---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-187738"
form_type: "8-K"
ticker: "NWFL"
cik: "0001013272"
company_name: "NORWOOD FINANCIAL CORP"
filed_at: "2022-07-05T23:59:59+00:00"
generated_at: "2026-06-24T21:09:57.614735+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Chairman Critelli retires as employee; signs consulting deal through Dec 2022 with $20K/mo retainer

## Summary
- Consulting agreement effective July 1 to Dec 31, 2022; extends $1,500/mo stipend through restricted period.
- Monthly retainer of $20,000 plus $1,500 for insurance and technology costs.
- Non-compete covers PA (Lackawanna, Luzerne, Monroe, Pike, Wayne) and NY (Delaware, Sullivan, Ontario, Otsego, Yates) counties.
- Critelli continues as director and receives director compensation and retirement benefits.

## SEC filing metadata
- accession: 0001193125-22-187738
- form_type: 8-K
- ticker: NWFL
- cik: 0001013272
- company_name: NORWOOD FINANCIAL CORP
- filed_at: 2022-07-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013272/000119312522187738/0001193125-22-187738-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013272/000119312522187738/d368337d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-187738
- JSON: https://secwatch.observer/filing/0001193125-22-187738.json
- Plain text: https://secwatch.observer/filing/0001193125-22-187738.txt

## Key facts
- Executive change
  Lewis J. Critelli retired as Chairman of the Board of Directors at NORWOOD FINANCIAL CORP.
  - Action: retired
  - Role: Chairman of the Board of Directors
  source text: As of June 30, 2022, Mr. Critelli retired as an employee of the Company and Wayne Bank, the Company’s wholly-owned subsidiary (the “Bank”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013272/000119312522187738/0001193125-22-187738-index.htm

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