CB Financial Services, Inc. Files Definitive Proxy Statement

TL;DR

<b>CB Financial Services, Inc. has filed its Definitive Proxy Statement for the fiscal year 2023.</b>

AI Summary

CB Financial Services, Inc. (CBFV) filed a Proxy Statement (DEF 14A) with the SEC on April 5, 2024. CB Financial Services, Inc. filed a Definitive Proxy Statement on April 5, 2024. The filing covers the fiscal year ending December 31, 2023. The company is incorporated in Pennsylvania and operates in the State Commercial Banks sector (SIC 6022). The filing includes information related to equity awards granted in prior years and the current year. No filing fee was required for this statement.

Why It Matters

For investors and stakeholders tracking CB Financial Services, Inc., this filing contains several important signals. This filing is a standard requirement for public companies to inform shareholders about matters to be voted on at the annual meeting, including executive compensation and board elections. Shareholders should review the proxy statement to understand how their votes will impact the company's governance and executive compensation practices.

Risk Assessment

Risk Level: low — CB Financial Services, Inc. shows low risk based on this filing. The filing is a routine proxy statement, indicating no immediate significant financial or operational changes are being disclosed beyond standard corporate governance procedures.

Analyst Insight

Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to inform your voting decisions.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed Period of Report)
• 2024-04-05 — Filing Date (As of Date)

Key Players & Entities

• CB Financial Services, Inc. (company) — Registrant name
• 2024-04-05 (date) — Filing date
• 2023-12-31 (date) — Reporting period end date
• PA (location) — State of incorporation
• 6022 (industry) — Standard Industrial Classification
• 1934 Act (regulation) — SEC Act

FAQ

Industry Context

CB Financial Services, Inc. operates within the State Commercial Banks industry, providing financial services.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs proxy solicitations.

What Investors Should Do

1. Review the proxy statement for details on director nominees and their qualifications.
2. Examine the executive compensation section to understand pay structures and performance metrics.
3. Note any shareholder proposals and the company's recommendations.

Year-Over-Year Comparison

This is a DEF 14A filing, indicating a definitive proxy statement for the fiscal year 2023, following standard SEC reporting requirements.

Key Financial Figures

• $24,000 — consultation service was approximately $24,000. Nominating/Corporate Governance Comm

Filing Documents

• cbfv-20240404.htm (DEF 14A) — 603KB
• cbfv-20240404_g1.jpg (GRAPHIC) — 50KB
• cbfv-20240404_g2.jpg (GRAPHIC) — 2KB
• cbfv-20240404_g3.jpg (GRAPHIC) — 8KB
• cbfv-20240404_g4.jpg (GRAPHIC) — 3KB
• cbfv-20240404_g5.jpg (GRAPHIC) — 952KB
• cbfv-20240404_g6.jpg (GRAPHIC) — 264KB
• cbfv-20240404_g7.jpg (GRAPHIC) — 403KB
• cbfv-20240404_g8.jpg (GRAPHIC) — 223KB
• 0001605301-24-000013.txt (&nbsp;) — 5217KB
• cbfv-20240404.xsd (EX-101.SCH) — 1KB
• cbfv-20240404_htm.xml (XML) — 65KB

From the Filing

cbfv-20240404 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ____) Filed by the Registrant Filed 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 CB FINANCIAL SERVICES, INC. (Name of Registrant as Specified In Its Charter) N/A (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): 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 5, 2024 Dear Fellow Stockholder: The annual meeting of stockholders of CB Financial Services, Inc. (the "Company"), the holding company for Community Bank will be held at the Ralph J. Sommers, Jr. Operations Center of Community Bank, 600 EverGreene Drive, Waynesburg, Pennsylvania, on Wednesday, May 15, 2024, at 9:00 a.m., local time. The notice of annual meeting and proxy statement appearing on the following pages describe the formal business to be transacted at the meeting. Directors and officers of the Company, as well as representatives of FORVIS, LLP, the Company's independent registered public accounting firm, will be present to respond to appropriate questions from stockholders. It is important that your shares are represented at the meeting, regardless of the number of shares you own. To make sure your shares are represented, we urge you to vote by promptly completing and mailing the enclosed proxy card or by voting via the Internet or by telephone. Internet and telephone voting instructions appear on the enclosed proxy card. If you attend the meeting, you may vote in person even if you have previously mailed a proxy card or voted via the Internet or by telephone. Sincerely, Mark E. Fox John H. Montgomery Chairman of the Board President & Chief Executive Officer 5 100 North Market Street Carmichaels, Pennsylvania 15320 (724) 966-5041 NOTICE OF 2024 ANNUAL MEETING OF STOCKHOLDERS TIME AND DATE 9:00 a.m., local time, on Wednesday, May 15, 2024. PLACE Ralph J. Sommers, Jr. Operations Center of Community Bank, 600 EverGreene Drive, Waynesburg, Pennsylvania. ITEMS OF BUSINESS (1) To elect three directors to serve for a term of three years. (2) To approve the CB Financial Services, Inc. 2024 Equity Incentive Plan. (3) To ratify the appointment of FORVIS, LLP to serve as the independent registered public accounting firm for the fiscal year ending December 31, 2024. (4) To hold an advisory (non-binding) vote to approve the compensation of the named executive officers as disclosed in the accompanying proxy statement. (5) To transact such other business as may properly come before the meeting and any adjournment or postponement of the meeting. RECORD DATE In order to vote, you must have been a stockholder at the close of business on March 25, 2024. PROXY VOTING It is important that your shares be represented and voted at the meeting. You can vote your shares via the Internet, by telephone or by completing and returning the proxy card or voting instruction card sent to you. You can revoke your proxy at any time before its exercise at the meeting by following the instructions in the proxy statement. By Order of the Board of Directors, Elizabeth A. Calvario Corporate Secretary Carmichaels, Pennsylvania April 5, 2024 7 PROXY STATEMENT OF CB FINANCIAL SERVICES, INC. (Holding Company for Community Bank) GENERAL INFORMATION We are providing this proxy statement to you in connection with the solicitation of proxies by the Board of Directors of CB Financial Services, Inc. (the "Board") for the 2024 annual meeting of stockholders and for any adjournment or postponement of the meeting. In this proxy statement, we may also refer to CB Financial Services, Inc. as "CB Financial," the "Company," "we," "our" or "us" and to Community Bank as the "Bank." We are holding the 2024 annual meeting of stockholders at the Ralph J. Sommers, Jr. Operations Center of Community Bank, 600 EverGreene Drive, Waynesburg, Pennsylvania, on Wednesday, May 15, 2024, at 9:00 a.m., local time. This proxy statement and the enclosed proxy card are first being made available to stockholders of record beginning on or about April 5, 2024. IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE STOCKHOLDERS' MEETING TO BE HELD ON MAY 15, 2024 This proxy statement and the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as filed with the Securities and Exchange Commission, are available online at http://www.envisionreports.com/CBFV . I

View Full Filing

View this DEF 14A filing on SEC EDGAR