Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 16, 2019, Dr. Franklin W. Maddux, a member of the Boards of
Directors of American National Bankshares Inc. (the "Company") and its banking
subsidiary, American National Bank and Trust Company (the "Bank") since 2002,
notified the Company and the Bank of his decision to resign as a director of
both entities effective December 31, 2019.
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Dr. Maddux has been named to the Management Board of Fresenius Medical Care, a
leading provider of dialysis products and services and at which he is Global
Chief Medical Officer. He will take on his new responsibilities at Fresenius
Medical Care on January 1, 2020 and will not be in a position to continue his
service as a director of the Company and the Bank. Dr. Maddux's resignation is
not due to any disagreement with the Company on any matter relating to its
operations, policies or practices.
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