# EDGAR Filing Document

**Accession Number:** 0000736772
**File Stem:** 0001193125-25-161874
**Filing Date:** 2025-7
**Character Count:** 8963
**Document Hash:** 633f6fa35df1aa52f496897d1d2e77dd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-161874.hdr.sgml**: 20250721

**ACCESSION NUMBER**: 0001193125-25-161874

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250715

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250721

**DATE AS OF CHANGE**: 20250721

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CNB FINANCIAL CORP/PA
- **CENTRAL INDEX KEY:** 0000736772
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 251450605
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39472
- **FILM NUMBER:** 251137313

**BUSINESS ADDRESS:**
- **STREET 1:** 1 SOUTH SECOND STREET
- **STREET 2:** P.O. BOX 42
- **CITY:** CLEARFIELD
- **STATE:** PA
- **ZIP:** 16830
- **BUSINESS PHONE:** 8147659621

**MAIL ADDRESS:**
- **STREET 1:** 1 SOUTH SECOND STREET
- **STREET 2:** P.O. BOX 42
- **CITY:** CLEARFIELD
- **STATE:** PA
- **ZIP:** 16830

?xml version='1.0' encoding='ASCII'? 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### WASHINGTON, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d)

#### of the Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported): July 15, 2025

## CNB FINANCIAL CORPORATION

#### (Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Pennsylvania** | **001-39472** | **25-1450605** |
| **(State or other jurisdiction**<br> **of incorporation)** | **(Commission**<br> **File Number)** | **(IRS Employer**<br> **Identification No.)** |

---

---

| | |
|:---|:---|
| **1 South Second Street** |  |
| **PO Box 42** |  |
| **Clearfield, Pennsylvania** | **16830** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

(814) 765-9621

#### (Registrant's telephone number, including area code)

#### Not Applicable

#### (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br> **symbol** | **Name of each exchange<br>on which registered** |
| Common Stock, no par value | CCNE | The NASDAQ Stock Market LLC |
| Depositary Shares (each representing a 1/40th interest in a share of 7.125% Series A Non-Cumulative, perpetual preferred stock) | CCNEP | The NASDAQ Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

---

| | |
|:---|:---|
| **Item 5.02.** | **Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**  |

---

As previously disclosed, on January 9, 2025, CNB Financial Corporation (the "Company" or "CNB") and CNB Bank, the Company's subsidiary bank ("CNB Bank"), entered into an Agreement and Plan of Merger (the "Merger Agreement") with ESSA Bancorp, Inc. ("ESSA") and ESSA Bank & Trust, ESSA's subsidiary bank ("ESSA Bank"), pursuant to which (i) ESSA will merge with and into CNB, with CNB being the surviving entity (the "Merger"), and (ii) ESSA Bank will merge with and into CNB Bank, with CNB Bank being the surviving entity (the "Bank Merger").

In accordance with the Merger Agreement, on July 15, 2025, the Board of Directors of CNB (the "Board") appointed Gary S. Olson, Robert C. Selig, Jr. and Daniel J. Henning (the "New Board Members") as directors, with such appointments to be effective as of the effective time of the Merger (the "Effective Time") and contingent upon each New Board Member's continued service as a member of the ESSA Board of Directors immediately prior to the Effective Time. The New Board Members were also appointed to the CNB Bank Board of Directors effective as of the effective time of the Bank Merger.

The New Board Members will serve on the Board until the 2026 annual shareholder meeting and, at such annual shareholder meeting, the Board will nominate each New Board Member for election to serve the following terms: (i) in the case of Mr. Olson, a three-year term, (ii) in the case of Mr. Henning, a two-year term and (iii) in the case of Mr. Selig, a one-year term.

Each of the New Board Members will be entitled to receive compensation for his service on the Board consistent with the Company's compensation for non-employee directors, as described under the heading "Compensation of CNB Directors" in the Company's Registration Statement on Form S-4, as amended, filed with the Securities and Exchange Commission on March 3, 2025. That description is incorporated by reference in this Item 5.02.

The Company expects to provide Mr. Olson with continuation of certain benefits, including health insurance benefits, following completion of the Merger. In addition, the Company expects to enter into an agreement with Mr. Olson pursuant to which he will provide certain consulting and advisory services. The Company will file a Current Report on Form 8-K to disclose the terms of such continuation of benefits and consulting agreement once they are finalized.

---

| | |
|:---|:---|
| **Item 5.03.** | **Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.**  |

---

On July 15, 2025, the Board amended the CNB's Third Amended and Restated Bylaws to provide the Board with the ability to grant waivers to the mandatory director retirement age solely for director appointments in connection with business combinations.

A copy of the amendment to the Third Amended and Restated Bylaws of CNB is filed as Exhibit 3.1 hereto, and is incorporated by reference in this Item 5.03.

---

| | |
|:---|:---|
| **Item 9.01.** | **Financial Statements and Exhibits.**  |

---

(d) <u>Exhibits</u> 

---

| | |
|:---|:---|
| **Exhibit**<br> **Number** | **Description** |
| 3.1 | [Amendment No. 1 to the Third Amended and Restated Bylaws of CNB Financial Corporation](d49006dex31.htm) |
| 104 | Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL) |

---

------

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **CNB FINANCIAL CORPORATION** | **CNB FINANCIAL CORPORATION** |
| July 21, 2025 |  |  |
|  | By: | /s/ Tito L. Lima |
|  |  | Tito L. Lima<br> Treasurer |

---

## Exhibit 3.1

**Exhibit 3.1** 

**AMENDMENT NO. 1** 

**TO THE THIRD AMENDED AND RESTATED BYLAWS OF** 

**CNB FINANCIAL CORPORATION** 

The Third Amended and Restated Bylaws of CNB Financial Corporation are hereby amended by deleting Article IV, Section 4.03(c) in its entirety and inserting the following in lieu thereof

"(c) <u>Term of office</u>.—Each director shall hold office until the expiration of the term for which he or she was selected and until a successor has been selected and qualified or until his or her earlier death, resignation or removal. Each director shall retire from service to the Board by tendering his or her resignation on or before attaining the age of 70; provided, however, that the Board may waive this requirement in its discretion solely in connection with director appointments made as part of, or in direct relation to, the completion of a business combination. A decrease in the number of directors shall not have the effect of shortening the term of any incumbent director."

Effective: July 15, 2025