Auburn National Bancorporation Files 10-K/A Amendment

TL;DR

<b>Auburn National Bancorporation, Inc. has filed an amendment to its 2023 annual report, confirming its financial reporting compliance.</b>

AI Summary

AUBURN NATIONAL BANCORPORATION, INC (AUBN) filed a Amended Annual Report (10-K/A) with the SEC on April 12, 2024. Auburn National Bancorporation, Inc. filed an amendment (10-K/A) to its annual report for the fiscal year ended December 31, 2023. The company is incorporated in Delaware and its IRS Employer Identification No. is 63-0885779. Its principal executive offices are located at 100 N. Gay Street, Auburn, Alabama, 36830. The company's common stock, par value $0.01, is traded under the symbol AUBN on the NASDAQ Global Market. Auburn National Bancorporation, Inc. has confirmed it has filed all required reports for the preceding 12 months and has been subject to these filing requirements for the past 90 days.

Why It Matters

For investors and stakeholders tracking AUBURN NATIONAL BANCORPORATION, INC, this filing contains several important signals. This filing is an amendment to the previous 10-K, indicating potential corrections or additions to the original annual report, which could impact investor understanding of the company's financial position and performance. As a publicly traded company on NASDAQ, timely and accurate SEC filings are crucial for maintaining investor confidence and regulatory compliance, and this amendment ensures the completeness of their reporting.

Risk Assessment

Risk Level: low — AUBURN NATIONAL BANCORPORATION, INC shows low risk based on this filing. The filing is a routine amendment to an annual report, with no immediate red flags indicating significant new risks or negative developments.

Analyst Insight

Investors should review the specific changes made in this 10-K/A filing to understand any updated information regarding Auburn National Bancorporation's financial performance and disclosures.

Key Numbers

• 0-26486 — Commission File Number (SEC File Number)
• 63-0885779 — IRS Employer Identification No. (Tax Identification)
• 0.01 — Par Value (Common Stock Par Value)

Key Players & Entities

• AUBURN NATIONAL BANCORPORATION, INC (company) — Registrant Name
• AUBN (company) — Trading Symbol
• NASDAQ Global Market (company) — Exchange
• Delaware (company) — State of Incorporation
• 100 N. Gay Street, Auburn, Alabama, 36830 (company) — Principal Executive Offices Address
• 2023-12-31 (date) — Fiscal Year End
• 2024-04-12 (date) — Filing Date

FAQ

Industry Context

Auburn National Bancorporation, Inc. operates within the commercial banking sector, providing financial services to its customers.

Regulatory Implications

The company is subject to regulations under the Securities Exchange Act of 1934, requiring regular filings such as annual reports (10-K) and amendments.

What Investors Should Do

1. Review the specific amendments made in the 10-K/A filing for any material changes.
2. Monitor future filings for updates on the company's financial performance and strategic direction.
3. Assess the company's compliance with SEC reporting requirements.

Key Dates

• 2023-12-31: Fiscal Year End — Reporting period for the annual report.
• 2024-04-12: Filing Date — Date the 10-K/A amendment was filed with the SEC.

Year-Over-Year Comparison

This is an amendment (10-K/A) to the previously filed annual report for the fiscal year ended December 31, 2023.

Key Financial Figures

• $0.01 — ch Registered Common Stock , par value $0.01 AUBN NASDAQ Global Market Securi

Filing Documents

• d778249d10ka.htm (10-K/A) — 55KB
• d778249dex41.htm (EX-4.1) — 21KB
• d778249dex211.htm (EX-21.1) — 4KB
• d778249dex311.htm (EX-31.1) — 14KB
• d778249dex312.htm (EX-31.2) — 15KB
• d778249dex313.htm (EX-31.3) — 4KB
• d778249dex314.htm (EX-31.4) — 5KB
• d778249dex971.htm (EX-97.1) — 58KB
• 0001193125-24-094632.txt (&nbsp;) — 2479KB
• aubn-20231231.xsd (EX-101.SCH) — 93KB
• aubn-20231231_cal.xml (EX-101.CAL) — 109KB
• aubn-20231231_def.xml (EX-101.DEF) — 240KB
• aubn-20231231_lab.xml (EX-101.LAB) — 628KB
• aubn-20231231_pre.xml (EX-101.PRE) — 530KB
• d778249d10ka_htm.xml (XML) — 8KB

of this Form 10-K

Part III of this Form 10-K. Auditor Name: Elliott Davis, LLC Auditor Location: Greenville, South Carolina Auditor Firm ID: PCAOB 149 EXPLANATORY NOTE Auburn National Bancorporation, Inc. (the "Company") is filing this Amendment No. 1 on Form 10-K/A ( "Amendment No. 1") to amend the Company's Annual Report on Form 10-K for the year ended December 31, 2023, which was filed with the United States Securities and Exchange Commission (the "Commission") on March 14, 2024 (the "Company Form 10-K"). This Amendment No. 1 solely adds Exhibit 97.1 Policy Relating to Recovery of Erroneously Awarded Compensation and updates Item 15(b) and the List of Exhibits previously filed and the related hyperlinks in the originally filed Company Form 10-K to reflect the addition of Exhibit 97.1. The Company and its wholly owned subsidiary, AuburnBank, adopted their Erroneously Awarded Executive Incentive-Based Compensation Recovery Policy included as Exhibit 97.1 effective December 1, 2023 . PART IV ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES (b) Exhibits 3.1. Certificate of Incorporation of Auburn National Bancorporation, Inc. (incorporated by reference from Registrant's Form 10-Q dated June 30, 2002 (File No. 000-26486)). 3.2. Amended and Restated Bylaws of Auburn National Bancorporation, Inc., adopted as of November 13, 2007 (incorporated by reference from Registrant's Form 10-K dated March 31, 2008 (File No. 000-26486)). 4.1. Description of the Registrant's Securities 21.1 Subsidiaries of Registrant 31.1 Certification signed by Chief Executive Officer pursuant to SEC Rule 13a-14(a). 31.2 Certification signed by Chief Financial Officer pursuant to SEC Rule 13a-14(a). 31.3 Certification signed by the Chief Executive Officer pursuant to SEC Rule 13a-14(a). 31.4 Certification signed by the Chief Financial Officer pursuant to SEC Rule 13a-14(a). 97.1 Policy Relating to Recovery of Erroneously Awarded Compensation (included in

SIGNATURES

SIGNATURES Pursuant to the requirements of Section 13 or 15(d) 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, in the City of Auburn, State of Alabama, on April 12, 2024. AUBURN NATIONAL BANCORPORATION, INC. (Registrant) By: /S/ DAVID A. HEDGES David A. Hedges President and CEO

View Full Filing

View this 10-K/A filing on SEC EDGAR