---
schema_version: "secwatch.filing_event.v1"
accession: "0000739421-22-000080"
form_type: "8-K"
ticker: "CZFS"
cik: "0000739421"
company_name: "CITIZENS FINANCIAL SERVICES INC"
filed_at: "2022-11-23T23:59:59+00:00"
generated_at: "2026-06-21T13:42:20.303593+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Citizens Financial Services adopts mandatory retirement age of 72 for board members

## Summary
- Board approved bylaw amendment on Nov 22, 2022, setting a director retirement age of 72.
- No person age 72 or older may be elected, reelected, appointed, or reappointed to the board.
- The change affects future director nominations and tenure for existing directors.

## SEC filing metadata
- accession: 0000739421-22-000080
- form_type: 8-K
- ticker: CZFS
- cik: 0000739421
- company_name: CITIZENS FINANCIAL SERVICES INC
- filed_at: 2022-11-23T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/739421/000073942122000080/0000739421-22-000080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/739421/000073942122000080/retirementage.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000739421-22-000080
- JSON: https://secwatch.observer/filing/0000739421-22-000080.json
- Plain text: https://secwatch.observer/filing/0000739421-22-000080.txt

## Key facts
- Governance Changes
  CITIZENS FINANCIAL SERVICES INC: Amended Bylaws to establish a mandatory retirement age of 72 for Board members, making individuals aged 72 or older ineligible for election or appointment (effective 2022-11-22).
  - Change: bylaw amendment
  - Effective: 2022-11-22
  source text: On November 22, 2022, the Board of Directors (the “Board”) of Citizens Financial Services, Inc. (the “Company”) approved and adopted an amendment (the “Bylaws Amendment”) to the Amended and Restated Bylaws of the Company to provide for a retirement age of seventy-two (72) for members of the Board by providing that no person will be eligible for election, reelection, appointment or reappointment to the Board if such person has reached seventy-two (72) years of age or older on or prior to such election, reelection, appointment or reappointment to the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/739421/000073942122000080/0000739421-22-000080-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.