---
title: "Cathy W. Liles secures change-in-control protection at Virginia National Bankshares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286570742.md"
description: "Virginia National Bankshares has entered into a management continuity agreement with Cathy W. Liles, its CFO, providing her with change-in-control protections and increasing her salary to $375,000. The agreement ensures her continued employment for two years post-change in control, with severance benefits and 401(k) contributions."
datetime: "2026-05-15T13:03:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286570742.md)
  - [en](https://longbridge.com/en/news/286570742.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286570742.md)
---

# Cathy W. Liles secures change-in-control protection at Virginia National Bankshares

**Virginia National Bankshares entered into a management continuity agreement with Cathy W. Liles, its Executive Vice President and Chief Financial Officer, providing change-in-control employment and severance protections and increasing her base salary to $375,000.**

Individual

Cathy W. Liles

Role

Executive Vice President and Chief Financial Officer

Type of Change

Management continuity agreement / Compensation adjustment

Effective Date

May 11, 2026

Reason

Protection in event of a change in control; continuity of employment

Replacement Info

Not disclosed

Background Details

Agreement requires continued employment for two years post-change in control with commensurate authority, responsibilities, compensation and benefits; severance equals 2x (base salary + avg. bonus for two years + certain deferrals); benefits continuation up to 18 months; 401(k) contributions paid; incentive clawback provisions.

Board/Committee Role Changes

Not disclosed

Original SEC Filing: Virginia National Bankshares Corp \[ VABK \] - 8-K - May. 15, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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