Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 239

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 239
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 has been either declared of unsound mind by an order of a court of competent jurisdiction, convicted of a felony or of an offense punishable by imprisonment for a term of more than one year by a court of competent jurisdiction, or deemed liable by a |

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#### CNBESSAfor a term of more than one year or if, within 60 days after notice of his or her selection, the director does not accept the office either in writing or by attending a meeting of the board of directors. Additionally, CNB’s bylaws permit the board of directors to remove a fellow director upon atwo-thirds(2/3) majority vote for conduct or circumstances detrimental to the best interests of CNB.court of competent jurisdiction for gross negligence or misconduct in the performance of such director’s duties to ESSA.Filling Board VacanciesCNB’s bylaws provide that vacancies in the board of directors, including vacancies resulting from an increase in the number of directors, may be filled by a majority vote of the remaining members of the board of directors though less than a quorum, or by a sole remaining director, and each person so selected shall be a director to serve until the next annual meeting of shareholders, at which time he or she shall stand separately for election to serve out the term to which he or she has been appointed.ESSA’s articles of incorporation provide that any vacancy occurring in the board of directors, including any vacancy created by reason of an increase in the number of directors, shall be filled by a majority vote of the directors then in office, whether or not a quorum is present, or by a sole remaining director, and any director so chosen shall serve until the term of the class to which he was appointed shall expire and until his successor is elected and qualified.Nomination of DirectorCandidates byShareholdersCNB’s bylaws do not impose any procedural requirement for the nomination of candidates for election as directors.ESSA’s bylaws provide that shareholder nominations for directors must be made in writing to the secretary of ESSA not later than 120 days prior to the anniversary date of the initial proxy materials or a notice of the meeting by ESSA in connection with the immediately preceding annual meeting of shareholders of ESSA. The notice must set forth (i) the name and address of the shareholder who intends to make the nomination and of the person or persons to be nominated, (ii) the principal occupation or employment of the notifying shareholder and such person, (iii) the class and number of shares of capital stock of E