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NATIONAL BANKSHARES INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and NATIONAL BANKSHARES INC.’s Form 8-K, filed 2025-05-15 (Item 5.07 on EDGAR). Page generated 04 October 2026.

6Ballot items
113Asset managers
723Fund votes
2025-05-13Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore NATIONAL BANKSHARES INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by NATIONAL BANKSHARES INC.

These tallies are NATIONAL BANKSHARES INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2025-05-15 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

NATIONAL BANKSHARES INC. — official shareholder meeting results, meeting held 2025-05-13
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: F. Brad Denardo	3,425,681	--	--	106,700	1,305,629	Majority: yes
Elect Director: John E. Dooley	3,218,294	--	--	314,087	1,305,629	Majority: yes
Elect Director: Normal V. Fitzwater, III	3,455,526	--	--	76,855	1,305,629	Majority: yes
Elect Director: Alan J. Sweet	2,605,516	--	--	926,865	1,305,629	Majority: yes
Proposal 2: Advisory (Non-Binding) Vote to Approve the Compensation of the Company's Named Executive Officers The stockholders approved a (non-binding) advisory vote to approve the compensation of the named executive officers	3,101,729	390,734	39,918	--	1,305,629	Majority: yes
Proposal 3: Ratification of the appointment of Yount, Hyde & Barbour, P.C. as the Company's independent registered public accounting firm for the year ending December 31, 2025. The stockholders voted to ratify the Company's Board of Directors' appointment of Y	4,817,481	7,926	12,603	--	--	Majority: yes

Source: NATIONAL BANKSHARES INC., Form 8-K, filed with the SEC on 2025-05-15 — read the filing on EDGAR.

How asset managers voted at the NATIONAL BANKSHARES INC. 2024-2025 meeting

Each item below shows how the 113 asset managers that disclosed a NATIONAL BANKSHARES INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Advisory (non-binding) vote to approve the compensation of the Company's named executive officers.

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Combines 3 wordings of this item as funds reported it.

89% Majority: yes · of votes cast

FOR 89%11%

FOR: 3,101,729AGAINST: 390,734

NATIONAL BANKSHARES INC.’s own tally for this item (“Proposal 2: Advisory (Non-Binding) Vote to Approve the Compensation of the Company's Named Executive Officers The stockholders approved a (non-binding) advisory vote to approve the compensation of the named executive off”): 3,101,729 for, 390,734 against, per its Form 8-K filed 2025-05-15 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 6,363,371 outstanding shares: 48.7% for, 6% against (54.9% of the company cast a for/against vote).

The 112 asset managers below cast 88% of the shares they voted on this item FOR (1,670,417 for, 232,646 against).

FOR 88%12%

FOR: 1,670,417 (87.8%)AGAINST: 232,646 (12.2%)

Largest asset managers voting on “Advisory (non-binding) vote to approve the compensation of the Company's named executive officers.” at NATIONAL BANKSHARES INC., 2024-2025
Asset manager	For	Against	Vote
BlackRock	420,577	0	For
Vanguard	344,779	0	For
BRANDES INVESTMENT PARTNERS, LP	0	162,829	Against
GEODE CAPITAL MANAGEMENT, LLC	133,647	0	For
Fidelity	124,976	0	For
Rhino Investment Partners, Inc	115,134	0	For
Dimensional	97,989	0	For
State Street	76,775	0	For
Datum One Series Trust	0	68,150	Against
Northern Trust	33,209	0	For
Charles Schwab	32,536	0	For
Invesco	22,517	0	For
Renaissance	18,562	0	For
Taylor Hoffman Capital Management LLC	18,150	0	For
Cerity Partners LLC	17,809	0	For
MELLON INVESTMENTS Corp	17,679	0	For
D.A. DAVIDSON & CO.	12,993	0	For
Equitable	12,412	0	For
T. Rowe Price	12,356	0	For
Citadel	10,217	0	For
QUANTITATIVE MASTER SERIES LLC	9,995	0	For
Nuveen	7,827	0	For
TIAA	7,827	0	For
Fourthstone LLC	6,541	0	For
RBC FUNDS TRUST	6,200	0	For

Showing the 25 largest of 112 asset managers. See all 112 in the interactive database.

