# EDGAR Filing Document

**Accession Number:** 0001572334
**File Stem:** 0001193125-25-287068
**Filing Date:** 2025-11
**Character Count:** 11214
**Document Hash:** d6c07e14440563ab1b77ee6f73923efd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-287068.hdr.sgml**: 20251119

**ACCESSION NUMBER**: 0001193125-25-287068

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20251119

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251119

**DATE AS OF CHANGE**: 20251119

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Virginia National Bankshares Corp
- **CENTRAL INDEX KEY:** 0001572334
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40305
- **FILM NUMBER:** 251496702

**BUSINESS ADDRESS:**
- **STREET 1:** 404 PEOPLE PLACE
- **CITY:** CHARLOTTESVILLE
- **STATE:** VA
- **ZIP:** 22911
- **BUSINESS PHONE:** 434-817-7676

**MAIL ADDRESS:**
- **STREET 1:** 404 PEOPLE PLACE
- **CITY:** CHARLOTTESVILLE
- **STATE:** VA
- **ZIP:** 22911

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549**

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## FORM 8-K

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported):** November 19, 2025<br>

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VIRGINIA NATIONAL BANKSHARES CORPORATION

**(Exact name of Registrant as Specified in Its Charter)**

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| | | |
|:---|:---|:---|
| Virginia | 001-40305 | 46-2331578 |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| 404 People Place |  |  |
| Charlottesville**,** Virginia |  | 22911 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

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**Registrant's Telephone Number, Including Area Code:** (434) 817-8621<br>

**(Former Name or Former Address, if Changed Since Last Report)**

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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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| | | |
|:---|:---|:---|
| **<br>Title of each class** | **Trading<br>Symbol(s)** | **<br>Name of each exchange on which registered** |
| Common Stock | VABK | 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).

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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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 19, 2025, Virginia National Bankshares Corporation (the "Company") announced that Tara Y. Harrison will transition from Executive Vice President and Chief Financial Officer of the Company and Virginia National Bank (the "Bank") to Senior Advisor, effective November 21, 2025. The Company also announced that Cathy W. Liles will become Executive Vice President and Chief Financial Officer of the Company and the Bank, effective November 21, 2025.

Ms. Harrison will serve as Senior Advisor indefinitely until retirement and will work closely with Ms. Liles and other members of senior management of the Company and the Bank to ensure an orderly transition. Ms. Harrison requested the transition due to personal reasons and her move to a new role was not the result of any disagreement with the Company or the Bank on any matter relating to the Company's or the Bank's operations, policies, practices, financial disclosures, accounting practices or internal controls.

Ms. Liles, 60, is a certified public accountant and an executive with extensive bank industry experience. From November 2024 to September 2025, she served as Chief Financial Officer and Senior Vice President/Finance of Old Point Financial Corporation and Old Point National Bank, and was Chief Accounting Officer and Senior Vice President of those companies from May 2024 to November 2024. Ms. Liles served as Senior Vice President and Chief Accounting Officer of American National Bankshares Inc. and American National Bank & Trust Company from 2016 to May 2024. She was Chief Financial Officer for Carter Bank & Trust from 2013 to 2015, and prior to that Ms. Liles was a partner in the accounting firm Forvis Mazars, LLP (previously named Dixon Hughes Goodman), where she spent 13 years in the financial services practice.

Ms. Liles will receive an annual base salary of $275,000, subject to annual adjustment, and will participate in the Company's short- and long-term incentive plans. Information about the Company's short- and long-term incentive plans is set forth in the Company's proxy statement for its 2025 annual meeting of shareholders. In connection with joining the Company, Ms. Liles was granted a stock option to purchase 2,000 shares of the Company's common stock, which stock option vests in equal parts over four years. Ms. Liles will also be eligible to participate in the Bank's employee benefit plans and programs on terms offered to similarly situated employees.

There are no transactions between Ms. Liles or any member of her immediate family and the Company or the Bank that would be reportable as a related party transaction under the rules of the Securities and Exchange Commission. In addition, there are no family relationships between Ms. Liles and any current director or executive officer of the Company.

