Norwood Financial names James Donnelly CEO; Q1 earnings record $7.1M ($0.87 EPS)

NORWOOD FINANCIAL CORP

2022-Q1 EPS reported $0.87 revenue$3,144,000

James Donnelly named President & CEO (eff. May 9); salary $425k, sign-on award of 3,000 restricted shares.
William W. Davis retired as Board Chairman; Lewis J. Critelli appointed Chairman of Norwood Financial and Wayne Bank.
Q1 2022 record earnings of $7.1M ($0.87 diluted EPS); total assets $2.1B, loans $1.4B, deposits $1.8B, equity $186.8M.
Stockholders approved amendment to 2014 Equity Incentive Plan increasing shares available by 100,000 shares.
Company has stock repurchase program for up to 5% of outstanding shares (~400,000 shares).

item 5.02 item 5.07 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

James O. Donnelly

President and Chief Executive Officer

NWFL · NORWOOD FINANCIAL CORP

Effective: 2022-05-09
Filed: April 29, 2022, 7:59 PM ET

On April 26, 2022, the Board of Directors of Norwood Financial Corp (the “Company”) appointed James O. Donnelly as President and Chief Executive Officer of the Company, and its wholly owned subsidiary, Wayne Bank (the “Bank”), effective as of May 9, 2022, his first day of employment with the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

James O. Donnelly was appointed as President and Chief Executive Officer at NORWOOD FINANCIAL CORP.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On April 26, 2022, the Board of Directors of Norwood Financial Corp (the “Company”) appointed James O. Donnelly as President and Chief Executive Officer of the Company, and its wholly owned subsidiary, Wayne Bank (the “Bank”), effective as of May 9, 2022, his first day of employment with the Company.

View on SEC.gov

NORWOOD FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001193125-22-130843

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.