Company: CCNE
Filing Date: 2025-03-05
Form Type: 424B3
Source: 0001193125-25-047258
Chunk: 75

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-05
Form: 424B3
Chunk 75
---
 following independent directors as defined by NASDAQ rules: Michael Obi (Committee Chairperson), Jeffrey S. Powell (Board Chairperson), Nicholas N. Scott, Francis X. Straub, III and Julie Young. The ECC met six times during 2024. See the section entitled “CNB Compensation Discussion and Analysis—Compensation Determination Process” beginning on page 73 for more information about the ECC. Corporate Governance/Nominating Committee The CGN Committee met three times during 2024. The CGN Committee consists of the following independent directors as defined by NASDAQ rules: Jeffrey Powell (Committee and Board Chairperson), Michael Obi, Joel E. Peterson, Deborah Dick Pontzer, and Richard B. Seager. The CGN Committee was established by resolution of the CNB Board of Directors and recommends to the CNB Board of Directors candidates for nomination for election to the CNB Board of Directors. CNB believes that the collective competence as reflected by the professional quality, focus and diversity of skills, experience, and perspective of the CNB Board of Directors have been a key driver of CNB’s success, and that the governance strength of the CNB Board of Directors is a competitive advantage. The CGN Committee has the 46

responsibility of reviewing and evaluating candidates for election or appointment to the CNB Board of Directors, and strategically thinking about board refreshment and succession planning, rather than simply reacting to isolated retirements. In anticipating board vacancies and potentially adding new directors, the CGN Committee evaluates, among other things, the CNB Board of Directors’ range of skills, education and experience, and diversity of professional backgrounds and expertise. In identifying candidates to join the CNB Board of Directors, the CGN Committee solicits input from a variety of sources, including but not limited to existing directors, advisory board members in its banking divisions, executive and senior management members, third-party firms that specialize in identifying potential candidates, and formal expressions of interest by individuals that have been communicated to the CGN Committee. Utilizing the selection criteria set forth below, the CGN Committee selects a prospective candidate and then conducts an interview in order to further evaluate the individual. Subsequent to the interview, the CGN Committee meets to determine whether to recommend the candidate to the CNB Board of Directors for election or appointment. The CNB Board of Directors, excluding all non-independentdirectors, either accepts or rejects the CGN Committee’s recommendation. The CGN Committee utilizes various selection criteria to evaluate a candidate for election or appointment