Eagle Financial Services appoints new board member

Eagle Financial Services , Inc. (NASDAQ:EFSI), a $168 million market cap regional bank trading at $31.80 per share, announced the appointment of Karthik Shyamsunder as a new board member, effective May 20, 2025. According to InvestingPro data, the company maintains a P/E ratio of 20x and currently offers a 3.9% dividend yield. Shyamsunder, a seasoned professional with over 30 years of experience in the technology and telecommunications sectors, currently serves as Vice President and Distinguished Engineer at VeriSign Inc (NASDAQ:VRSN). His expertise in artificial intelligence, machine learning, and cloud computing is expected to bring valuable insights to the company and its subsidiary bank, Bank of Clarke.

In addition to his corporate role, Shyamsunder has been a faculty member at Johns Hopkins University since 2000, where he oversees the Big Data and Cloud Computing program. His compensation as a director will align with that of other board members, which includes meeting fees and annual stock grants. Notably, InvestingPro analysis shows Eagle Financial has maintained dividend payments for 23 consecutive years, with 22 years of consecutive increases, demonstrating strong shareholder commitment.

Eagle Financial Services also held its Annual Meeting of Shareholders on May 20, 2025. Shareholders elected three directors, Scott M. Hamberger, John R. Milleson, and Robert W. Smalley, Jr., for three-year terms. They ratified the appointment of Yount, Hyde & Barbour, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2025. Additionally, shareholders approved, in a non-binding vote, the compensation of the company’s named executive officers and voted for a three-year frequency for future advisory votes on executive compensation.

The detailed voting results, including votes for, against, withheld, abstained, and broker non-votes, were provided for each proposal. The company maintains a FAIR financial health score according to InvestingPro, which offers additional insights through 12+ financial tips and comprehensive metrics for subscribers.

This news is based on an SEC filing by Eagle Financial Services, Inc.

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