Israel D. O’Quinn
About Israel D. O’Quinn
Israel D. O’Quinn (age 45) was appointed as an independent director of Skyline Bankshares, Inc. on February 18, 2025; he is President & CEO of The United Company Foundation and the James W. and Francis G. McGlothlin Foundation (since June 2023) and has served in the Virginia House of Delegates since 2011, with long tenure on the Commerce and Energy committee, bringing regulatory and economic development expertise to SLBK’s board . He holds bachelor’s degrees in Political Science and History from Emory & Henry College and serves on its Board of Trustees .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| KVAT Food Stores (Food City) | Executive roles across strategy, regulatory issues, community relations | 17 years | Deep operational/regulatory exposure in retail; regional stakeholder relationships |
| Virginia House of Delegates | Elected member | 2011–present | Commerce and Energy committee; knowledge of laws/regulations relevant to banking/business |
| Bristol Chamber of Commerce | Chairman | Not disclosed | Regional economic and community leadership |
| InvestSWVA | Co-Chair | Not disclosed | Leadership of economic development projects |
External Roles
| Organization | Role | Start Date | Notes |
|---|---|---|---|
| The United Company Foundation | President & CEO | June 2023 | Philanthropic leadership |
| James W. and Francis G. McGlothlin Foundation | President & CEO | June 2023 | Philanthropic leadership |
| Emory & Henry University | Board of Trustees member | Not disclosed | Governance role in higher education |
Board Governance
- Independence: The Board determined O’Quinn is independent under Nasdaq standards .
- Committees: Appointed to Skyline National Bank’s Asset and Liability Management Committee (ALCO) and the Directors Loan Committee – Virginia on May 20, 2025 .
- Board committees overview: SLBK maintains Audit and Compensation Committees; no standing Nominating Committee . The Company has not designated an “audit committee financial expert”; Audit met 5 times and Compensation met 3 times in 2024 .
- Shareholder support: O’Quinn received 3,027,963 “For” and 54,165 “Withhold” votes at the May 20, 2025 annual meeting; 891,988 broker non-votes .
- Other public company directorships: None among SLBK directors in the prior five years .
Fixed Compensation
| Component | Amount | Effective Date | Notes |
|---|---|---|---|
| Monthly retainer – Chairman ($/mo) | $2,400 | Feb 2025 | Replaces per-board meeting fees |
| Monthly retainer – Vice Chairman ($/mo) | $2,200 | Feb 2025 | Replaces per-board meeting fees |
| Monthly retainer – Non-employee directors ($/mo) | $2,000 | Feb 2025 | Applies to O’Quinn |
| Committee meeting fee ($/meeting) | $400 | Ongoing | Applies to all directors |
| Per board meeting fee | None (eliminated) | Feb 2025 | Structure change effective Feb 2025 |
| Eligibility | Consistent with non-employee director compensation program | Feb 18, 2025 | O’Quinn eligible upon appointment |
Performance Compensation
| Equity Award | Grant Date | Shares / Fair Value | Vesting | Notes |
|---|---|---|---|---|
| Non-employee director stock award (typical) | Dec 31, 2024 | 1,000 shares; $12.18 per share | Immediate vesting | Chairman received 1,500 shares; O’Quinn not a director in 2024 |
| Program description | Various | Equity plan allows stock awards/RSUs/options up to 300,000 shares (2020 Equity Incentive Plan) | As specified by grants | 59,900 shares issued under plan as of Dec 31, 2023; 240,100 available |
| O’Quinn-specific | N/A for 2024 | N/A | N/A | 2025 equity grants not disclosed as of filings reviewed |
No director performance metrics (e.g., TSR, EBITDA) are tied to director equity; annual director stock awards immediately vest per program disclosure .
Other Directorships & Interlocks
| Company/Institution | Type | Role | Potential Interlock/Conflict |
|---|---|---|---|
| None (public companies) | Public | N/A | Proxy states no SLBK director served on a Section 12-registered public company board in prior five years |
| Emory & Henry University | Non-profit/academic | Trustee | Governance in education; no SLBK transaction disclosed |
| Bristol Chamber of Commerce | Non-profit | Chairman | Regional commerce; no SLBK transaction disclosed |
| InvestSWVA | Regional initiative | Co-Chair | Economic development; no SLBK transaction disclosed |
Expertise & Qualifications
- Regulatory and legislative expertise from long-standing service on Virginia House Commerce and Energy committee .
- Executive leadership in philanthropy and regional economic development (United Company Foundation, McGlothlin Foundation, InvestSWVA, Bristol Chamber) .
- Academic governance experience via Emory & Henry University Board of Trustees; BA degrees in Political Science and History .
Equity Ownership
| Holder | Shares Owned | Unvested Awards | Total | Shares Outstanding | Ownership % |
|---|---|---|---|---|---|
| Israel D. O’Quinn | 100 | 0 | 100 | 5,651,704 (as of Mar 25, 2025) | ~0.0018% (derived from 100 / 5,651,704) |
- Beneficial ownership table shows O’Quinn holds 100 shares and represents less than 1% of outstanding common stock; no unvested stock awards listed for directors .
- No pledging/hedging or related-party ownership disclosures identified for O’Quinn; 8-K states no related party transactions involving O’Quinn .
Governance Assessment
- Independence and composition: O’Quinn adds an independent perspective with regulatory insight; SLBK’s board has 12 of 15 independent directors . The company does not have a standing nominating committee, with the full board handling nominations, predominantly independent .
- Committee assignments signal focus: Placement on ALCO and Directors Loan Committee – Virginia points to involvement in balance sheet/liquidity and credit governance at the bank subsidiary .
- Investor confidence: Strong shareholder support in 2025 election (3.03M “For”, 54k “Withhold” for O’Quinn), consistent with broad director slate support .
- Compensation structure discipline: Shift to monthly retainers (eliminating per-board meeting fees) and standardized committee fees enhances predictability and may curb meeting-driven pay inflation .
- Equity alignment: Director stock awards immediately vest; O’Quinn did not receive 2024 awards given appointment in 2025, and specific 2025 director equity grants were not disclosed in reviewed filings .
- Consultant independence: Compensation Committee engages independent consultant Pearl Meyer & Partners to inform executive pay program design and competitiveness (committee oversees broader comp practices), indicating structured governance around pay .
- RED FLAGS:
- No designated “audit committee financial expert,” though the Audit Committee meets and members are deemed capable; this can be viewed as a conservative disclosure but may raise diligence expectations in financial oversight .
- No individual director attendance rates disclosed; only committee meeting counts (Audit: 5; Compensation: 3 in 2024) .
- Conflicts/related party: 8-K explicitly states no transactions involving O’Quinn or immediate family; independence affirmed by the board .
Shareholder Voting Support (2025)
| Director | For | Withhold | Broker Non-Votes |
|---|---|---|---|
| Israel D. O’Quinn | 3,027,963 | 54,165 | 891,988 |
Committee Activity (2024)
| Committee | Meetings Held |
|---|---|
| Audit | 5 |
| Compensation | 3 |
Related-Party and Conflicts (O’Quinn)
| Item | Disclosure |
|---|---|
| Related party transactions | None; no current or proposed transactions involving O’Quinn or immediate family |
| Independence determination | Board affirmed independence under Nasdaq standards |