2. Election of Four Class 2 Directors to serve a term of three years each until the 2028 Annual Meeting: Alan J. Sweet

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

74% Majority: yes · of votes cast

FOR 74%WITHHELD 26%

FOR: 2,605,516WITHHELD: 926,865

NATIONAL BANKSHARES INC.’s own tally for this item (“Elect Director: Alan J. Sweet”): 2,605,516 for, 926,865 withheld, per its Form 8-K filed 2025-05-15 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 6,363,371 outstanding shares: 41% for, 15% withheld (56% of the company cast a for/withheld vote).

The 38 asset managers below cast 100% of the shares they voted on this item FOR (576,402 for, 0 against).

FOR 60%ABSTAIN 40%

FOR: 576,402 (59.8%)ABSTAIN: 386,740 (40.2%)

Largest asset managers voting on “Election of Four Class 2 Directors to serve a term of three years each until the 2028 Annual Meeting: Alan J. ” at NATIONAL BANKSHARES INC., 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	340,190	0	For
BlackRock	0	236,827	Abstain
Fidelity	124,563	0	For
Dimensional	0	80,249	Abstain
Datum One Series Trust	68,150	0	For
Charles Schwab	16,268	0	For
Equitable	1,910	10,502	Abstain
Invesco	0	10,169	Abstain
QUANTITATIVE MASTER SERIES LLC	0	9,995	Abstain
TIAA	7,827	0	For
RBC FUNDS TRUST	0	6,200	Abstain
Goldman Sachs	6,014	0	For
Pacific Life	0	4,545	Abstain
WisdomTree	4,381	0	For
Lincoln Financial	0	4,322	Abstain
BRIDGEWAY FUNDS INC	0	3,637	Abstain
Global X	3,393	0	For
Northern Trust	3,111	0	For
AIG/SunAmerica	0	2,835	Abstain
Bridge Builder Trust	0	2,793	Abstain
State Street	0	2,461	Abstain
John Hancock	0	2,329	Abstain
Nationwide	548	1,121	Abstain
Brighthouse	0	1,483	Abstain
ProShares	0	1,356	Abstain

Showing the 25 largest of 38 asset managers. See all 38 in the interactive database.

3. Election of Four Class 2 Directors to serve a term of three years each until the 2028 Annual Meeting: F. Brad Denardo

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 3,425,681WITHHELD: 106,700

NATIONAL BANKSHARES INC.’s own tally for this item (“Elect Director: F. Brad Denardo”): 3,425,681 for, 106,700 withheld, per its Form 8-K filed 2025-05-15 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 6,363,371 outstanding shares: 53.8% for, 2% withheld (56% of the company cast a for/withheld vote).

The 38 asset managers below cast 100% of the shares they voted on this item FOR (958,284 for, 0 against).

FOR 99.4%

FOR: 958,284 (99.5%)ABSTAIN: 4,858 (0.5%)

Largest asset managers voting on “Election of Four Class 2 Directors to serve a term of three years each until the 2028 Annual Meeting: F. Brad ” at NATIONAL BANKSHARES INC., 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	340,190	0	For
BlackRock	236,827	0	For
Fidelity	124,563	0	For
Dimensional	80,249	0	For
Datum One Series Trust	68,150	0	For
Charles Schwab	16,268	0	For
Equitable	12,412	0	For
Invesco	10,169	0	For
QUANTITATIVE MASTER SERIES LLC	9,995	0	For
TIAA	7,827	0	For
RBC FUNDS TRUST	6,200	0	For
Goldman Sachs	6,014	0	For
Pacific Life	4,545	0	For
WisdomTree	0	4,381	Abstain
Lincoln Financial	4,322	0	For
BRIDGEWAY FUNDS INC	3,637	0	For
Global X	3,393	0	For
Northern Trust	3,111	0	For
AIG/SunAmerica	2,835	0	For
Bridge Builder Trust	2,793	0	For
State Street	2,461	0	For
John Hancock	2,329	0	For
Nationwide	1,669	0	For
Brighthouse	1,483	0	For
ProShares	1,356	0	For

Showing the 25 largest of 38 asset managers. See all 38 in the interactive database.

