CNB appoints three ESSA directors to board effective upon merger close

CNB FINANCIAL CORP/PA

Gary S. Olson, Robert C. Selig Jr., Daniel J. Henning appointed to CNB Board, effective at merger close.
Olson to serve 3-year term, Henning 2-year, Selig 1-year at 2026 annual meeting.
Bylaws amended to allow waiving mandatory retirement age for director appointments in business combinations.
Olson expected to receive health benefits continuation and a consulting agreement post-merger.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CNB FINANCIAL CORP/PA: Amended bylaws to allow the Board to grant waivers to the mandatory director retirement age for director appointments in connection with business combinations (effective 2025-07-15).

Change: bylaw amendment
Effective: 2025-07-15

Exact text from the filing

On July 15, 2025, the Board amended the CNB’s Third Amended and Restated Bylaws to provide the Board with the ability to grant waivers to the mandatory director retirement age solely for director appointments in connection with business combinations.

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CNB FINANCIAL CORP/PA filing history →

Source: SEC EDGAR

accession 0001193125-25-161874

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