Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 1.0
ACNB CORP: Amended bylaws to increase director share ownership requirement from 500 to 1,500 shares, replace gender-specific pronouns with gender-inclusive pronouns, and replace 'chairman' with 'chair' (effective 2024-02-20).
- Change
- bylaw amendment
- Effective
- 2024-02-20
Exact text from the filing
On February 20, 2024, the Board of Directors of ACNB Corporation (the "Corporation") amended Article II, Section 203 of the Bylaws of the Corporation increasing the minimum number of shares that a director must own to qualify for and serve on the Board of Directors from five hundred (500) shares of common stock to one thousand five hundred (1,500) shares of common stock. In addition, the Bylaws were amended to (1) replace all gender-specific pronouns with gender inclusive pronouns and (2) to replace all references to the title "chairman" with "chair".
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