Norwood Financial annual meeting re-elects four directors, approves say-on-pay every 3 years

NORWOOD FINANCIAL CORP

Directors Adams, Lamont, Phillips, Gifford re-elected; auditor Snodgrass ratified.
Non-binding executive compensation resolution approved; advisory vote frequency set at 3 years.
CEO cited record 2022 earnings of $29.2M; Q1 2023 EPS $0.71 on $5.8M net income.
Total assets $2.1B, loans $1.5B, deposits $1.8B as of March 31, 2023.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

NORWOOD FINANCIAL CORP shareholders approved Ratification of appointment of S.R. Snodgrass, P.C. as independent auditors for the fiscal year ending December 31, 2023 at the 2023-04-25 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-04-25

Exact text from the filing

Ratification of appointment of S.R. Snodgrass, P.C. as independent auditors for the fiscal year ending December 31, 2023; For Against Abstain 5,822,089 13,130 240,405

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

NORWOOD FINANCIAL CORP shareholders approved Election of Directors at the 2023-04-25 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-04-25

Exact text from the filing

Election of Directors; Nominee For Withheld Broker Non-Vote Joseph W. Adams 4,047,735 250,427 1,777,462 Kevin M. Lamont 3,868,101 430,061 1,777,462 Dr. Kenneth A. Phillips 3,834,066 464,096 1,777,462 Jeffrey S. Gifford 4,121,786 176,376 1,777,462

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

NORWOOD FINANCIAL CORP shareholders approved Approval of non-binding resolution on executive compensation at the 2023-04-25 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-04-25

Exact text from the filing

Approval of non-binding resolution on executive compensation; For Against Abstain Broker Non-Vote 3,455,075 523,762 318,740 1,777,462

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

NORWOOD FINANCIAL CORP shareholders approved Whether advisory votes on executive compensation should occur every one, two or three years at the 2023-04-25 meeting.

Proposal: say on pay frequency
Outcome: passed
Meeting: 2023-04-25

Exact text from the filing

Whether advisory votes on executive compensation should occur every one, two or three years; One Year Two Years Three Years Abstain Broker Non-Vote 1,719,912 142,505 2,297,272 138,118 1,777,462

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48 shareholder votes filed in the last 30 days. Browse all shareholder votes →

NORWOOD FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001193125-23-124513

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