Submission of Matters to a Vote of Security Holders - Form 8-K

Item 5.07 Submission of Matters to a Vote of Security Holders.

On April 23, 2024, First Community Bankshares, Inc. (the "Company") held its annual shareholders' meeting. As of February 26, 2024, there were 18,487,596 issued and outstanding shares of Common Stock. A total of 14,455,162.26 shares of common stock were voted in person or by proxy, representing 78.19% of the shares entitled to be voted. At the meeting, the Company's shareholders: (i) elected the persons listed below under Proposal 1 to serve as directors of the Company for a term that will continue until the 2027 annual meeting of shareholders; (ii) approved under Proposal 2, the non-binding, advisory vote on executive compensation; and (iii) ratified under Proposal 3, the appointment of Crowe LLP as the Company's independent registered public accounting firm for 2024.

The following tables summarize voting results by the Company's shareholders.

Proposal 1: To elect two (3) directors to serve as members of the Board of Directors Class of 2027.

Proposal 2: Non-binding, advisory vote on executive compensation.

Proposal 3: To ratify the appointment of Crowe LLP as the Company's independent registered public accounting firm.