Milo L. Cockerham

About Milo L. Cockerham

Milo L. Cockerham is Executive Vice President and Chief Retail Banking Officer of Skyline National Bank (subsidiary of Skyline Bankshares, Inc.). As of 2025 he is 38, with 16 years of banking experience; he joined the Bank in December 2016 as a consultant during the Grayson National Bank–Bank of Floyd merger systems conversion, and now leads a network of 28 retail branches. He holds BA (Economics) and BS (Business Management) from Emory & Henry College and is a graduate of the Graduate School of Banking at LSU; he serves on the Virginia Bankers Association Retail Banking Executives Committee and the Galax Foundation for Excellence board .

Operational performance indicator (branch footprint growth)

Past Roles

External Roles

Fixed Compensation

• SLBK’s recent proxies (2023–2025) do not present individual compensation tables (e.g., Summary Compensation Table) for executive officers who are not directors; the documents emphasize board elections and auditor ratification rather than detailed executive pay disclosures .
• Compensation governance is overseen by the Compensation Committee (Dr. J. Howard Conduff, Jr., Chair; Bryan L. Edwards, Vice Chair; Jacky K. Anderson; Thomas M. Jackson, Jr.; Frank A. Stewart). The committee met three times in 2024 and sets guidelines for executive compensation reported to the full Board .

Performance Compensation

• No disclosure located tying Cockerham’s incentives (bonus/RSUs/options) to explicit financial or operating metrics (e.g., revenue, EBITDA, TSR) in the 2023–2025 DEF 14A or 10-K materials reviewed .

Equity Ownership & Alignment

• The FY 2024 and FY 2025 10-K “Security Ownership of Certain Beneficial Owners and Management” tables enumerate directors and named executive officers (including the CEO, Jonathan L. Kruckow, and Beth R. Worrell) and group totals; Cockerham is not among the listed beneficial owners in those tables. Group total holdings were 444,256 (FY 2023) and 519,544 (FY 2024) shares including unvested awards for the enumerated officers/directors .
• External 5% holder: Fourthstone LLC reported 548,012 shares (~9.70–9.85% depending on outstanding shares) per Schedule 13G referenced by SLBK .

Employment Terms

• Company disclosures detail employment and change-in-control economics for other executives: CEO employment agreement (initial $285,000 base; severance equal to remainder of term or up to 18 months if terminated without cause; 2.99x salary+highest bonus post-change-in-control; 24-month non-compete/non-solicit), and change-in-control agreements for EVPs Jonathan L. Kruckow and Beth R. Worrell (2x base if terminated within 12 months post-CIC; 12-month non-compete/non-solicit) . No individual employment or CIC agreement for Cockerham is disclosed in the sections reviewed.

Investment Implications

• Compensation alignment and insider-trading signals: Absence of proxy-level pay tables or Form 4 access in the reviewed period limits direct pay-for-performance assessment and short-term selling pressure analysis for Cockerham. Monitoring future proxies and Form 4 filings would be necessary to assess incentives, vesting, and potential selling pressure .
• Retention and execution: Biography and scope suggest operational execution responsibility for retail distribution, with demonstrated branch footprint expansion from 22 to 28 locations through FY 2025. Execution risk appears tied to maintaining deposit growth and branch productivity, but no individual incentive metrics are disclosed to gauge alignment .
• Governance oversight: Compensation Committee structure and regular meetings indicate board-level oversight of executive pay policies; however, without award details for Cockerham, investors should triangulate performance via operating KPIs and company-level outcomes while engaging management on individual incentive structures .