secwatch.observer — SEC 8-K summary
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Issuer:     NORWOOD FINANCIAL CORP (NWFL)
CIK:        0001013272
Form:       8-K
Filed at:   2022-04-29T23:59:59+00:00
Accession:  0001193125-22-130843
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013272/000119312522130843/0001193125-22-130843-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013272/000119312522130843/d328061d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-130843

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