Company: NWFL
Filing Date: 2025-10-08
Form Type: S-4/A
Source: 0001193125-25-234244
Chunk: 19

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-08
Form: S-4/A
Chunk 19
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’ common stock. The election deadline is the date specified in the election form and is the last day on which election forms will be accepted. If you do not send in the election form with your stock certificate(s) by the election deadline, you will be treated as though you had not made an election. Shares of PB Bankshares as to which no election is made with respect to the merger consideration shall be deemed to be non-electionshares. Non-electionshares will be deemed to be cash election shares to the extent necessary to have the total number of cash election shares equal the 20% aggregate cash limit. If less than all of the non-electionshares need to be treated as cash election shares, then a sufficient number of non-electionshares shall be deemed cash election shares and stock election Shares on a pro rata basis. To make an effective election, a PB Bankshares shareholder of record must submit a properly completed election form along with the stock certificate(s) to the exchange agent by the election deadline, which shall be as specified in the election form. Any election may be revoked or changed by the person submitting it by written notice to the exchange agent that is received by it prior to the election deadline, in which case all stock certificates will be promptly returned to the shareholder. After the election deadline, a shareholder who submits a properly completed election form along with the stock certificate(s) to the exchange agent will no longer be able to transfer the shares of PB Bankshares common stock. PB Bankshares shareholders are urged to carefully read and follow the instructions for completion of the election form and to submit the form, together with their stock certificates, in advance of the election deadline. Time of Completion (page 112) The merger will occur after the satisfaction of all the closing conditions, including the receipt of all regulatory and shareholder approvals and after the expiration of all regulatory waiting periods. As of the date of this joint proxy statement/ prospectus, the parties expect that the merger will be effective either in the fourth calendar quarter of 2025 or the first quarter of 2026. However, there can be no assurance as to when or if the merger will occur. The Special Meeting of PB Bankshares Shareholders (page 35) A special meeting of PB Bankshares shareholders will be held at PB Bankshares’ Administrative Office, located at 1570 Fruitville Pike, Suite 201, Lancaster, Pennsylvania on December 10, 2025, at 10:00 a.m., local time. We are holding the special meeting, for the following purposes: