FXNC

First National Corporation has entered into a definitive agreement with Touchstone Bankshares, Inc. Under the terms of the proposed transaction, Touchstone shareholders will receive 0.8122 shares of First National stock for each share of Touchstone stock.

Kuehn Law is investigating whether the Board of the target company:‍‍

1) acted to maximize shareholder value
2) failed to disclose material information
3) conducted a fair process

Notice to Shareholders:

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As shareholders, it's essential to understand the fiduciary duties of the Board of Directors. These duties ensure the Board acts in the best interest of the company and its shareholders.

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Directors' Fiduciary Duties

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1. Duty of Care

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Diligence: Make informed decisions by thoroughly reviewing information.

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Active Participation: Regularly attend and engage in board meetings.

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Expert Advice: Seek expert opinions when necessary.

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2. Duty of Loyalty

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Avoid Conflicts of Interest: Prioritize the company's interests over personal gain.

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Self-Dealing: Do not use the position for personal benefit.

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Confidentiality: Maintain the confidentiality of company information.

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3. Duty of Good Faith

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Honesty: Act with integrity in all decisions.

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Best Interests: Ensure actions are in the best interest of the company and shareholders.

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Fairness: Treat all shareholders fairly and equally.

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Your awareness and understanding of these duties are crucial in ensuring the Board acts responsibly and in the best interest of all shareholders.

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