Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 2

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 2
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, Inc.: On January 9, 2025, CNB Financial Corporation (“CNB”), a Pennsylvania corporation, CNB Bank, a Pennsylvania-chartered nonmember bank and CNB’s wholly-owned subsidiary (“CNB Bank”), ESSA Bancorp, Inc., a Pennsylvania corporation (“ESSA”), and ESSA Bank & Trust, a Pennsylvania-chartered stock savings bank and ESSA’s wholly-owned subsidiary (“ESSA Bank”), entered into an Agreement and Plan of Merger (the “merger agreement”) pursuant to which (i) ESSA will merge with and into CNB, with CNB as the surviving entity, and (ii) ESSA Bank will merge with and into CNB Bank, with CNB Bank as the surviving entity. CNB and ESSA are each holding a meeting for their respective shareholders to vote on the proposals necessary to complete the merger. The annual meeting of CNB shareholders will be held virtually on , 2025 at , Eastern time. The special meeting of ESSA shareholders will be held virtually on , 2025 at , Eastern time. At the annual meeting of CNB shareholders, CNB shareholders will be asked to consider and vote on (i) a proposal to approve the issuance of shares of CNB common stock in connection with the merger on the terms and conditions set forth in the merger agreement (the “CNB share issuance proposal”), (ii) the election to the CNB Board of Directors of the three Class 2 directors set forth in the enclosed joint proxy statement/prospectus to serve until the 2028 annual meeting of CNB shareholders or until their respective successors are elected, (iii) a proposal to approve the CNB Financial Corporation 2025 Omnibus Incentive Plan (the “CNB incentive plan proposal”), (iv) a non-binding advisoryresolution to approve the compensation of CNB’s named executive officers (the “CNB say-on-payproposal”), (v) a proposal to ratify the appointment of Forvis Mazars, LLP as CNB’s independent registered public accounting firm for the fiscal year ending December 31, 2025 (the “CNB auditor ratification proposal”), and (vi) a proposal to approve one or more adjournments of the CNB annual meeting, if necessary or appropriate, to permit further solicitation of proxies if there are insufficient votes at the time of the CNB annual meeting, or at an adjournment or postponement of that meeting, to approve the CNB share