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CNB FINANCIAL CORPORATION

(CCNE)
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CNB FINANCIAL CORP/PA : Change in Directors or Principal Officers (form 8-K)

09/16/2021 | 04:08pm EDT

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On September 14, 2021, the Board of Directors of CNB Financial Corporation (the "Corporation"), the parent company of CNB Bank (the "Bank"), appointed Michael Obi, president of UBIZ Venture Capital and chief executive officer of Spectrum Global Solutions, to the Corporation's Board of Directors. Mr. Obi was appointed to the Bank's Board of Directors in March 2021. Mr. Obi's appointment is effective as of September 14, 2021.

Mr. Obi will serve on the Audit and Loan Committees of the Board of Directors of the Corporation.

Mr. Obi will be compensated as a non-employee director of the Corporation in accordance with the compensation policies described in the Corporation's Definitive Proxy Statement for the Corporation's 2021 Annual Meeting of Shareholders.

There were no arrangements or understandings between Mr. Obi and any other person pursuant to which he was selected as a director. Additionally, there has been no transaction nor are there any proposed transactions between the Corporation, the Bank and Mr. Obi that would require disclosure pursuant to Item 404(a) of Regulation S-K.

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© Edgar Online, source Glimpses

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Financials (USD)
Sales 2021 - - -
Net income 2021 51,4 M - -
Net Debt 2021 - - -
P/E ratio 2021 8,21x
Yield 2021 2,73%
Capitalization 420 M 420 M -
Capi. / Sales 2021 -
Capi. / Sales 2022 -
Nbr of Employees 626
Free-Float 95,8%
Chart CNB FINANCIAL CORPORATION
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Technical analysis trends CNB FINANCIAL CORPORATION
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 24,99 $
Average target price 28,67 $
Spread / Average Target 14,7%
EPS Revisions
Managers and Directors
Joseph B. Bower President, Chief Executive Officer & Director
Tito L. Lima CFO, Treasurer & Executive Vice President
Peter F. Smith Chairman
Deborah Dick Pontzer Independent Director
Jeffrey S. Powell Independent Director
Sector and Competitors