Company: CCNE
Filing Date: 2025-03-03
Form Type: S-4/A
Source: 0001193125-25-044149
Chunk: 142

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-03
Form: S-4/A
Chunk 142
---
orum; Vote RequiredA quorum of ESSA shareholders is necessary to hold a valid meeting. If the holders of at least a majority of the total number of the issued and outstanding shares of ESSA common stock entitled to vote are present at the virtual special meeting or represented by proxy at the special meeting, a quorum will exist. Your shares will be counted towards the quorum only if you submit a valid proxy or vote online during the special meeting. Abstentions will be counted for purposes of determining whether a quorum is present. If there is no quorum, the holders of a majority of shares present at the virtual special meeting or represented by proxy may adjourn the special meeting to another date.Assuming a quorum is present at the ESSA special meeting, approval of each of the ESSA merger proposal, the ESSA compensation proposal and the ESSA adjournment proposal requires the affirmative vote of a majority of the votes cast on such proposal.Abstentions and brokernon-voteswill have no effect on any of the proposals.106
**Share Ownership of Management; Voting Agreements

As of the record date, the directors and executive officers of ESSA and their affiliates collectively owned 786,575 shares of ESSA common stock, which represented approximately 7.75% of the outstanding shares of ESSA common stock. Each of the directors and executive officers of ESSA, solely in their capacity as a shareholder of ESSA, has entered into a voting agreement with CNB requiring each of them to vote all shares of ESSA common stock beneficially owned by such person in favor of the ESSA merger proposal. As of the record date, these directors and executive officers of ESSA held 786,575 shares of ESSA common stock, which represented approximately 7.75% of the outstanding shares of ESSA common stock.

When considering the ESSA Board of Directors’ recommendation that you vote in favor of the ESSA merger proposal, you should be aware that the directors and executive officers of ESSA have interests in the merger that may be different from, or in addition to, the interests of shareholders of ESSA. See the section entitled “The Merger—Interests of Certain ESSA Directors and Executive Officers in the Merger” beginning on page 145.

Voting of Proxies

If you are an ESSA shareholder, the ESSA Board of Directors requests that you return the