6bb6e0863553
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-26-016908.hdr.sgml**: 20260514

**ACCESSION NUMBER**: 0001437749-26-016908

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260513

**ITEM INFORMATION**: Submission of Matters to a Vote of Security Holders

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260514

**DATE AS OF CHANGE**: 20260514

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST NATIONAL CORP /VA/
- **CENTRAL INDEX KEY:** 0000719402
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 541232965
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38874
- **FILM NUMBER:** 26976306

**BUSINESS ADDRESS:**
- **STREET 1:** 112 WEST KING STREET
- **CITY:** STRASBURG
- **STATE:** VA
- **ZIP:** 22657
- **BUSINESS PHONE:** 5404659121

**MAIL ADDRESS:**
- **STREET 1:** 112 WEST KING STREET
- **CITY:** STRASBURG
- **STATE:** VA
- **ZIP:** 22657

?xml version='1.0' encoding='ASCII'? fxnc20260511c_8k.htm

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**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 13, 2026**

___________

**FIRST NATIONAL CORPORATION**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Virginia**<br> (State or other jurisdiction of incorporation) | **1-38874**<br> (Commission File Number) | **54-1232965**<br> (IRS Employer Identification No.) |

---

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| | |
|:---|:---|
| **112 West King Street**<br> **Strasburg, Virginia**<br> (Address of principal executive offices) | <br> **22657**<br> (Zip Code) |

---

**(540) 465-9121**

**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:

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| | | |
|:---|:---|:---|
| <u>Title of each class</u> | <u>Trading Symbol(s)</u> | <u>Name of each exchange on which registered</u> |
| Common Stock, par value $1.25 per share | FXNC | The Nasdaq Stock Market LLC |

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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).

&nbsp;&nbsp;&nbsp;&nbsp; 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. ☐

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| | |
|:---|:---|
| **Item 5.07** | **Submission of Matters to a Vote of Security Holders.** |

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An Annual Meeting of Shareholders of First National Corporation (the "Company") was held on May 13, 2026, for the purpose of considering and acting upon the following matters:

(1) The election of twelve directors to serve for a term of one year; and

(2) The ratification of the appointment of Yount, Hyde & Barbour, P.C. as the Company's independent registered public accounting firm for the year ending December 31, 2026.

The final voting results for each proposal, including the votes for and against, and any withheld, abstained, or broker non-votes, are described below.

**Proposal 1 - Election of Directors**

The Company's shareholders elected all twelve nominees for director. For each nominee, the votes cast for and against, as well as withheld and broker non-votes, were as follows:

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| | | | |
|:---|:---|:---|:---|
| **Director Nominee** | **For** | **Withheld** | **Broker Non-Votes** |
| Jason C. Aikens | 5576274 | 152235 | 1073246 |
| Emily Marlow Beck | 5556759 | 171750 | 1073246 |
| Boyce E. Brannock | 5579486 | 149023 | 1073246 |
| W. Michael Funk | 5569066 | 159443 | 1073246 |
| Scott C. Harvard | 5530679 | 197830 | 1073246 |
| George Edwin Holt, III | 5584248 | 144261 | 1073246 |
| Toni T. Lee-Andrews | 5553067 | 175442 | 1073246 |
| Kirtesh Patel | 5576259 | 152250 | 1073246 |
| Gerald F. Smith, Jr. | 5549411 | 179098 | 1073246 |
| Norman D. Wagstaff, Jr. | 5552777 | 175732 | 1073246 |
| James R. Wilkins, III | 5559781 | 168728 | 1073246 |
| William S. Wilkinson | 5564284 | 164225 | 1073246 |

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**Proposal 2 - Ratification of Appointment of Independent Registered Public Accounting Firm**

The Company's shareholders approved the ratification of the Audit Committee's selection of Yount, Hyde & Barbour, P.C. as the Company's independent registered public accounting firm for the year ending December 31, 2026. The votes cast for and against this proposal, as well as the votes abstained, were as follows:

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| | | |
|:---|:---|:---|
| **For** | **Against** | **Abstain** |
| 6,773,790 | 26,530 | 1435 |

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| | |
|:---|:---|
| **Item 8.01** | **Other Events.** |

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**Dividend Declaration**

On May 13, 2026, the Board of Directors of the Company declared a quarterly cash dividend of $0.17 per common share, which is payable on June 12, 2026, to shareholders of record as of May 29, 2026.