A copy of the Company's press release dated November 19, 2025 with respect to the above announcements is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

## Item 9.01 Financial Statements and Exhibits.
(d) *Exhibits.*

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>Exhibit No.</u>** | &nbsp;&nbsp;**<u>Description of Exhibit</u>** |
| &nbsp;&nbsp;[<u>99.1</u>](vabk-ex99_1.htm) | &nbsp;&nbsp;[<u>Press Release, dated November 19, 2025</u>](vabk-ex99_1.htm). |
| &nbsp;&nbsp;104 | &nbsp;&nbsp;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, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
|  |  |  | **VIRGINIA NATIONAL BANKSHARES CORPORATION** |
| Date: | November 19, 2025 | By:  | /s/ Glenn W. Rust |
|  |  |  | Glenn W. Rust<br>President and Chief Executive Officer |

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## Exhibit 99.1

Exhibit 99.1

![img2203825_0.jpg](img2203825_0.jpg)

FOR IMMEDIATE RELEASE INVESTOR RELATIONS CONTACT: <br> Tara Y. Harrison (434) 817-8587

**VIRGINIA NATIONAL BANKSHARES CORPORATION** 

**ANNOUNCES PLANNED LEADERSHIP TRANSITION**

Charlottesville, VA – November 19, 2025 - Virginia National Bankshares Corporation (NASDAQ: VABK) (the "Company") today announced the planned retirement of Chief Financial Officer, Tara Y. Harrison, and the hiring of Cathy W. Liles to seamlessly transition into this executive level position. Ms. Liles will become Chief Financial Officer effective November 21, 2025, and Ms. Harrison will serve as Senior Advisor indefinitely until retirement and work closely with Ms. Liles and other members of senior management of the Company to ensure an orderly transition.

***President and Chief Executive Officer's comments***: "It's always tough to lose a critical member of your team, but I truly understand Tara's decision," stated Glenn W. Rust, President and Chief Executive Officer. "Tara served the bank well for many years, which during that time included a merger, several industry sector crises, Covid, and a ton of new bank regulations and laws. Through all these challenges, the bank grew from $800 million to $1.6 billion in assets and became one of the more profitable community banks in Virginia. I expect this transition to smoothly progress because of the professionalism of both Tara and Cathy, their previous association, and both individuals' desire to assist one another in the transition period."

"It has been a privilege to serve as CFO of this great Company and Bank," said Ms. Harrison. "I look forward to working with Cathy during this transition. Cathy and I have served together on the CFO Committee of the Virginia Bankers Association for many years and I am confident that she has the skills and experience to succeed in this role." Ms. Harrison, who recently became a grandmother, plans to spend more time with family and friends and serve her church and other volunteer organizations.

Ms. Liles brings many years of industry experience to Virginia National Bankshares Corporation and Virginia National Bank. She has served as the primary financial and accounting leader of similar sized organizations and has a strong audit, accounting and financial background. Ms. Liles commented, "I am excited to begin this new chapter as Chief Financial Officer of Virginia National Bankshares. It is an honor to join an exceptional leadership team that shares my passion for community banking. Together, we will continue building on the Company's strong foundation to deliver lasting value for our shareholders, clients and communities."

**About Virginia National Bankshares Corporation**

Virginia National Bankshares Corporation, headquartered in Charlottesville, Virginia, is the bank holding company for Virginia National Bank. The Bank has seven banking offices throughout Fauquier and Prince William counties, four banking offices in Charlottesville and Albemarle County (including one limited-service banking facility), and banking offices in Winchester and Richmond, Virginia. The Bank offers a full range of banking and related financial services to meet the needs of individuals, businesses and charitable organizations, including the fiduciary services of VNB Trust and Estate Services. The Company's common stock trades on the Nasdaq Capital Market under the symbol "VABK." Additional information on the Company is also available at www.vnbcorp.com.

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