leadership
confidence high
sentiment neutral
materiality 0.15
Director Snoke moves from Class B to Class A to rebalance Orrstown board classes
ORRSTOWN FINANCIAL SERVICES INC
- Glenn W. Snoke resigned as Class B director on March 13, 2023, and was immediately reappointed as Class A director.
- Move corrects board composition from 5-3-3 (B:A:C) to 4-4-3, as required by Articles of Incorporation.
- Snoke has served on the board since 1999; nominated for election as Class A at 2023 Annual Meeting.
- Compensation and committee assignments (Nominating, Compensation, ERM, Executive) unchanged.
- No family relationships or related-party transactions with Snoke per Item 404(a).