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FXNC 8-K: Executive departure

First National Corporation

Filed with the SEC on · accession 0001437749-26-036861

FXNC filed a 8-K (current report) with the SEC on Nov 13, 2026. First National Corporation entered into a new Supplemental Executive Retirement Plan with President and CEO Scott C. The stock moved -0.8% by the first close after the filing.

Summary of the filing

First National Corporation entered into a new Supplemental Executive Retirement Plan with President and CEO Scott C. Harvard, providing a one-time lump-sum retirement benefit of $2,376,298 payable upon separation from service, and amended his employment agreement accordingly.

For details, click here →How to read a 8-K →

Key details

One-time SERP retirement benefit for CEO Scott C. Harvard$2.4M
RegistrantFirst National Corporation
Wholly owned subsidiaryFirst Bank
President and chief executive officerScott C. Harvard
Executive vice president and chief financial officerBrad E. Schwartz

How FXNC stock reacted

Close before

$30.27

Nov 12, 2026

First close after

-0.83%

$30.02

5 trading days

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Since filing

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Frequently asked questions

What did FXNC file with the SEC on Nov 13, 2026?

FXNC filed a 8-K (Executive departure). First National Corporation entered into a new Supplemental Executive Retirement Plan with President and CEO Scott C. Harvard, providing a one-time lump-sum retirement benefit of $2,376,298 payable upon separation from service, and amended his employment agreement accordingly.

What does a executive departure mean for FXNC stock?

Not always. A planned retirement with a successor is usually calm; a sudden departure “effective immediately”, especially of a CFO or near results, often worries investors.

How do I read a 8-K?

A report of a major event, filed within four business days: results, deals, leadership changes, bankruptcy and more. The "Item" number tells you the topic (e.g. 2.02 results, 5.02 executive change, 1.01 new agreement, 1.03 bankruptcy). Exhibits (99.1 press release) usually hold the details.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 8-K (current report): A report of a major event, filed within four business days: results, deals, leadership changes, bankruptcy and more.

How did FXNC stock react to this filing?

FXNC closed at $30.27 before the filing and $30.02 on Nov 13, 2026 (-0.83%).

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