First Community Bankshares (FCBC) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for April 28, 2026, with shareholders voting on director elections, executive compensation, frequency of say-on-pay votes, and auditor ratification.

• Shareholders of record as of February 27, 2026, are eligible to vote; 19,075,028 shares outstanding.

• Proxy materials are available online, and voting can be done by mail, phone, or internet.

Voting matters and shareholder proposals

• Election of two directors for the Class of 2029.

• Advisory vote on executive compensation (say-on-pay) and on the frequency of future say-on-pay votes, with the Board recommending annual votes.

• Ratification of Crowe LLP as independent registered public accounting firm for 2026.

• Procedures for shareholder proposals and director nominations for the next annual meeting are outlined, with specific deadlines and requirements.

Board of directors and corporate governance

• Board consists of eight directors, with a majority being independent; two directors are executive officers.

• Board committees include Audit and Compliance, Compensation and Retirement, Governance and Nominating, and Executive Committees.

• Lead Independent Director role established to enhance oversight and balance management influence.

• Board and committee self-assessments are conducted annually to ensure effective governance.

• Anti-hedging and stock ownership policies in place for directors and executives.