Virginia
(State or other jurisdiction
of incorporation)
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0-27622
(Commission File Number)
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54-1796693
(IRS Employer
Identification No.)
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340 West Main Street
Abingdon, Virginia
(Address of principal executive offices)
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24210-1128
(Zip Code)
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Item 5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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On December 10, 2014, the Board of Directors (the “Board”) of Highlands Bankshares, Inc. (the “Company”) appointed Samuel L. Neese as a new director of the Company, effective immediately. Mr. Neese is the Executive Vice President and Chief Executive Officer of the Company.
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Mr. Neese has not yet been named to any committees of the Company. Mr. Neese also serves on the Board of Directors of the Company’s wholly-owned subsidiary, Highlands Union Bank (the “Bank”), and is a member of the Bank’s Loan Committee and Compliance / Oversight Committee.
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As a member of the Bank’s Board of Directors, Mr. Neese receives the standard compensation of an annual retainer and monthly board fees as other board members. Mr. Neese will receive no additional compensation for being appointed as a director of the Company’s board.
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HIGHLANDS BANKSHARES, INC.
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(Registrant)
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Date: January 2, 2015
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By:
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/s/ Robert M. Little, Jr.
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Robert M. Little, Jr.
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Chief Financial Officer
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