# EDGAR Filing Document

**Accession Number:** 0000750686
**File Stem:** 0000750686-23-000110
**Filing Date:** 2023-3
**Character Count:** 9435
**Document Hash:** 9006168d014f83c76ae3341d30bfad97
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000750686-23-000110.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0000750686-23-000110

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230329

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CAMDEN NATIONAL CORP
- **CENTRAL INDEX KEY:** 0000750686
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **IRS NUMBER:** 010413282
- **STATE OF INCORPORATION:** ME
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13227
- **FILM NUMBER:** 23775330

**BUSINESS ADDRESS:**
- **STREET 1:** TWO ELM ST
- **CITY:** CAMDEN
- **STATE:** ME
- **ZIP:** 04843
- **BUSINESS PHONE:** 2072368821

**MAIL ADDRESS:**
- **STREET 1:** 2 ELM ST
- **CITY:** CAMDEN
- **STATE:** ME
- **ZIP:** 04843

?xml version="1.0" ? cac-20230329

**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): March 29, 2023** 

**Camden National Corporation**

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

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| | | | |
|:---|:---|:---|:---|
| **Maine** | **01-28190** | **01-28190** | **01-0413282** |
| **(State or other jurisdiction of incorporation)** | **(Commission File Number)** | **(Commission File Number)** | **(IRS Employer Identification No.)** |
| **Two Elm Street** | **Camden** | **Maine** | **04843** |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Address of principal executive offices)** | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Address of principal executive offices)** | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Address of principal executive offices)** | **(Zip Code)** |

---

**Registrant's telephone number, including area code: (207) 236-8821** 

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:

☐ 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))

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. □

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

Title of each class Trading Symbol(s) Name of each exchange on which registered <br> <u>Common Stock, without par value</u> <u>CAC</u> <u>The NASDAQ Stock Market LLC</u>

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| | |
|:---|:---|
| **Item 7.01** | **Regulation FD Disclosure.** |

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&nbsp;&nbsp;&nbsp;&nbsp; On March 29, 2023, Camden National Corporation (the "Company") issued a press release regarding actions being taken by the Company to further enhance and strengthen its overall corporate governance. The press release is attached as Exhibit 99.1 and is incorporated herein by reference.

The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities under that Section. Furthermore, the information contained in Exhibit 99.1 shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933.

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

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(d)&nbsp;&nbsp;&nbsp;&nbsp;The following exhibits are filed with this Report:

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| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Description</u> |
| <u>[99.1](exhibit991pressrelease32923.htm)</u> | <u>[Press release dated](exhibit991pressrelease32923.htm)[March 29](exhibit991pressrelease32923.htm)[, 202](exhibit991pressrelease32923.htm)[3](exhibit991pressrelease32923.htm)[.](exhibit991pressrelease32923.htm)</u> |
| 101 | Cover Page Interactive Data - the cover page XBRL tags are embedded within the Inline XBRL document. |
| 104 | Cover Page Interactive Data File - Included in Exhibit 101. |

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**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 hereunto duly authorized.

Dated: March 29, 2023

---

| | |
|:---|:---|
| CAMDEN NATIONAL CORPORATION<br>(Registrant) | CAMDEN NATIONAL CORPORATION<br>(Registrant) |
| By: | /s/ MICHAEL R. ARCHER |
|  | Michael R. Archer<br>Chief Financial Officer and Principal Financial & Accounting Officer |

---

## Exhibit 99.1

![image1a.jpg](image1a.jpg)

CONTACT:

Renée Smyth

Executive Vice President

Chief Experience & Marketing Officer

Camden National Corporation

(800) 860-8821

<u>rsmyth@camdennational.bank</u> 

FOR IMMEDIATE RELEASE

**Camden National Corporation Announces Enhancements to Corporate Governance**

**CAMDEN, Maine, March 29, 2023 /PRNewswire/** -- In connection with the upcoming annual meeting of Camden National Corporation (NASDAQ®: CAC; "Camden National" or the "Company"), the Company announced two additional governance-related actions to strengthen overall corporate governance. These actions, combined with prior actions to expand and diversify the Board of Directors, are part of Camden National's long term commitment to maintaining strong corporate governance practices that benefit our shareholders.

"Over the past several months, the Governance Committee of the Board of Directors conducted an extensive review of our governance practices," said Lawrence J. Sterrs, Chair of the Board of Directors. "This review resulted in the previously announced expansion of the diversity of our board, in line with our Board approved Diversity Statement and today we are announcing a proposal to shareholders to declassify the terms of the Board of Directors and the establishment of a succession planning committee."

The Board will present for approval at the Annual Meeting of Shareholders to be held on May 23, 2023, a proposal to declassify the terms of the Board of Directors of the Company. As a Maine-based corporation, the transition to a non-classified board would be completed by 2025, at which time all directors would be subject to annual election.

"Although our president and CEO, Greg Dufour, has no immediate plans to retire, he will turn 63 years old in May," explained Sterrs. "The Board has established a temporary committee to assist in succession planning, including to identify a potential successor. Greg is an active participant with and supports the committee, which has engaged a nationally recognized executive recruiting firm to coordinate the search, including internal candidates."

"Camden National consistently plans for the long-term highlighted by strong and transparent governance," said Gregory A. Dufour, president and CEO of Camden National Corporation. "Leadership succession is critical for a board and our company, and I look forward to working with the committee as it will also allow me to consider my own personal plans and provide for a smooth succession over time."

"With Greg at the helm of the organization, supported by a strong executive team and the addition of a talented successor, Camden National will be well positioned for long-term success," concluded Sterrs.

The transition process is currently expected to extend into at least mid-2024.

Further information will be provided in Camden National Corporation's prelim DEF 14A Proxy Statement which will be available March 31, 2023.

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**About Camden National Corporation**

Camden National Corporation (NASDAQ®: CAC) is the largest publicly traded bank holding company in Northern New England with $5.7 billion in assets and was proudly listed as one of the Best Places to Work in Maine in 2021 and 2022. Founded in 1875, Camden National Bank is a full-service community bank dedicated to customers at every stage of their financial journey. With 24/7 live phone support, 58 banking centers, and additional lending offices in New Hampshire and Massachusetts, Camden National Bank offers the latest in digital banking, complemented by award-winning, personalized service. To learn more, visit CamdenNational.bank. Member FDIC. Equal Housing Lender.

Comprehensive wealth management, investment and financial planning services are delivered by Camden National Wealth Management.

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