NATIONAL BANKSHARES INC
For the period ended May 14, 2024. Filed Mar 28, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 14, 2024 · Filed Mar 28, 2024
NKSH$39.19-0.6%Stored close · as of Nov 6, 2026
Contents
Elements of Compensation
For 2023, total direct compensation for our named executive officers consisted primarily of base salary and an annual incentive plan. Each of these and other elements of compensation are described below.
| Compensation Element | Purpose |
|---|---|
| Base Salary | Provides a fixed amount of compensation to recognize the duties, responsibilities and scope of influence of the executive’s role. The level of base salary also takes into consideration the executive’s experience, skills and prior performance. |
| Incentive Plan | Rewards the achievement of annual goals for financial performance, as well as key annual individual goals that strengthen the business and position the Company for long term success. |
| Officers Salary Continuation Plan | Provides income security through a fixed dollar income stream upon retirement, death, disability and change in control. |
| Other Compensation | Named executive officers participate in the benefit and retirement programs generally available to all full-time Company employees with the purpose of providing health, welfare and financial stability. Perquisites are generally limited to those that assist our named executive officers in conducting their business duties productively. Change in control and other separation benefits are provided to ensure that executives act in the best interest of the Company regardless of future employment status. |
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