---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-124513"
form_type: "8-K"
ticker: "NWFL"
cik: "0001013272"
company_name: "NORWOOD FINANCIAL CORP"
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:01:16.188203+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-124513
- form_type: 8-K
- ticker: NWFL
- cik: 0001013272
- company_name: NORWOOD FINANCIAL CORP
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013272/000119312523124513/0001193125-23-124513-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013272/000119312523124513/d472959d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-124513
- JSON: https://secwatch.observer/filing/0001193125-23-124513.json
- Plain text: https://secwatch.observer/filing/0001193125-23-124513.txt

## Key facts
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013272/000119312523124513/0001193125-23-124513-index.htm
- Shareholder Votes
  NORWOOD FINANCIAL CORP shareholders approved Election of Directors at the 2023-04-25 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-04-25
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013272/000119312523124513/0001193125-23-124513-index.htm
- Shareholder Votes
  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
  source text: Approval of non-binding resolution on executive compensation; For Against Abstain Broker Non-Vote 3,455,075 523,762 318,740 1,777,462
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013272/000119312523124513/0001193125-23-124513-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013272/000119312523124513/0001193125-23-124513-index.htm

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