Eagle Financial Services Inc.

01/27/2026 | Press release | Distributed by Public on 01/27/2026 14:17

Management Change/Compensation (Form 8-K)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 21, 2026, the Board of Directors of Eagle Financial Services, Inc. (the "Company") appointed Brian T. Strosser and Susan D. Davies as new directors of the Company and its subsidiary bank, Bank of Clarke (the "Bank"), effective February 25, 2026.

Mr. Strosser, age 56, brings deep expertise in strategic governance, risk management, and regulated industry oversight from more than 30 years of senior executive leadership experience across the technology and public-sector contracting markets. He has served as President, Chief Executive Officer, and board member of multiple technology and solutions companies, overseeing corporate strategy, growth initiatives, mergers and acquisitions, and large-scale operations. He most recently served as President and board member of ClearShark, leading its expansion and its acquisition by Optiv Security.

Ms. Davies, age 57, is a Certified Public Accountant (Maryland) and currently serves as Global Controller and Chief Accounting Officer of Alight, Inc., a publicly-traded provider of cloud-based digital human capital and business solutions, a position she has held since May 2021. In this role, she is responsible for the global controllership and external and regulatory reporting functions, Sarbanes-Oxley Act compliance, and accounting and reporting for significant capital markets and merger and acquisition transactions, including Alight's 2021 IPO/SPAC transaction. Prior to joining Alight, Ms. Davies served in senior accounting, controllership, and internal audit leadership roles at Willis Towers Watson, and earlier in her career, at PricewaterhouseCoopers.

The Company has not determined the committee(s) to which Mr. Strosser or Ms. Davies will be named. They will each be entitled to the same compensation as the other non-employee directors, including retainers for board service, fees for committee meetings attended and annual stock grants.

Also on January 21, 2026, Robert W. Smalley, Jr. notified the Company's Board of Directors that he intends to retire from the Board of Directors of the Company and the Bank, effective at the Company's 2026 annual meeting of shareholders. Mr. Smalley has been a stalwart supporter of the Bank for over 35 years and has done much to make the Bank the organization it is today with his service as former Vice Chair, Chair of Compensation Committee as well as his membership over the years as a member of Directors Loan Committee, Audit, and Trust.

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