4. Election of Four Class 2 Directors to serve a term of three years each until the 2028 Annual Meeting: John E. Dooley

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

91% Majority: yes · of votes cast

FOR 91%9%

FOR: 3,218,294WITHHELD: 314,087

NATIONAL BANKSHARES INC.’s own tally for this item (“Elect Director: John E. Dooley”): 3,218,294 for, 314,087 withheld, per its Form 8-K filed 2025-05-15 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 6,363,371 outstanding shares: 50.6% for, 5% withheld (56% of the company cast a for/withheld vote).

The 38 asset managers below cast 100% of the shares they voted on this item FOR (885,255 for, 0 against).

FOR 92%8%

FOR: 885,255 (91.9%)ABSTAIN: 77,887 (8.1%)

Largest asset managers voting on “Election of Four Class 2 Directors to serve a term of three years each until the 2028 Annual Meeting: John E. ” at NATIONAL BANKSHARES INC., 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	340,190	0	For
BlackRock	236,827	0	For
Fidelity	124,563	0	For
Dimensional	80,249	0	For
Datum One Series Trust	0	68,150	Abstain
Charles Schwab	16,268	0	For
Equitable	10,502	1,910	For
Invesco	10,169	0	For
QUANTITATIVE MASTER SERIES LLC	9,995	0	For
TIAA	0	7,827	Abstain
RBC FUNDS TRUST	6,200	0	For
Goldman Sachs	6,014	0	For
Pacific Life	4,545	0	For
WisdomTree	4,381	0	For
Lincoln Financial	4,322	0	For
BRIDGEWAY FUNDS INC	3,637	0	For
Global X	3,393	0	For
Northern Trust	3,111	0	For
AIG/SunAmerica	2,835	0	For
Bridge Builder Trust	2,793	0	For
State Street	2,461	0	For
John Hancock	2,329	0	For
Nationwide	1,669	0	For
Brighthouse	1,483	0	For
ProShares	1,356	0	For

Showing the 25 largest of 38 asset managers. See all 38 in the interactive database.

5. Election of Four Class 2 Directors to serve a term of three years each until the 2028 Annual Meeting: Norman V. Fitzwater, III

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 3,455,526WITHHELD: 76,855

NATIONAL BANKSHARES INC.’s own tally for this item (“Elect Director: Normal V. Fitzwater, III”): 3,455,526 for, 76,855 withheld, per its Form 8-K filed 2025-05-15 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 6,363,371 outstanding shares: 54.3% for, 1% withheld (56% of the company cast a for/withheld vote).

The 38 asset managers below cast 100% of the shares they voted on this item FOR (961,232 for, 0 against).

FOR 99.8%

FOR: 961,232 (99.8%)ABSTAIN: 1,910 (0.2%)

Largest asset managers voting on “Election of Four Class 2 Directors to serve a term of three years each until the 2028 Annual Meeting: Norman V” at NATIONAL BANKSHARES INC., 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	340,190	0	For
BlackRock	236,827	0	For
Fidelity	124,563	0	For
Dimensional	80,249	0	For
Datum One Series Trust	68,150	0	For
Charles Schwab	16,268	0	For
Equitable	10,502	1,910	For
Invesco	10,169	0	For
QUANTITATIVE MASTER SERIES LLC	9,995	0	For
TIAA	7,827	0	For
RBC FUNDS TRUST	6,200	0	For
Goldman Sachs	6,014	0	For
Pacific Life	4,545	0	For
WisdomTree	4,381	0	For
Lincoln Financial	4,322	0	For
BRIDGEWAY FUNDS INC	3,637	0	For
Global X	3,393	0	For
Northern Trust	3,111	0	For
AIG/SunAmerica	2,835	0	For
Bridge Builder Trust	2,793	0	For
State Street	2,461	0	For
John Hancock	2,329	0	For
Nationwide	1,669	0	For
Brighthouse	1,483	0	For
ProShares	1,356	0	For

Showing the 25 largest of 38 asset managers. See all 38 in the interactive database.

6. Ratification of the appointment of Yount, Hyde & Barbour P.C. as the Company's independent registered public accounting firm for the year ending December 31, 2025.

