8-K

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): August 29, 2022

ATLANTIC UNION BANKSHARES CORPORATION

(Exact name of registrant as specified in its charter)

Virginia	001-39325	54-1598552
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation)	File Number)	Identification No.)

1051 East Cary Street

Suite 1200

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):

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

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

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

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

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $1.33 per share	AUB	The NASDAQ Global Select Market
Depositary Shares, Each Representing a 1/400th Interest in a Share of 6.875% Perpetual Non-Cumulative Preferred Stock, Series A	AUBAP	The NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On August 29, 2022, Atlantic Union Bank announced the appointment of Sherry Williams as Executive Vice President and Chief Risk Officer of Atlantic Union Bankshares Corporation (the “Company”). Ms. Williams will start her role with the Company by October 2022 and replaces David Bilko, who announced his plans to retire earlier this year. Ms. Williams most recently held the position of Executive Vice President, Chief Risk Officer at Amalgamated Bank.

A copy of the Company’s press release dated August 29, 2022 is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference. 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description of Exhibit
99.1	Press release dated August 29, 2022.
104	Cover Page Interactive Data File – the cover page iXBRL tags are embedded within the Inline XBRL document

1

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.

	ATLANTIC UNION BANKSHARES CORPORATION
Date: August 29, 2022	By:	/s/ Robert M. Gorman
		Robert M. Gorman
		Executive Vice President and
		Chief Financial Officer

2

EX-99.1

Exhibit 99.1

Atlantic Union Bank Names New Chief Risk Officer

RICHMOND, Va., August 29, 2022 – Atlantic Union Bankhas named Sherry Williams as its new Chief Risk Officer. Williams will be responsible for the company’s enterprise and regulatory risk management functions that serve to safeguard its customers, investors, reputation, and assets.

“Sherry is an accomplished executive leader, board advisor, chief risk officer and chief auditor who is an expert in driving risk and control excellence and evaluating corporate risks,” said, John C. Asbury, CEO of Atlantic Union Bank. “She will be a key member of our executive leadership team and her extensive experience in risk management will be very beneficial to us as we strive to become the premier mid-Atlantic regional bank.”

Williams most recently held the position of Executive Vice President, Chief Risk Officer at Amalgamated Bank following several years as the Bank’s Chief Auditor. Previously, she worked at PricewaterhouseCoopers providing risk consulting for some of the largest financial institutions. Prior to that, she spent 10 years with SunTrust Bank, in various risk, audit and financial reporting roles. Throughout her 26-year career she also held positions at State of Georgia and Ernst & Young LLP.

Williams holds a doctorate degree in business administration from Temple University’s Fox School of Business. She holds several professional certifications including Certified Public Accountant (CPA) and Certified Information Systems Auditor (CISA).

Williams will start her role with the company by October 2022 and replaces David Bilko who announced his plans to retire earlier this year.

About Atlantic Union BankHeadquartered in Richmond, Virginia, Atlantic Union Bank is the wholly owned subsidiary of Atlantic Union Bankshares Corporation (Nasdaq: AUB). Atlantic Union Bank offers a wide range of financial services to commercial and retail clients and operates 114 branches and approximately 130 ATMs located throughout Virginia, and in portions of Maryland and North Carolina. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; Atlantic Union Financial Consultants, LLC, which provides brokerage services; and Union Insurance Group, LLC, which offers various lines of insurance products.

#          #        #

Contact: Bill Cimino, Senior Vice President and Director of Investor Relations Bill.Cimino@AtlanticUnionBank.com 804.448.0937

Contact:Beth Shivak, Senior Vice President, Head of Corporate CommunicationsBeth.Shivak@AtlanticUnionBank.com

XML

Document and Entity Information1	Aug. 29, 2022
Document Type	8-K
Document Period End Date	Aug. 29, 2022
Entity File Number	001-39325
Entity Registrant Name	ATLANTIC UNION BANKSHARES CORPORATION
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	54-1598552
Entity Address, Address Line One	1051 East Cary Street
Entity Address, Adress Line Two	Suite 1200
Entity Address, State or Province	VA
Entity Address, City or Town	Richmond
Entity Address, Postal Zip Code	23219
City Area Code	(804)
Local Phone Number	633-5031
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Central Index Key	0000883948
Amendment Flag	false
Common Stock [Member]
Title of 12(b) Security	Common Stock, par value $1.33 per share
Trading Symbol	AUB
Security Exchange Name	NASDAQ
Series A Preferred Stock [Member]
Title of 12(b) Security	Depositary Shares, Each Representing a 1/400th Interest in a Share of 6.875% Perpetual Non-Cumulative Preferred Stock, Series A
Trading Symbol	AUBAP
Security Exchange Name	NASDAQ