Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 74

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 74
---
 received the written disclosures and the letter from Forvis Mazars, LLP required by applicable requirements of the Public Company Accounting Oversight Board regarding Forvis Mazars, LLP’s communications with the Audit Committee, and has discussed with Forvis Mazars, LLP their independence. Based on this, the Audit Committee recommended to the CNB Board of Directors that the audited financial statements be included in CNB Financial Corporation’s Annual Report on Form 10-Kfor the fiscal year ended December 31, 2024 for filing with the SEC. Submitted by the Audit Committee:

| Peter C. Varischetti, Committee Chairperson |     | Michael Obi       |     | Joel E. Peterson |
| Jeffrey S. Powell                           |     | Nicholas N. Scott |     |                  |

This report of the Audit Committee shall not be deemed incorporated by reference by any general statement incorporating by reference this joint proxy statement/prospectus into any filing under the Exchange Act and shall not be deemed filed under the Exchange Act. Executive Compensation and Personnel Committee The Executive Compensation and Personnel Committee of the CNB Board of Directors (the “ECC”) consists of the 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