**Election of New Chair and Vice Chair of the Board** 

On May 13, 2026, Board of Directors of the Company elected Gerald F. Smith, Jr. as Chair of the Board of Directors and James R. Wilkins, III as Vice Chair immediately following the Company's Annual Meeting of Shareholders. The elections follow the retirement of Elizabeth Cottrell, who concluded a distinguished tenure of service as Chairperson of the Board.

The election was announced on May 14, 2026, and a copy of the press release is being furnished as an exhibit to this report and is incorporated by reference into this Item 8.01.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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(d) Exhibits.

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| | |
|:---|:---|
| **<u>Exhibit No.</u>** | **<u>Description</u>** |
| 99.1 | [Press Release dated May 14, 2026](ex_962753.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**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.

---

| | | |
|:---|:---|:---|
|  | **FIRST NATIONAL CORPORATION** | **FIRST NATIONAL CORPORATION** |
|  | (Registrant) | (Registrant) |
| Date: May 14, 2026 | By: | /s/ Brad E. Schwartz |
|  |  | Brad E. Schwartz |
|  |  | Executive Vice President and Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![fnclogo.jpg](fnclogo.jpg)

## First National Corporation Announces Election of

## New Chair and Vice Chair of the Board
**Strasburg, Virginia, May 14, 2026 (GLOBE NEWSWIRE)** – First National Corporation (the "Company" or "First National") (NASDAQ: FXNC), the bank holding company of First Bank (the "Bank") announced that shareholders elected Gerald F. Smith, Jr. as Chair of the Board of Directors and James R. Wilkins, III as Vice Chair during the Company's Annual Meeting of Shareholders held on May 13, 2026.

The elections follow the retirement of Elizabeth Cottrell, who concluded a distinguished tenure of service as Chair of the Board. Ms. Cottrell served the Company and its shareholders with dedication and vision, helping guide the organization through significant growth and strategic advancement. She has been a member of the Board since 1992 and has served as the Board's first female chair since 2016.

"On behalf of our Board of Directors, leadership team, and employees, I want to express our sincere gratitude to Elizabeth Cottrell for her outstanding leadership and steadfast commitment to our Company. Under her leadership the bank more than doubled in assets, expanded across the Commonwealth via two bank acquisitions, achieved record earnings, listed on the NASDAQ, was included in the Russell 2000 Index, and saw its market value more than triple," said Scott C. Harvard, President and Chief Executive Officer. "We are pleased to congratulate Gerald R. (JJ) Smith, Jr. as Chair and James R. (Richie) Willkins, III as Vice Chair. Their experience, leadership, and deep understanding of our mission and values will help ensure continuity as we continue to build long-term value for our shareholders, customers, employees, and the communities we serve."

Mr. Smith has served on the Board since 2007 and currently serves as Vice Chair of the Board and as Chair of the Compensation and Governance Committee. He also served as the designated financial expert on the Audit Committee. He brings extensive experience in industry, having served as Chairman, Chief Executive Officer, and President of Valley Proteins, Inc. up until its sale, along with a strong commitment to the Company's strategic priorities and community banking philosophy.

Mr. Wilkins has served on the Board since 2001 and has held leadership roles including Chair of the Board Loan Committee and more recently Chair of the Enterprise Risk Committee. He will support the Board and executive leadership team in advancing the Company's long-term objectives.

The leadership transition is part of the Board's ongoing succession planning process and reflects the Company's commitment to strong governance and thoughtful leadership development.

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First National Corporation (NASDAQ: FXNC) is the parent company and bank holding company of First Bank, a community bank that first opened for business in 1907 in Strasburg, Virginia. The Bank offers loan and deposit products and services through its consumer and business mobile banking platforms, a network of ATMs located throughout its market area, a loan production office, a customer service center in a retirement community, and thirty-three banking office locations located throughout the Shenandoah Valley, the Roanoke Valley, the Richmond MSA, the south-central regions of Virginia, and in northern North Carolina. In addition to providing traditional banking services, the Bank operates a trust and wealth management division under the name First Bank Wealth Management. First Bank also owns First Bank Financial Services, Inc., which has an interest in a title insurance company.