Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On May 31, 2022, Joseph T. Zmitrovich was appointed President and Chief Banking
Officer for the Bank of Clarke County (the "Bank"), a wholly-owned subsidiary of
Eagle Financial Services, Inc. (the "Company"), and Executive Vice President and
Chief Banking Officer for the Company. In his new position, Mr. Zmitrovich will
head up merger and acquisition strategy to ensure full engagement in acquisition
plans related to individual branch expansion, niche business acquisition, and
whole bank purchases, while continuing his oversight of commercial lending,
retail banking, cash management, loan operations and loan servicing. Mr.
Zmitrovich, 52, joined the Bank in 2016 as its Senior Vice President and Lending
Officer. In 2019, he was promoted to Executive Vice President and Chief Revenue
Officer and in 2021, to Executive Vice President and Chief Banking Officer.
In connection with Mr. Zmitrovich's promotion, the Company and Mr. Zmitrovich
entered into an Amended and Restated Employment Agreement, dated May 31, 2022
(the "Agreement") to amend his position and make other minor updates. The full
text of the Agreement is attached as Exhibit 10.1 to this report and is
incorporated by reference into this Item 5.02.
A copy of the Company's press release with respect to the appointment of Mr.
Zmitrovich as President and Chief Banking Officer for the Bank is attached as
Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference
herein.
Item 9.01Financial Statements and Exhibits
(d) Exhibits.
Exhibit
No. Description
10.1 Amended and Restated Employment Agreement, dated May 31, 2022, between
Eagle Financial Services, Inc. and Joseph T. Zmitrovich.
99.1 Press release, dated June 1, 2022
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