Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(d) Director Appointment.
On January 17, 2023, the Uwharrie Capital Corp (the "Company") Board of
Directors appointed Mr. Aaron D. Bates as a director. Mr. Bates is filling the
unexpired three-year term of late director Harvey H. Leavitt, III, whose term
was May 2022 to May 2025. Mr. Bates will be included in the Company's Proxy
Statement to be elected for the remaining two-year term at the next Annual
Meeting of Shareholders, which is expected to take place on May 16, 2023. Mr.
Bates was also appointed to serve as a director of Uwharrie Bank, subsidiary of
the Company, to fill Mr. Leavitt's one-year term that will expire May 2023. The
Company has not yet determined the committees to which Mr. Bates will be
appointed, if any. Mr. Bates will participate in the current director
compensation arrangements generally applicable to the Company's directors.
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