Primis Financial Corp. 8-K

What Happened

• Primis Financial Corp. and Primis Bank announced that, at the recommendation of the Corporate Governance Committee, Margaret M. Weichert was appointed to their Boards and to the Bank’s Corporate Governance Committee, effective June 25, 2026. The appointment was reported in a Form 8-K filed June 30, 2026.

Key Details

• Appointment effective date: June 25, 2026.
• Committee assignment: Corporate Governance Committee.
• Independence: Board determined Ms. Weichert is “independent” under NASDAQ rules.
• Background highlights: senior roles at Accenture, Bank of America, First Data and The Clearinghouse; former Senate‑confirmed Deputy for Management at OMB and leader at the U.S. Office of Personnel Management; inventor on 16 U.S. patents; adjunct professor at Georgetown; fintech advisory roles.
• Compensation: Ms. Weichert will receive the same board compensation paid to other directors (as described in the Company’s April 10, 2026 Definitive Proxy Statement).
• No related-party transactions, family relationships, or special arrangements requiring disclosure under Item 404(a) of Regulation S‑K were reported.
• Press release announcing the appointment was attached as Exhibit 99.1 to the 8-K.

Why It Matters

• The addition brings a director with deep payments, technology and government operations experience, which may strengthen the board’s oversight of strategy, digital transformation and risk related to payments and operations.
• Her designation as an independent director affects board composition and governance reporting under NASDAQ rules.
• There are no disclosed special arrangements or related-party transactions and her pay will follow existing director compensation, so the filing signals a governance enhancement without immediate financial or related‑party implications for investors.