---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-130843"
form_type: "8-K"
ticker: "NWFL"
cik: "0001013272"
company_name: "NORWOOD FINANCIAL CORP"
filed_at: "2022-04-29T23:59:59+00:00"
generated_at: "2026-06-26T02:23:18.582896+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001193125-22-130843
- form_type: 8-K
- ticker: NWFL
- cik: 0001013272
- company_name: NORWOOD FINANCIAL CORP
- filed_at: 2022-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013272/000119312522130843/0001193125-22-130843-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013272/000119312522130843/d328061d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-130843
- JSON: https://secwatch.observer/filing/0001193125-22-130843.json
- Plain text: https://secwatch.observer/filing/0001193125-22-130843.txt

## Key facts
- Executive change
  James O. Donnelly was appointed as President and Chief Executive Officer at NORWOOD FINANCIAL CORP.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013272/000119312522130843/0001193125-22-130843-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.