Auburn National Bancorporation, Inc. Announces 2024 Annual Meeting of Shareholders

TL;DR

<b>Auburn National Bancorporation, Inc. will hold its 2024 Annual Shareholder Meeting on May 14, 2024, to elect 11 directors.</b>

AI Summary

AUBURN NATIONAL BANCORPORATION, INC (AUBN) filed a Proxy Statement (DEF 14A) with the SEC on April 3, 2024. The 2024 Annual Meeting of Shareholders for Auburn National Bancorporation, Inc. will be held on May 14, 2024, at 3:00 P.M. local time. The meeting will take place at the AuburnBank Center, 100 North Gay Street, Auburn, Alabama. Shareholders are invited to attend and vote their shares in person or by returning a completed proxy. The primary purpose of the meeting is the election of 11 nominees to serve on the Board of Directors for a one-year term. A reception for shareholders will be held prior to the meeting from 2:30 p.m. to 3:00 p.m.

Why It Matters

For investors and stakeholders tracking AUBURN NATIONAL BANCORPORATION, INC, this filing contains several important signals. Shareholders have the opportunity to directly influence the company's leadership by electing directors, which can impact strategic direction and governance. The meeting serves as a key forum for shareholder engagement, allowing for direct participation in corporate decision-making and review of the company's performance.

Risk Assessment

Risk Level: low — AUBURN NATIONAL BANCORPORATION, INC shows low risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting, with no immediate financial or operational risks indicated.

Analyst Insight

Shareholders should review the nominees for the Board of Directors and vote their shares to ensure their preferences are represented.

Key Numbers

• 11 — Director Nominees (Number of nominees for the Board of Directors)
• May 14, 2024 — Annual Meeting Date (Date of the Annual Meeting of Shareholders)
• 3:00 P.M. — Meeting Time (Time of the Annual Meeting of Shareholders)
• 2:30 p.m. to 3:00 p.m. — Reception Time (Time of the shareholder reception prior to the meeting)

Key Players & Entities

• AUBURN NATIONAL BANCORPORATION, INC (company) — Registrant name
• Robert W. Dumas (person) — Chairman of the Board
• May 14, 2024 (date) — Annual Meeting date
• 100 North Gay Street, Auburn, Alabama (location) — Meeting location

FAQ

Risk Factors

• Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC rules and regulations regarding proxy solicitations and annual meetings.
• Shareholder Participation [low — operational]: Ensuring sufficient shareholder participation and voting is crucial for the validity of the meeting's decisions.

Industry Context

Auburn National Bancorporation, Inc. operates within the commercial banking sector, a highly regulated industry focused on financial services and lending.

Regulatory Implications

As a publicly traded company, Auburn National Bancorporation, Inc. is subject to the oversight of the Securities and Exchange Commission (SEC) and must adhere to regulations governing proxy statements and shareholder meetings.

What Investors Should Do

1. Review the list of director nominees and their qualifications.
2. Vote on the election of directors, either in person or by proxy.
3. Attend the annual meeting to engage with company leadership and fellow shareholders.

Key Dates

• 2024-05-14: Annual Meeting of Shareholders — Election of Directors and other shareholder matters.

Year-Over-Year Comparison

This is a routine DEF 14A filing for the annual shareholder meeting, providing information on upcoming elections and meeting details.

Filing Documents

• d821238ddef14a.htm (DEF 14A) — 401KB
• g821238dsp053.jpg (GRAPHIC) — 159KB
• g821238dsp054.jpg (GRAPHIC) — 183KB
• g821238dsp1.jpg (GRAPHIC) — 19KB
• g821238g22a22.jpg (GRAPHIC) — 95KB
• g821238g22a33.jpg (GRAPHIC) — 104KB
• 0001193125-24-085801.txt (&nbsp;) — 1174KB

