Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 27

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 27
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 annual meeting of CNB shareholders or until their respective successors are elected; |

| 3. | the CNB incentive plan proposal; |

| 4. | the CNB say-on-pay proposal; |

| 5. | the CNB auditor ratification proposal; and |

| 6. | the CNB adjournment proposal, if necessary. |

Recommendation of CNB Board of Directors(Page 34) The CNB Board of Directors unanimously recommends that you vote “ FOR” the CNB share issuance proposal, “ FOR” each of the three CNB director nominees, “ FOR” the CNB incentive plan proposal, “ FOR” the CNB say-on-payproposal, “ FOR” the CNB auditor ratification proposal and “ FOR” the CNB adjournment proposal. Record Date; Outstanding Shares; Shares Entitled to Vote(Page 34) Only holders of record of CNB common stock at the close of business on the record date of , 2025 are entitled to notice of and to vote at the annual meeting. As of the record date, there were shares of CNB common stock outstanding, held of record by approximately shareholders. Quorum; Vote Required(Page 35) A quorum of CNB shareholders is necessary to hold a valid meeting. If the holders of at least a majority of the total number of shares of CNB common stock entitled to vote are present at the virtual annual meeting or represented by proxy at the annual meeting, a quorum will exist. Abstentions and broker non-voteswill be counted for purposes of determining whether a quorum is present.

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Assuming a quorum is present at the CNB annual meeting, the election of the CNB director nominees and the approval of each of the CNB share issuance proposal, the CNB incentive plan proposal, the CNB say-on-payproposal, the CNB auditor ratification proposal and the CNB adjournment proposal require the affirmative vote of a majority of the votes cast on such proposal. Abstentions and broker non-votes,if any, will have no effect on any of the proposals. Share Ownership of Management; Voting Agreements(Page 35) As of the record date, the directors and executive officers of CNB collectively held shares of CNB common stock, which represented approximately % of the outstanding shares of CNB common stock. Each of the directors and executive officers of CNB have entered into a voting agreement with ESSA, requiring each of them to vote all shares of CNB common