CNB Financial appoints Martin Griffith as SEVP & Chief of Community Banking

CNB FINANCIAL CORP/PA

Martin Griffith named Senior EVP and Chief of Community Banking effective Sept 1, 2021.
Base salary of $325,000; eligible for incentive compensation up to 40% of base.
Term through Dec 31, 2023 with automatic 12-month renewals.
Severance: 2.5x base salary plus 2.5x average of prior 3-year bonuses upon without-cause termination or good reason after change in control.
Non-compete covenant for 24 months following termination.

item 5.02 item 9.01

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Appointed

Martin T. Griffith

Senior Executive Vice President and Chief of Community Banking

CCNE · CNB FINANCIAL CORP/PA

Effective: 2021-09-01
Filed: September 3, 2021, 7:59 PM ET

who, effective September 1, 2021, is the Senior Executive Vice President and Chief of Community Banking of the Corporation and the Bank.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Martin T. Griffith was appointed as Senior Executive Vice President and Chief of Community Banking at CNB FINANCIAL CORP/PA.

Action: appointed
Role: Senior Executive Vice President and Chief of Community Banking

Exact text from the filing

who, effective September 1, 2021, is the Senior Executive Vice President and Chief of Community Banking of the Corporation and the Bank.

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Source: SEC EDGAR

accession 0001193125-21-265022

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