Company: CMTV
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001174947-25-000534
Chunk: 32

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 32
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 ages and current titles with the Company and the Bank are listed in the following table:

| Name and Age                | Current Position(s) with the Company and the Bank                                   |
| Christopher L. Caldwell, 59 | President, CEO and Director, Community Bancorp. and   Community National Bank       |
| Louise M. Bonvechio, 64     | Corporate Secretary and Treasurer, Community Bancorp. and Executive Vice President, |
|                             | CFO and Cashier, Community National Bank                                            |

Executive Officer Qualifications Additional information about Mr. Caldwell’s background, qualifications and years of service with the Company and the Bank is set forth above under the caption “PROPOSAL 1 – ELECTION OF DIRECTORS – Continuing Director and Nominee Qualifications.” Set forth below is additional information about the background and qualifications of the Company’s other executive officer: Louise Bonvechio– Louise became an executive officer of the Company in 2008 when she was appointed as its Treasurer. She served as a Senior Vice President of the Bank from 2011 until she was named as an Executive Vice President in 2019. She has served as the Bank’s CFO since 2008. In 2016, she was also appointed as Corporate Secretary of the Company and the Bank. During her 32 years with the Bank, she has held several other positions, including serving as the Bank’s Vice President and Cashier from 2004 to 2008 and as the Bank’s Controller from 2003 to 2008. Louise holds an Associate Degree in Accounting and has received diplomas in banking and finance, including from the New England School of Financial Studies at Babson College. In 2019 she completed the American Bankers Association Stonier Graduate School of Banking and earned a certificate of leadership from the Wharton School of Business. 21 COMPENSATION COMMITTEE REPORT The duties of the Company’s Compensation Committee include reviewing and making recommendations to the full Board of the Bank on all compensation and benefits issues relating to the CEO and other executive officers of the Bank. No separate compensation is paid to such individuals for their service as executive officers of the Company. In its 2024 mid-year review of executive officer compensation, the Compensation Committee recommended the following salary levels to bring all three executives to the peer median salary: CEO remained unchanged at $420,000, and the CFO increased from $257,250 to $270,000. Additionally, Mr. Caldwell was named President of the Bank in January 2024 and his salary was increased at that