SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported): May 1, 2005
UNION BANKSHARES CORPORATION
(Exact name of registrant as specified in its charter)
| Virginia | 0-20293 | 54-1598552 | ||
| (State or other jurisdiction of incorporation or organization) |
(Commission File Number) | (I.R.S. Employer Identification No.) |
212 North Main Street
P.O. Box 446
Bowling Green, Virginia 22427
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (804) 633-5031
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 (see General Instruction A.2. below):
| ¨ | 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)) |
Item 1.01 Amendment to a Material Definitive Agreement
On May 1, 2005, Union Bankshares Corporation amended its Corporate Board Member compensation schedule as follows:
| Type of Fee (per Director) |
Fees prior to amendment |
Amended Fees |
Change | ||||||
| Annual stock retainer |
$ | 15,000 | $ | 20,000 | $ | 5,000 | |||
| Board meeting fee |
600 | 750 | 150 | ||||||
| Committee meeting |
325 | 450 | 125 | ||||||
| Annual stock retainer for Board and Audit chairs |
— | 3,000 | 3,000 | ||||||
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| UNION BANKSHARES CORPORATION | ||||
| Date: May 5, 2005 | By: | /s/ D. Anthony Peay | ||
| D. Anthony Peay | ||||
| Executive Vice President and Chief Financial Officer | ||||
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