Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On January 26, 2022, the Board of Directors of Eagle Financial Services, Inc.
(the "Company") appointed Tanya Matthews and Edward Hill as new directors of the
Company and its subsidiary bank, Bank of Clarke County (the "Bank"), effective
January 26, 2022.
Ms. Matthews, age 65, is the Co-Founder, President and Chairman of the Board
of the Matthews Group, Inc. t/a TMG Construction Corporation (TMG). TMG is a
leading design/builder and general contractor serving institutional,
governmental, and military clients. Woman/Native American owned and
MBE-certified, TMG specializes in new construction, renovations and additions,
and facilities maintenance support under Lump Sum, Indefinite
Delivery/Indefinite Quantity (IDIQ) Task Order and Job Order contracts.
Dr. Hill, age 57, is a physician executive, entrepreneur, investor, innovator
and medical jurisprudence
professional with cross-discipline education, training and experience and a
cross-functional skill-set. He is the founding member of several corporations
and companies in the northern Virginia area.
Ms. Matthews has been named to the compensation committee and Dr. Hill has been
named to the risk committee of the Board of Directors. As of the effective date
of their appointment, Ms. Matthews and Mr. Hill will be entitled to the same
compensation as the other directors, including board meeting and committee fees
for each meeting attended and annual stock grants, as described in the Company's
Proxy Statement filed in connection with the 2021 Annual Meeting of
Shareholders.
Item 8.01 Other Events
On January 27, 2022, the Registrant issued a press release announcing the board
of directors' declaration of a cash dividend payable February 18, 2022. A copy
of the company's news release is attached as Exhibit 99.1 to this Current Report
on Form 8-K and is incorporated herein by reference into this Item 8.01.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits. The following exhibit is being furnished pursuant to Item 8.01
above.
Exhibit No. Description
99.1 Press release dated January 27, 2022
104 Cover Page Interactive Data File - the cover page XBRL tags are
embedded within the Inline XBRL document
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