---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-100766"
form_type: "8-K"
ticker: "CCNE"
cik: "0000736772"
company_name: "CNB FINANCIAL CORP/PA"
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T19:59:39.925177+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# CNB Financial shareholders approve charter amendment; elect four Class 3 directors

## Summary
- Charter amendment approved (12.7M for, 1.2M against) to grant Board concurrent bylaw amendment right with shareholder ratification of adverse changes.
- Four Class 3 directors elected: Michael Obi, Michael D. Peduzzi, Joel E. Peterson, Richard B. Seager; each received >12.7M votes for.
- Non-binding advisory vote on executive compensation approved (13.6M for, 224K against).
- Ratification of FORVIS, LLP as independent auditor for 2024 approved (15.8M for, 100K against).

## SEC filing metadata
- accession: 0001193125-24-100766
- form_type: 8-K
- ticker: CCNE
- cik: 0000736772
- company_name: CNB FINANCIAL CORP/PA
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/736772/000119312524100766/0001193125-24-100766-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/736772/000119312524100766/d796335d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-100766
- JSON: https://secwatch.observer/filing/0001193125-24-100766.json
- Plain text: https://secwatch.observer/filing/0001193125-24-100766.txt

## Key facts
- Governance Changes
  CNB FINANCIAL CORP/PA: Amended articles to grant Board concurrent right to amend bylaws, subject to shareholder ratification for adverse changes, and shareholder-only amendment/repeal of shareholder-adopted provisions (effective 2024-04-18).
  - Change: charter amendment
  - Effective: 2024-04-18
  source text: the shareholders of CNB Financial Corporation (the “Corporation”) voted, among other things, to approve an amendment (the “Charter Amendment”) to the Corporation’s Second Amended and Restated Articles of Incorporation (the “Articles of Incorporation”) to grant the Corporation’s Board of Directors (the “Board”) the concurrent right to amend the Corporation’s Second Amended and Restated Bylaws (the “Bylaws”), provided that (i) shareholder ratification of any amendment to the Byalws that adversely affects the rights of shareholders is required before such amendment takes effect, (ii) any provision of the Bylaws amended or adopted by the Corporation’s shareholders may only be amended or repealed by the shareholders, and (iii) any provision of the Bylaws amended or adopted by the Board may be amended or repealed by the shareholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/736772/000119312524100766/0001193125-24-100766-index.htm
- Governance Changes
  CNB FINANCIAL CORP/PA: Amended bylaws to reflect Board's concurrent right to amend bylaws consistent with the charter amendment (effective 2024-04-18).
  - Change: bylaw amendment
  - Effective: 2024-04-18
  source text: Following approval of the Charter Amendment by the Corporation’s shareholders, on April 16, 2024, the Board approved an amendment to the Bylaws to reflect the Board’s concurrent right to amend the Bylaws (the “Bylaws Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/736772/000119312524100766/0001193125-24-100766-index.htm
- Shareholder Votes
  CNB FINANCIAL CORP/PA shareholders approved Approval of amendment to Articles of Incorporation to grant concurrent right to amend Bylaws at the 2024-04-16 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2024-04-16
  source text: At the Annual Meeting, the Corporation’s shareholders voted to approve the Charter Amendment, as described above in
  evidence_url: https://www.sec.gov/Archives/edgar/data/736772/000119312524100766/0001193125-24-100766-index.htm
- Shareholder Votes
  CNB FINANCIAL CORP/PA shareholders approved Election of Class 3 Directors at the 2024-04-16 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2024-04-16
  source text: The following persons were duly elected as Class 3 directors, to serve until the Corporation’s 2027 Annual Meeting of Shareholders: Michael Obi Michael D. Peduzzi Joel E. Peterson Richard B. Seager
  evidence_url: https://www.sec.gov/Archives/edgar/data/736772/000119312524100766/0001193125-24-100766-index.htm

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