Mid Penn Bancorp adopts mandatory director retirement age of 72 and clarifies term limits

MID PENN BANCORP INC

Board approved mandatory retirement age of 72 for directors, effective January 24, 2024, with exceptions for extraordinary circumstances.
Second amendment clarifies director term limits; both amendments to Amended and Restated Bylaws approved January 24, 2024.
Amended and Restated Bylaws filed as Exhibit 3.1 to the Form 8-K.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

MID PENN BANCORP INC: Amended Article 10 to set mandatory retirement age at 72 and clarified director term limits (effective 2024-01-24).

Change: bylaw amendment
Effective: 2024-01-24

Exact text from the filing

The first amendment amends Article 10 of the Bylaws to set the mandatory retirement age at seventy-two (72), except in extraordinary circumstances. The second amendment clarifies the term limits for directors of the Company.

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Source: SEC EDGAR

accession 0000879635-24-000028

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