---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-281201"
form_type: "8-K"
ticker: "CCNE"
cik: "0000736772"
company_name: "CNB FINANCIAL CORP/PA"
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T02:19:50.275327+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-281201
- form_type: 8-K
- ticker: CCNE
- cik: 0000736772
- company_name: CNB FINANCIAL CORP/PA
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/736772/000119312522281201/0001193125-22-281201-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/736772/000119312522281201/d409585d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-281201
- JSON: https://secwatch.observer/filing/0001193125-22-281201.json
- Plain text: https://secwatch.observer/filing/0001193125-22-281201.txt

## Key facts
- Executive change
  Michael Peduzzi was appointed as Director at CNB FINANCIAL CORP/PA.
  - Action: appointed
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/736772/000119312522281201/0001193125-22-281201-index.htm
- Executive change
  Michael Peduzzi was appointed as President and Chief Executive Officer at CNB FINANCIAL CORP/PA.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/736772/000119312522281201/0001193125-22-281201-index.htm
- Executive change
  Joseph B. Bower, Jr. retired as President and Chief Executive Officer at CNB FINANCIAL CORP/PA.
  - Action: retired
  - Role: President and Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/736772/000119312522281201/0001193125-22-281201-index.htm
- Executive change
  Joseph B. Bower, Jr. retired as Director at CNB FINANCIAL CORP/PA.
  - Action: retired
  - Role: Director
  source text: notified the Corporation of his intention to retire from the Board of Directors of the Corporation and the Bank, effective December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/736772/000119312522281201/0001193125-22-281201-index.htm

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