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Section 1: 8-K (BODY OF FORM 8-K)

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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 22, 2020
(Exact name of registrant as specified in its charter)
UNION BANKSHARES, INC.
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification Number)
Vermont
001-15985
03-0283552
 
 
 
(Address of principal executive offices)
(Zip Code)
20 Main St., P.O. Box 667
05661-0667
Morrisville, VT
 

Registrant's telephone number, including area code: (802) 888-6600

(Former name or former address, if changed since last report)
Not applicable

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

c    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

c    Soliciting materials pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

c    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

c    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
At the Union Bankshares, Inc. annual meeting of shareholders held on May 22, 2020, Director Schuyler W. Sweet retired from his position as director of Union Bankshares, Inc. and Union Bank as he had reached the mandatory retirement age.

Item 5.07: Submission of Matters to a Vote of Security Holders
The Company held its annual meeting of shareholders on May 22, 2020. Of 4,473,200 shares outstanding on the record date of the meeting (March 27, 2020) and entitled to vote, 3,694,791 shares were represented in person or by proxy. The following two matters were voted on by the shareholders and approved at the meeting:
1.
To fix the number of directors at nine for the ensuing year and to elect the following individuals as directors to serve a one year term:
Nominees
Votes
For
Votes
Withheld
Broker
Non-votes
 
Joel S. Bourassa
2,782,840

37,639

874,312


Steven J. Bourgeois
2,779,477

41,002

874,312


Dawn D. Bugbee
2,779,006

41,473

874,312


John M. Goodrich
2,778,856

41,623

874,312


Nancy C. Putnam
2,780,308

40,171

874,312


Timothy W. Sargent
2,778,902

41,577

874,312


David S. Silverman
2,633,444

187,035

874,312


John H. Steel
2,775,536

44,943

874,312


Cornelius J. Van Dyke
2,770,860

49,619

874,312



2.
To ratify the appointment of the firm of Berry Dunn McNeil & Parker, LLC as the Company’s external auditors for 2020. The number of votes in favor was sufficient to ratify the appointment.
 
Votes
For
Votes
Against
Abstained
 
 
3,653,733

16,742

24,316




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.
 
Union Bankshares, Inc.
 
 
May 26, 2020
/s/ David S. Silverman
 
David S. Silverman
 
President and Chief Executive Officer
 
 
May 26, 2020
/s/ Karyn J. Hale
 
Karyn J. Hale
 
Chief Financial Officer


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