CVBF supplements merger proxy with disclosure updates and executive severance details

CVB FINANCIAL CORP

Three lawsuits filed in NY and CA alleging disclosure deficiencies; company deems claims meritless, provides supplemental disclosures.
Updated Heritage share count: 61,552,260 outstanding as of record date (previously 61,559,560).
Citizens and Heritage Bank will eliminate positions of five Heritage executives post-merger; offers extended to Shu and Warford.
Ms. Tam receives $300,000 retention award (vests 30 days post-conversion) and interim employment through July 3, 2026.
Piper Sandler fairness opinion tables updated with new comparable company and precedent transaction analyses.

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