ACNB Corp Files Amendment on Officer/Director Changes
Ticker: ACNB · Form: 8-K/A · Filed: Mar 21, 2024 · CIK: 715579
Sentiment: neutral
Topics: corporate-governance, officer-changes, director-changes
Related Tickers: ACNB
TL;DR
ACNB Corp amended its 8-K, updating director and officer info. Watch for details on compensation.
AI Summary
ACNB Corporation filed an amendment (8-K/A) on March 21, 2024, to its report originally dated March 15, 2024. The amendment pertains to the departure of a director, election of a new director, appointment of officers, and compensatory arrangements for certain officers. Specific details regarding the individuals involved and the exact nature of the compensatory arrangements are not provided in this excerpt.
Why It Matters
This filing provides updates on the corporate governance and executive structure of ACNB Corporation, which can impact investor confidence and strategic direction.
Risk Assessment
Risk Level: low — This is an amendment to a previous filing providing procedural updates on corporate governance, not a material financial event.
Key Players & Entities
- ACNB Corporation (company) — Registrant
- Pennsylvania (location) — State of incorporation
FAQ
What is the purpose of this 8-K/A filing?
This 8-K/A filing is an amendment to a previous report, specifically addressing the departure of a director, election of a director, appointment of officers, and compensatory arrangements for certain officers.
When was the original event reported?
The earliest event reported was on March 15, 2024.
When was this amendment filed?
This amendment was filed on March 21, 2024.
What is ACNB Corporation's state of incorporation?
ACNB Corporation is incorporated in Pennsylvania.
What is ACNB Corporation's principal executive office address?
The principal executive offices are located at 16 Lincoln Square, Gettysburg, PA 17325.
Filing Stats: 874 words · 3 min read · ~3 pages · Grade level 11.5 · Accepted 2024-03-21 08:15:12
Key Financial Figures
- $2.50 — ange On Which Registered Common Stock, $2.50 par value per share ACNB The NASDAQ Sto
Filing Documents
- acnb-20240315.htm (8-K/A) — 42KB
- formofacnbbankvariablecomp.htm (EX-99.3) — 20KB
- 0000715579-24-000048.txt ( ) — 187KB
- acnb-20240315.xsd (EX-101.SCH) — 2KB
- acnb-20240315_lab.xml (EX-101.LAB) — 21KB
- acnb-20240315_pre.xml (EX-101.PRE) — 12KB
- acnb-20240315_htm.xml (XML) — 3KB
02 Departure of Directors or Certain Officers; Election of Directors; Appointment of
ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On March 15, 2024, the Boards of Directors of ACNB Corporation (the "Corporation") and ACNB Bank (the "Bank"), upon the recommendation of the Compensation Committee of the Boards of Directors of the Corporation and the Bank, granted the following Executive Officers of ACNB Corporation, all of whom are employed by ACNB Bank, awards of restricted stock ("Variable Equity Awards") pursuant to the ACNB Bank Variable Compensation Plan and the ACNB Corporation 2018 Omnibus Stock Incentive Plan (the "Plans"). The form of ACNB Bank Variable Compensation Plan Restricted Stock Agreement for employees (the "Employee Award Agreement") sets forth the material terms of a Variable Equity Award including the applicable time-based vesting terms, the treatment of unvested shares of restricted stock upon termination of employment, and the forfeiture restrictions in the event the recipient's employment with ACNB Bank is terminated. Name Title Shares of Restricted Stock Awarded James P. Helt President & Chief Executive Officer 8,511.9048 Jason H. Weber Executive Vice President/Treasurer & Chief Financial Officer 3,714.2857 Douglas A. Seibel ACNB Bank Executive Vice President/Chief Lending & Revenue Officer 3,386.6213 Laurie L. Laub ACNB Bank Executive Vice President/Chief Credit and Operations Officer 3,537.4149 The Variable Equity Awards are subject to the terms of the Plans and the terms of each recipient's Employee Award Agreement. The ACNB Bank Variable Compensat
01 Financial Statements and Exhibits
ITEM 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit Number Description 99.1 ACNB Bank Variable Compensation Plan effective January 1, 2014, as amended. (Incorporated by reference to Exhibit 10.16 of the Registrant's Annual Report on Form 10-K for the year ended December 31, 2021, filed with the Commission on March 14, 2022.) 99.2 ACNB Corporation 2018 Omnibus Stock Incentive Plan. (Incorporated by reference to Exhibit A of the Registrant's Proxy Statement on Schedule 14A, filed with the Commission on March 27, 2018.) 99.3 Form of ACNB Bank Variable Compensation Plan Restricted Stock Agreement for Employees dated as of March 15, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned, thereunto duly authorized. ACNB CORPORATION (Registrant) Dated: March 21, 2024 /s/ Kevin J. Hayes Kevin J. Hayes Senior Vice President/ General Counsel, Secretary & Chief Governance Officer