John Michael Turman
About John Michael Turman
Independent director of Skyline Bankshares, Inc. since July 2016; age 78 as of the 2025 proxy. Long-time Floyd County resident with leadership across land, lumber, real estate development, manufacturing, and retail businesses; strong local customer and shareholder relationships. Education: University of Virginia’s College at Wise; prior service on the local Industrial Development Authority. Core credentials: community and commercial networks, local market knowledge, and small-business operator perspective .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Various businesses in Southwest Virginia (land, lumber, real estate development, manufacturing, retail) | Owner/operator; business leader | — | Extensive local customer and shareholder relationships; market insight |
| Industrial Development Authority (local) | Board member | — | Economic development ties in bank market area |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Industrial Development Authority (local) | Board member | — | Local civic/economic involvement |
Board Governance
- Independence: Board determined Turman is independent under Nasdaq rules (2021, 2023, 2024, 2025) .
- Committee assignments:
- Audit Committee member; committee chaired by Frank A. Stewart with A. Melissa Gentry as Vice Chair; no SEC-designated “financial expert” identified; Audit met 5 times in 2024 .
- Governance structure: Audit and Compensation Committees; no standing Nominating Committee—full Board performs nominations .
- Other directorships: Company discloses no director has served on a public company board (Section 12 registrant) in the prior five years .
Committee Assignments
| Committee | Role | Chair | Meetings (FY 2024) | Financial Expert Designation |
|---|---|---|---|---|
| Audit | Member | Frank A. Stewart | 5 | None designated |
Other Directorships & Interlocks
| Company | Role | Dates | Note |
|---|---|---|---|
| None | — | — | Company states no director held a public-company directorship in past five years |
Expertise & Qualifications
- Multi-sector operating experience (land, lumber, real estate development, manufacturing, retail) with deep local networks across Skyline’s markets .
- Audit Committee service—exposure to financial reporting, internal controls, and compliance oversight, albeit without a designated financial expert on the committee .
- Education and civic involvement: UVA College at Wise; local Industrial Development Authority board .
Equity Ownership
- Not disclosed in accessible proxy excerpts; security ownership tables were not retrievable from available sections.
Fixed Compensation
- Director compensation details (cash retainer, committee fees, equity grants) not disclosed in accessible proxy excerpts; compensation tables were not retrievable from available sections.
Performance Compensation
- Performance-linked director compensation (RSUs/PSUs, vesting schedules, metrics) not disclosed in accessible proxy excerpts.
Governance Assessment
- Positives:
- Independent status and long tenure provide continuity and local market insight; Audit Committee membership supports oversight engagement .
- No public-company interlocks disclosed—reduced risk of external conflicts tied to public issuers .
- Watch items / RED FLAGS:
- No standing Nominating Committee; nominations handled by full Board—can dilute accountability in director refreshment and skills matrix management .
- No designated “audit committee financial expert”—heightens risk perception for financial reporting oversight in a regulated bank context .
- Related-party exposure:
- Board’s independence disclosure cites certain relationships for other directors; no related-party transactions disclosed for Turman in the independence review .
- Attendance:
- Committee meeting frequencies disclosed (Audit: 5 in 2024); per-director attendance rates not disclosed in accessible sections .