AUDIT-RELATEDMajority of the votes cast: yes

99.8% Majority: yes · of votes cast

FOR 99.8%

FOR: 4,817,481AGAINST: 7,926

NATIONAL BANKSHARES INC.’s own tally for this item (“Proposal 3: Ratification of the appointment of Yount, Hyde & Barbour, P.C. as the Company's independent registered public accounting firm for the year ending December 31, 2025. The stockholders voted to ratify the Compan”): 4,817,481 for, 7,926 against, per its Form 8-K filed 2025-05-15 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 6,363,371 outstanding shares: 76% for, 0.2% against (76% of the company cast a for/against vote).

The 38 asset managers below cast 100% of the shares they voted on this item FOR (963,142 for, 0 against).

FOR 100%

FOR: 963,142 (100.0%)

Largest asset managers voting on “Ratification of the appointment of Yount, Hyde & Barbour P.C. as the Company's independent registered public a” at NATIONAL BANKSHARES INC., 2024-2025
Asset manager	For	Vote
Vanguard	340,190	For
BlackRock	236,827	For
Fidelity	124,563	For
Dimensional	80,249	For
Datum One Series Trust	68,150	For
Charles Schwab	16,268	For
Equitable	12,412	For
Invesco	10,169	For
QUANTITATIVE MASTER SERIES LLC	9,995	For
TIAA	7,827	For
RBC FUNDS TRUST	6,200	For
Goldman Sachs	6,014	For
Pacific Life	4,545	For
WisdomTree	4,381	For
Lincoln Financial	4,322	For
BRIDGEWAY FUNDS INC	3,637	For
Global X	3,393	For
Northern Trust	3,111	For
AIG/SunAmerica	2,835	For
Bridge Builder Trust	2,793	For
State Street	2,461	For
John Hancock	2,329	For
Nationwide	1,669	For
Brighthouse	1,483	For
ProShares	1,356	For

Showing the 25 largest of 38 asset managers. See all 38 in the interactive database.

Largest NATIONAL BANKSHARES INC. shareholders voting in 2024-2025

Ranked by the number of NATIONAL BANKSHARES INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 6,363,371 shares outstanding at the time of that meeting.

Top NATIONAL BANKSHARES INC. shareholders by shares voted, 2024-2025
#	Asset manager	% of shares outstanding
1	BlackRock	6.61%
2	Vanguard	5.42%
3	BRANDES INVESTMENT PARTNERS, LP	2.56%
4	GEODE CAPITAL MANAGEMENT, LLC	2.10%
5	Fidelity	1.96%
6	Rhino Investment Partners, Inc	1.81%
7	Dimensional	1.54%
8	State Street	1.21%
9	Datum One Series Trust	1.07%
10	Northern Trust	0.52%

Reported NATIONAL BANKSHARES INC. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

NATIONAL BANKSHARES INC. beneficial owners on record for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
BlackRock	7.12%	13F
Vanguard Group	5.42%	13F
Geode Capital	2.26%	13F
Dimensional Fund Advisors	1.68%	13F
State Street	1.26%	13F
Northern Trust	0.76%	13F
Renaissance Technologies	0.36%	13F
BNY Mellon	0.34%	13F
Citadel Advisors	0.31%	13F
Morgan Stanley	0.27%	13F

Percentages above are of 6,363,371 shares outstanding, as reported by NATIONAL BANKSHARES INC. on its Form 10-K dated 2025-03-24 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from NATIONAL BANKSHARES INC.’s 10-K dated 2025-03-24. This page is a static snapshot rebuilt weekly on 04 October 2026; a live search always shows the current data.

At NATIONAL BANKSHARES INC.'s shareholder meeting held 2025-05-13, in the 2024-2025 proxy season, 113 asset managers reported how they voted on 6 ballot items in their SEC Form N-PX filings, covering 723 separate fund positions. On the most widely held item on that ballot — Advisory (non-binding) vote to approve the compensation of the Company's named executive… — FOR was 89% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: NATIONAL BANKSHARES INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on 2025-05-15.

NATIONAL BANKSHARES INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.