CNB Financial Updates Registered Securities on NASDAQ
Ticker: CCNEP · Form: 8-K · Filed: Feb 13, 2024 · CIK: 736772
| Field | Detail |
|---|---|
| Company | Cnb Financial Corp/Pa (CCNEP) |
| Form Type | 8-K |
| Filed Date | Feb 13, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.175 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, security-listing, corporate-governance
TL;DR
**CNB Financial just confirmed its common and preferred stock are listed on NASDAQ.**
AI Summary
CNB Financial Corporation filed an 8-K on February 13, 2024, to update its registered securities with the SEC. The filing specifically lists its Common Stock (trading symbol CCNE) and Depositary Shares (trading symbol CCNEP), which represent a 1/40th interest in 7.125% Series A Non-Cumulative, perpetual preferred stock, both registered on The NASDAQ Stock Market LLC. This matters to investors because it confirms the company's primary listings and the types of securities available for trading, ensuring transparency and compliance for shareholders.
Why It Matters
This filing confirms CNB Financial's active listing of its common and preferred stock on NASDAQ, providing transparency and liquidity for investors.
Risk Assessment
Risk Level: low — This 8-K is a routine administrative filing confirming existing security registrations and does not introduce new financial risks.
Analyst Insight
Investors should note this filing as a routine compliance update, confirming the listing details of CNB Financial's common and preferred stock on NASDAQ, which is important for trading and liquidity. No immediate action is suggested based solely on this administrative filing.
Key Numbers
- 1/40th — interest in preferred stock (each Depositary Share represents a 1/40th interest in a share of preferred stock)
- 7.125% — preferred stock dividend rate (the non-cumulative, perpetual preferred stock has a 7.125% dividend rate)
Key Players & Entities
- CNB FINANCIAL CORPORATION (company) — the registrant filing the 8-K
- The NASDAQ Stock Market LLC (company) — the exchange where CNB Financial's securities are registered
- CCNE (other) — trading symbol for Common Stock
- CCNEP (other) — trading symbol for Depositary Shares
- 7.125% (dollar_amount) — dividend rate for Series A Non-Cumulative, perpetual preferred stock
FAQ
What is the purpose of this 8-K filing by CNB Financial Corporation?
The purpose of this 8-K filing, dated February 13, 2024, is to report 'Other Events' and 'Financial Statements and Exhibits,' specifically detailing the securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934.
Which specific securities of CNB Financial Corporation are listed in this filing?
The filing lists two specific securities: 'Common Stock, no par value' with trading symbol CCNE, and 'Depositary Shares (each representing a 1/40th interest in a share of 7.125% Series A Non-Cumulative, perpetual preferred stock)' with trading symbol CCNEP.
On which exchange are CNB Financial Corporation's listed securities registered?
Both the Common Stock (CCNE) and the Depositary Shares (CCNEP) of CNB Financial Corporation are registered on The NASDAQ Stock Market LLC, as stated in the filing.
What is the dividend rate for the Series A Non-Cumulative, perpetual preferred stock mentioned in the filing?
The filing specifies that the Depositary Shares represent an interest in '7.125% Series A Non-Cumulative, perpetual preferred stock,' indicating a 7.125% dividend rate.
What is the Commission File Number for CNB Financial Corporation as stated in the 8-K?
The Commission File Number for CNB Financial Corporation is 001-39472, as indicated in the header information of the 8-K filing.
Filing Stats: 472 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-02-13 16:14:34
Key Financial Figures
- $0.175 — ) declared a quarterly cash dividend of $0.175 per share of common stock payable on Ma
Filing Documents
- ccne-20240213.htm (8-K) — 30KB
- ccne2-13x2499x1xcommondivi.htm (EX-99.1) — 5KB
- pressreleaselogo2a.gif (GRAPHIC) — 5KB
- 0000736772-24-000012.txt ( ) — 203KB
- ccne-20240213.xsd (EX-101.SCH) — 2KB
- ccne-20240213_def.xml (EX-101.DEF) — 6KB
- ccne-20240213_lab.xml (EX-101.LAB) — 30KB
- ccne-20240213_pre.xml (EX-101.PRE) — 18KB
- ccne-20240213_htm.xml (XML) — 4KB
01. Other Events
Item 8.01. Other Events. On February 13, 2024, the Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) declared a quarterly cash dividend of $0.175 per share of common stock payable on March 15, 2024 to common stock shareholders of record as of March 1, 2024. A copy of the press release announcing the dividend is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits d. Exhibits. Number Description 99.1 Press release of CNB Financial Corporation dated February 13, 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 Report to be signed on its behalf by the undersigned hereunto duly authorized. CNB Financial Corporation Date: February 13, 2024 By: /s/ Tito L. Lima Tito L. Lima Treasurer