Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 22, 2023, the Board of Directors of American National Bankshares Inc. (the "Company") announced the upcoming retirement of its Board Chair. Charles H. Majors will retire as a director and Chair of the Board of the Company and American National Bank and Trust Company (the "Bank") effective at the conclusion of the Company's Annual Meeting of Shareholders on May 16, 2023. Mr. Majors' decision to retire is not the result of any disagreement with the Company or the Bank regarding their respective operations, policies or practices.

A copy of the press release announcing the retirement of the Company's Board Chair, new Board leadership and nominees, and executive promotions is attached to this report as Exhibit 99.1 and is incorporated by reference into this Item 5.02.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.



Exhibit No.   Description
   99.1         Press release, dated March 22, 2023.
    104       Cover Page Interactive Data File (embedded within the Inline XBRL
              document).



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