8-K filed November 9, 2022, 6:59 PM ET ticker CCNE CIK 0000736772

leadership confidence high sentiment neutral materiality 0.60

CNB Financial CEO Bower to retire from board Dec 31; Peduzzi appointed to board

CNB FINANCIAL CORP/PA

Joseph B. Bower, Jr. notified retirement from CNB and CNB Bank boards, effective Dec 31, 2022; no disagreement.
Michael Peduzzi appointed to CNB board effective Jan 1, 2023; will also succeed Bower as CEO on Dec 31, 2022.
Peduzzi is currently VP of CNB, President/CEO of CNB Bank, and a licensed CPA with 34+ years experience.
Peduzzi previously appointed to CNB Bank board and will continue serving; no arrangements or related-party transactions noted.

item 5.02 item 9.01

Executive movements

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

Appointed

Michael Peduzzi

Director

CCNE · CNB FINANCIAL CORP/PA

Effective: 2023-01-01
Filed: November 9, 2022, 6:59 PM ET

On November 8, 2022, the Board of Directors of the Corporation appointed Michael Peduzzi to the Board of Directors of the Corporation, effective January 1, 2023.

Appointed

Michael Peduzzi

President and Chief Executive Officer

CCNE · CNB FINANCIAL CORP/PA

Effective: 2022-12-31
Filed: November 9, 2022, 6:59 PM ET

Mr. Peduzzi currently serves as Vice President of the Corporation as well as President and Chief Executive Officer of the Bank and will succeed Mr. Bower as President and Chief Executive Officer of the Corporation upon his retirement.

Departed

Joseph B. Bower, Jr.

President and Chief Executive Officer

CCNE · CNB FINANCIAL CORP/PA

Effective: 2022-12-31
Successor: Michael Peduzzi
Filed: November 9, 2022, 6:59 PM ET

The Corporation previously announced that Mr. Bower will retire from his position as President and Chief Executive Officer of the Corporation effective December 31, 2022.

Departed

Joseph B. Bower, Jr.

Director

CCNE · CNB FINANCIAL CORP/PA

Effective: 2022-12-31
Successor: Michael Peduzzi
Filed: November 9, 2022, 6:59 PM ET

notified the Corporation of his intention to retire from the Board of Directors of the Corporation and the Bank, effective December 31, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Peduzzi was appointed as Director at CNB FINANCIAL CORP/PA.

Action: appointed
Role: Director

Exact text from the filing

On November 8, 2022, the Board of Directors of the Corporation appointed Michael Peduzzi to the Board of Directors of the Corporation, effective January 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Peduzzi was appointed as President and Chief Executive Officer at CNB FINANCIAL CORP/PA.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Mr. Peduzzi currently serves as Vice President of the Corporation as well as President and Chief Executive Officer of the Bank and will succeed Mr. Bower as President and Chief Executive Officer of the Corporation upon his retirement.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph B. Bower, Jr. retired as President and Chief Executive Officer at CNB FINANCIAL CORP/PA.

Action: retired
Role: President and Chief Executive Officer

Exact text from the filing

The Corporation previously announced that Mr. Bower will retire from his position as President and Chief Executive Officer of the Corporation effective December 31, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph B. Bower, Jr. retired as Director at CNB FINANCIAL CORP/PA.

Action: retired
Role: Director

Exact text from the filing

notified the Corporation of his intention to retire from the Board of Directors of the Corporation and the Bank, effective December 31, 2022.

View on SEC.gov

CNB FINANCIAL CORP/PA filing history →

Source: SEC EDGAR

accession 0001193125-22-281201

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