secwatch.observer — SEC 8-K summary
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Issuer:     CNB FINANCIAL CORP/PA (CCNE)
CIK:        0000736772
Form:       8-K
Filed at:   2021-09-03T23:59:59+00:00
Accession:  0001193125-21-265022
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736772/000119312521265022/0001193125-21-265022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736772/000119312521265022/d183480d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-265022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer