Form 8-K
8-K — Primis Financial Corp.
Accession: 0001104659-26-079364
Filed: 2026-06-30
Period: 2026-06-30
CIK: 0001325670
SIC: 6022 (STATE COMMERCIAL BANKS)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Financial Statements and Exhibits
Documents
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EX-99.1 — EXHIBIT 99.1 (tm2619419d1_ex99-1.htm)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event
reported): June 30, 2026
PRIMIS FINANCIAL CORP.
(Exact name of registrant
as specified in its charter)
Virginia
001-33037
20-1417448
(State or other jurisdiction of
incorporation)
(Commission File Number)
(IRS Employer Identification
No.)
1676
International Drive, Suite 900
McLean, Virginia 22102
(Address of Principal Executive Offices) (Zip Code)
(703) 893-7400
(Registrant's telephone number, including area
code)
Not Applicable
(Former name or former address,
if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchanged on which registered
COMMON STOCK
FRST
NASDAQ
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ¨
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
At
the recommendation of its Corporate Governance Committee, effective June 25, 2026 the Board of Directors (the “Board”) of
Primis Financial Corp. (the “Company”) and Prims Bank (the “Bank”) appointed Margaret M. Weichert to the Company
and Bank boards and to serve on the Corporate Governance Committee.
Ms. Weichert is a highly successful
financial services executive. Her background includes strategy, marketing, operations and profit and loss experience in banks, multinational
corporations, large government agencies, start-ups, and not-for-profits. A former banker as well as an entrepreneur, Ms. Weichert has
deep experience with technology and transformation including running businesses at Accenture, Bank of America, First Data and The Clearinghouse.
She led transformational change in government as the Senate-confirmed Deputy for Management in the Office of Management and Budget and
as leader of the government Office of Personnel Management. Ms. Weichert’s work as a payment industry inventor has resulted in sixteen
U.S. patents and dozens of payment product and business model innovations. Ms. Weichert currently serves as an Adjunct Professor at Georgetown
University and serves on the Advisory Board of the Smithsonian Libraries and Archives as well as several financial technology startups.
The Board has determined that
Ms. Weichert is “independent” as defined under the listing rules of the NASDAQ Stock Market. There are no family relationships
between Ms. Weichert and any director or executive officer of the Company. There are no arrangements or understandings between Ms. Weichert
and any other persons or entities pursuant to which Ms. Weichert was appointed as a director of the Company.
There are no transactions
involving Ms. Weichert and the Company that require disclosure under Item 404(a) of Regulation S-K.
As of the date of her appointment,
Ms. Weichert is entitled to receive compensation that is consistent with the compensation received by the other members of the Board.
A description of the compensation payable to members of the Board is set forth under the heading “Director Compensation” in
the Company’s Definitive Proxy Statement filed with the SEC on April 10, 2026 and is incorporated herein by reference.
A copy of the press release
announcing Ms. Weichert’s appointment to the Board is attached hereto as Exhibit 99.1 and incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release dated June 30, 2026
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
PRIMIS FINANCIAL CORP.
By:
/s/ Matthew A. Switzer
June 30, 2026
Matthew A. Switzer
Chief Financial Officer
EX-99.1 — EXHIBIT 99.1
EX-99.1
Filename: tm2619419d1_ex99-1.htm · Sequence: 2
Exhibit 99.1
Primis Financial Corp. Announces Appointment
of New Board Member Margaret Weichert
For immediate release
June 30, 2026
McLean, Virginia, June 30, 2026 –Primis
Financial Corp. (NASDAQ: FRST) (“Primis” or the “Company”) and its wholly-owned subsidiary Primis Bank, today
announced that Ms. Margaret M. Weichert was elected to Primis’ Board of Directors.
Ms. Weichert is a visionary financial services
executive with a 30-year record of success in complex operating environments. Her background includes strategy, marketing, operations
and profit and loss experience in banks, multinational corporations, large government agencies, start-ups, and not-for-profits. A former
banker as well as an entrepreneur, Ms. Weichert has deep experience with technology (including, but not limited to, embedded payments,
artificial intelligence, cloud, cyber and blockchain) and transformation. Ms. Weichert ran businesses at Accenture, Bank of America, First
Data and The Clearinghouse with hundreds of millions in revenue, payment volume in trillions of U.S. dollars and government balance sheets
over $2 trillion. She led transformational change in government as the Senate-confirmed Deputy for Management in the Office of Management
and Budget and as leader of the government Office of Personnel Management. Ms. Weichert’s work as a payment industry inventor has
resulted in sixteen U.S. patents and dozens of payment product and business model innovations. Ms. Weichert currently serves as an Adjunct
Professor at Georgetown University and serves on the Advisory Board of the Smithsonian Libraries and Archives as well as several financial
technology startups.
Dennis J. Zember, Jr., President and Chief Executive
Officer of the Company, stated, "I am excited to welcome Margaret to the Primis and Primis Bank Board of Directors. Our time spent
with her over the last few months leads us to believe she is the perfect fit for our strategy and culture. Her unique combination of technology
and financial expertise along with a successful track record as an entrepreneur will be invaluable to us as we continue to build a highly
profitable tech-forward organization."
About Primis Financial Corp.
As of March 31, 2026, Primis had $4.3 billion
in total assets, $3.4 billion in total loans held for investment and $3.4 billion in total deposits. Primis Bank provides a range of financial
services to individuals and small- and medium-sized businesses through twenty-four full-service branches in Virginia and Maryland and
provides services to customers through certain online and mobile applications.
Contacts:
Address:
Dennis J. Zember, Jr., President and CEO
Primis Financial Corp.
Matthew A. Switzer, EVP and CFO
1676 International Drive, Suite 900
Phone: (703) 893-7400
McLean, VA 22102
Primis Financial Corp., NASDAQ Symbol FRST
Website: www.primisbank.com
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