Company: CCNE
Filing Date: 2025-04-16
Form Type: 8-K
Source: 0001193125-25-082845
Chunk: 2

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-04-16
Form: 8-K
Item: Item 5.07
Chunk 2
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Item 5.07.      Submission of Matters to a Vote of Security Holders  

On April 15, 2025, the Corporation held its Annual Meeting at which the Corporation’s shareholders considered the following proposals: (i) to approve the issuance of shares of the Corporation’s common stock pursuant to the Agreement and Plan of Merger (the “merger agreement”), by and among the Corporation, CNB Bank, ESSA Bancorp, Inc., and ESSA Bank & Trust, dated as of January 9, 2025, (ii) the election to the Board of three Class 2 directors to serve until the 2028 annual meeting of shareholders or until their respective successors are elected, (iii) to approve the 2025 Plan,(iv) a non-binding advisoryresolution to approve the compensation of the Corporation’s named executive officers, (v) to ratify the appointment of Forvis Mazars, LLP as the Corporation’s independent registered public accounting firm for the fiscal year ending December 31, 2025 and (vi) to approve one or more adjournments of the Annual Meeting, if necessary or appropriate, to permit further solicitation of proxies if there are insufficient votes at the time of the Annual Meeting, or at an adjournment or postponement of that meeting, to approve the proposal to issue shares of the Corporation’s common stock pursuant to the merger agreement. The proposals are described in detail in the Corporation’s definitive proxy statement for the Annual Meeting, which was filed with the SEC on March 3, 2025. The final results for the votes regarding each proposal are set forth below.

Vote to Approve the Issuance of Shares of Common Stock

At the Annual Meeting, the Corporation’s shareholders voted to approve the issuance of shares of the Corporation’s common stock pursuant to the merger agreement. The table below sets forth the voting results for this proposal:

   Votes For      Votes Against      Abstentions      Broker Non-Votes  
 ────────────────────────────────────────────────────────────────────────
  15,236,241            221,825           80,115             1,715,142  

Election of Class 2 Directors

At the Annual Meeting, the following persons were duly elected as Class 2 directors, to serve until the Corporation’s 2028 Annual Meeting of Shareholders or until their respective successors are elected:

                        Deborah Dick                      Nicholas N.                      Julie M. Young                  
                        Pontzer                           Scott                                                            
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