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): April 20, 2010

UNION FIRST MARKET BANKSHARES CORPORATION

(Exact name of registrant as specified in its charter)

111 Virginia Street

Suite 200

Richmond, Virginia 23219

(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):

Union First Market Bankshares Corporation (the “Company”) held its annual shareholders’ meeting on April 20, 2010. At the annual meeting, the Company’s shareholders: (i) elected each of the persons listed below under Proposal 1 to serve as a Class II director of the Company for a term that will continue until the 2013 annual meeting of shareholders; (ii) elected Steven A. Markel to serve as a Class III director until the next annual meeting of shareholders; (iii) elected David J. Fairchild to serve as a Class I director until the 2012 annual meeting of shareholders; (iv) ratified the appointment of Yount, Hyde & Barbour, P. C. as the Company’s independent registered public accounting firm for 2010; (v) approved the advisory (non-binding) vote on compensation of the executives disclosed in the Company’s 2010 Proxy Statement; and (vi) did not approve the shareholder proposal to recommend that the Company’s Board of Directors take action to declassify the Board such that all directors stand for election annually.

Our independent inspector of elections reported the vote of the shareholders as follows:

Proposal 1: To elect four directors to serve as Class II directors for three-year terms:

Proposal 2: To elect one director to serve as a Class III director for a one-year term:

Nominee:

Steven A. Markel

Proposal 3: To elect one director to serve as a Class I director for a two-year term:

Nominee:

David J. Fairchild

Proposal 4: To ratify the appointment of Yount, Hyde & Barbour, P. C. as the Company’s independent registered public accounting firm for 2010.

Proposal 5: To approve, in an advisory (non-binding) vote, the compensation of executives disclosed in the Company’s 2010 Proxy Statement.

Proposal 6: To consider a shareholder proposal to recommend that the Company’s Board of Directors take action to declassify the Board such that all directors stand for election annually.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registration has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.