secwatch.observer — SEC 8-K summary
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Issuer:     FNCB Bancorp, Inc. (—)
CIK:        0001035976
Form:       8-K
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0001437749-24-021644
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FNCB completes merger with Peoples Financial; FNCB stock to be delisted
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- Effective July 1, 2024, each FNCB share converted into 0.1460 shares of Peoples common stock; total consideration ~2.94M Peoples shares.
- FNCB common stock will be delisted from Nasdaq; deregistration to follow via Form 15.
- All FNCB directors and officers resigned; new board has 8 directors from each company; Louis DeNaples Sr. appointed Vice Chairman.
- FNCB Bank sold $3.0M of Peoples subordinated debt to Louis DeNaples Sr. and JJS Family Partnership at face value, approved by audit committee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035976/000143774924021644/0001437749-24-021644-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035976/000143774924021644/fncb20240628_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-021644

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