Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 101

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 101
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s with the interests of its shareholders. CNB’s executive compensation programs are designed to reward its NEOs for the achievement of short-term results and long-term growth that are consistent with enhancing shareholder value, while at the same time discouraging unnecessary or excessive risk-taking.

CNB is presenting the following proposal, which gives CNB shareholders the opportunity to endorse its compensation program for NEOs by voting for or against the following resolution. While the vote on the resolution is advisory in nature and therefore will not bind CNB or the CNB Board of Directors to take any particular action, the CNB Board of Directors intends to carefully consider the shareholder vote resulting from the proposal in making future decisions regarding CNB’s executive compensation program.

“RESOLVED, that the shareholders approve, on an advisory basis, the compensation of CNB’s NEOs, as disclosed in the Compensation Discussion and Analysis, the compensation tables, and the related narrative executive compensation disclosures contained in this joint proxy statement/prospectus.”

Vote Required for Approval

The affirmative vote of a majority of the votes cast on the proposal is required to approve (on a non-binding advisory basis) the CNB say-on-pay proposal. Abstentions and broker non-votes will have no effect on the outcome of the vote.

Recommendation of the CNB Board of Directors

THE CNB BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE CNB SAY-ON-PAY PROPOSAL.**

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CNB EXECUTIVE OFFICERS The following table sets forth information regarding CNB’s executive officers: CNB Financial Corporation:

| Name                     |     | Age as of    
 February 18, 
 2025         |    |     | Title                                                        |
|:-------------------------|:----|:-------------|---:|:----|:-------------------------------------------------------------|
| Michael D. Peduzzi       |     |              | 59 |     | President and Chief Executive Officer                        |
| Tito L. Lima             |     |              | 60 |     | Senior Executive V.P., Chief Financial Officer and Treasurer |
| Anna K. “Katie” Andersen |     |              | 44 |     | Secretary                                                    |
| Leanne D. Kassab         |     |              | 57 |     | Assistant Secretary                                          |

CNB Bank:

| Name                     |     | Age as of    
 February 18, 
 2025         |    |     | Title                                                           |
|