Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 222

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 222
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 its quarterly cash dividend from the record date established in the prior year’s quarter in a manner that is inconsistent with past practice; |

| • |     | amend its articles of incorporation or bylaws in a manner that would materially and adversely affect the holders of ESSA common stock, as prospective holders of CNB common stock, relative to other holders of CNB common stock; |

| • |     | enter into any contract with respect to, or otherwise agree or commit to do, any of these prohibited activities. |

CNB Shareholder Meeting CNB has agreed to use its best efforts to call, hold and convene a meeting of its shareholders within 40 days after the initial mailing of this joint proxy statement/prospectus to its shareholders to consider and vote on the approval of the issuance of CNB common stock in connection with the merger and any other matters required to be approved by its shareholders in order to consummate the merger in accordance with applicable law and the charter and bylaws of CNB. Additionally, the CNB Board of Directors has agreed to recommend that its shareholders vote to approve the issuance of CNB common stock in connection with the merger and not withhold, withdraw, amend or modify such recommendation in any manner adverse to ESSA or take any other action or make any other public statement inconsistent with such recommendation, except as and to the extent expressly permitted by merger agreement. ESSA Shareholder Meeting ESSA has agreed to use its best efforts to call, hold and convene a meeting of its shareholders within 40 days after the initial mailing of this joint proxy statement/prospectus to its shareholders to consider and vote on the approval of the merger agreement and any other matters required to be approved by its shareholders in order to consummate the merger in accordance with applicable law and the charter and bylaws of ESSA. Additionally, the ESSA Board of Directors has agreed to recommend that its shareholders vote to approve the merger agreement and not withhold, withdraw, amend or modify such recommendation in any manner adverse to CNB or take any other action or make any other public statement inconsistent with such recommendation, except as and to the extent expressly permitted by merger agreement. 163

No Solicitation ESSA has agreed that neither it nor any of its respective directors, officers, employees, investment bankers, financial advisors, attorneys, accountants and other agents retained by ESSA will, directly or indirectly:

| • |     | solicit, initiate, induce or knowingly encourage or take any action to facilitate the making of,