From the Filing

DEF 14A 1 d821238ddef14a.htm DEF 14A DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the RegistrantFiled by a party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 AUBURN NATIONAL BANCORPORATION, INC (Name of Registrant as Specified in its Charter) Not applicable. (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. April 3, 2024 TO OUR SHAREHOLDERS: You are cordially invited to attend the Annual Meeting of Shareholders of Auburn National Bancorporation, Inc., to be held at the AuburnBank Center, 100 North Gay Street, Auburn, Alabama, on May 14, 2024, at 3:00 P.M., local time (collectively, with any adjournments or postponements thereof, the Meeting). The Notice of Meeting, Proxy Statement and Proxy are enclosed. We hope you can attend and vote your shares in person. In any case, please complete the enclosed Proxy and return it to us. This action will ensure that your preferences will be expressed on the matters that are being considered. If you attend the Meeting, you may vote your shares in person even if you have previously returned your Proxy. Prior to the meeting, a reception will be held from 2:30 p.m. to 3:00 p.m. in the AuburnBank Center. We hope you can join us! We thank you for your support this past year, and we encourage you to review our Annual Report. If you have any questions about the Proxy Statement or the Annual Report, please call or write us. Sincerely, /s/ Robert W. Dumas Robert W. Dumas Chairman of the Board AUBURN NATIONAL BANCORPORATION, INC. NOTICE OF ANNUAL MEETING OF SHAREHOLDERS TO BE HELD MAY 14, 2024 Notice is hereby given that the 2024 Annual Meeting of Shareholders of Auburn National Bancorporation, Inc. (the Company) will be held at the AuburnBank Center, 100 North Gay Street, Auburn, Alabama on Tuesday, May 14, 2024, at 3:00 P.M., local time (collectively, with any adjournments or postponements thereof, the Meeting), for the following purposes: 1. Election of Directors. To elect 11 nominees to serve on the Board of Directors for a one-year term; 2. Advisory Vote on Executive Compensation . To approve, on a non-binding, advisory basis, the compensation of the Companys named executive officers as disclosed in the proxy statement that accompanies this notice; 3. Approval of 2024 Equity and Incentive Compensation Plan. To approve the 2024 Equity and Incentive Compensation Plan; 4. Ratification of Auditors. To ratify the appointment of Elliott Davis LLC as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2024; and 5. Other Business. To transact such other business as may properly come before the Meeting. Only shareholders of record at the close of business on March 18, 2024, are entitled to notice of and to vote at the Meeting. All shareholders, whether or not they expect to attend the Meeting in person, are requested to complete, date, sign and return the enclosed Proxy in the accompanying envelope. By Order of the Board of Directors, /s/ C. Wayne Alderman C. Wayne Alderman Secretary April 3, 2024 PLEASE COMPLETE, DATE, AND SIGN THE ENCLOSED PROXY AND RETURN IT PROMPTLY TO THE TRANSFER AGENT IN THE ENVELOPE PROVIDED. IF YOU ATTEND THE MEETING, YOU MAY VOTE IN PERSON BY WRITTEN BALLOT IF YOU WISH, EVEN IF YOU HAVE PREVIOUSLY RETURNED YOUR PROXY. IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE SHAREHOLDER MEETING TO BE HELD ON TUESDAY, MAY 14, 2024 THE PROXY STATEMENT AND ANNUAL REPORT TO SHAREHOLDERS ARE AVAILABLE AT WWW.AUBNPROXY.COM AND OUR COMPANYS WEBSITE WWW.AUBURNBANK.COM PROXY STATEMENT ANNUAL MEETING OF SHAREHOLDERS OF AUBURN NATIONAL BANCORPORATION, INC. TO BE HELD MAY 14, 2024 General This Proxy Statement is being furnished to shareholders of Auburn National Bancorporation, Inc. (the Company), a Delaware corporation registered as a bank holding company under the Bank Holding Company Act of 1956, as amended (the BHC Act), in connection with the solicitation of proxies by the Companys Board of Directors from holders of the outstanding shares of the Companys $.01 par value Common Stock (Common Stock) for the 2024 Annual Meeting of Shareholders of the Company (collectively, with any adjournments or postponements, the M

View Full Filing

View this DEF 14A filing on SEC EDGAR