CSB Bancorp, Inc. Announces 2024 Annual Meeting of Shareholders
Ticker: CSBB · Form: DEF 14A · Filed: Mar 15, 2024 · CIK: 880417
| Field | Detail |
|---|---|
| Company | Csb Bancorp, Inc. (CSBB) |
| Form Type | DEF 14A |
| Filed Date | Mar 15, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $1.2 billion, $1.0 billion, $695 million, $14.8 million, $4.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: Annual Meeting, Proxy Statement, Director Election, Auditor Ratification, Shareholder Vote
TL;DR
<b>CSB Bancorp, Inc. will hold its 2024 Annual Meeting on April 24, 2024, to elect directors and ratify auditors.</b>
AI Summary
CSB Bancorp, Inc. (CSBB) filed a Proxy Statement (DEF 14A) with the SEC on March 15, 2024. The 2024 Annual Meeting of Shareholders for CSB Bancorp, Inc. will be held on April 24, 2024, at 7:00 P.M. EDT. The meeting will take place at the Carlisle Inn, 4949 Walnut Street, Walnut Creek, OH 44687. Shareholders will vote on the election of two directors, Julian L. Coblentz and Eddie L. Steiner, for three-year terms expiring in 2027. The appointment of S.R. Snodgrass, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2024, will be ratified. The proxy statement also mentions reviewing highlights from the past year, noting The Commercial and Savings Bank's 145th year of operation.
Why It Matters
For investors and stakeholders tracking CSB Bancorp, Inc., this filing contains several important signals. Shareholders have the opportunity to vote on the composition of the board of directors, directly influencing the company's strategic direction and governance. The ratification of the independent auditor is a standard but crucial step in ensuring financial transparency and accountability to shareholders.
Risk Assessment
Risk Level: low — CSB Bancorp, 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 director nominees and the auditor appointment before voting at the April 24, 2024 meeting.
Key Numbers
- 2027 — Director Term Expiration (Julian L. Coblentz and Eddie L. Steiner nominated for terms expiring in 2027.)
- 2024 — Fiscal Year End (S.R. Snodgrass, P.C. appointed for the fiscal year ending December 31, 2024.)
- April 24, 2024 — Annual Meeting Date (Date of the 2024 Annual Meeting of Shareholders.)
- 7:00 P.M. EDT — Annual Meeting Time (Time of the 2024 Annual Meeting of Shareholders.)
- 145th — Anniversary (The Commercial and Savings Bank's 145th year of existence.)
Key Players & Entities
- CSB Bancorp, Inc. (company) — Registrant and filer of the proxy statement.
- Julian L. Coblentz (person) — Director nominee.
- Eddie L. Steiner (person) — Director nominee.
- S.R. Snodgrass, P.C. (company) — Proposed independent registered public accounting firm.
- Robert K. Baker (person) — Signed the letter to shareholders.
- The Commercial and Savings Bank (company) — Subsidiary of CSB Bancorp, Inc.
FAQ
When did CSB Bancorp, Inc. file this DEF 14A?
CSB Bancorp, Inc. filed this Proxy Statement (DEF 14A) with the SEC on March 15, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by CSB Bancorp, Inc. (CSBB).
Where can I read the original DEF 14A filing from CSB Bancorp, Inc.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by CSB Bancorp, Inc..
What are the key takeaways from CSB Bancorp, Inc.'s DEF 14A?
CSB Bancorp, Inc. filed this DEF 14A on March 15, 2024. Key takeaways: The 2024 Annual Meeting of Shareholders for CSB Bancorp, Inc. will be held on April 24, 2024, at 7:00 P.M. EDT.. The meeting will take place at the Carlisle Inn, 4949 Walnut Street, Walnut Creek, OH 44687.. Shareholders will vote on the election of two directors, Julian L. Coblentz and Eddie L. Steiner, for three-year terms expiring in 2027..
Is CSB Bancorp, Inc. a risky investment based on this filing?
Based on this DEF 14A, CSB Bancorp, Inc. presents a relatively low-risk profile. The filing is a routine proxy statement for an annual shareholder meeting, with no immediate financial or operational risks indicated.
What should investors do after reading CSB Bancorp, Inc.'s DEF 14A?
Shareholders should review the director nominees and the auditor appointment before voting at the April 24, 2024 meeting. The overall sentiment from this filing is neutral.
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 decisions made at the annual meeting.
Key Dates
- 2024-04-24: Annual Meeting of Shareholders — Shareholders will vote on director elections and auditor ratification.
- 2024-03-15: Filing Date — Date the definitive proxy statement was filed with the SEC.
Glossary
- Proxy Statement
- A document filed by a company with the SEC that contains information that shareholders need to vote on company matters. (Provides essential information for shareholders to make informed voting decisions at the annual meeting.)
Filing Stats: 4,678 words · 19 min read · ~16 pages · Grade level 10.2 · Accepted 2024-03-15 17:07:49
Key Financial Figures
- $1.2 billion — mplishments • Record Assets of $1.2 billion • Record Deposits of $1.0 bill
- $1.0 billion — 2 billion • Record Deposits of $1.0 billion • Net Loans of $695 million
- $695 million — of $1.0 billion • Net Loans of $695 million • Record Net Income of $14.8 m
- $14.8 million — million • Record Net Income of $14.8 million • Return on Average Assets of
- $4.0 million — rage Equity of 14.69% • Record $4.0 million in cash dividends to shareholders Sta
- $6.25 — were 2,664,967 common shares, par value $6.25 per share, of the Company outstanding a
Filing Documents
- csbb_def14a_2024_0315202.htm (DEF 14A) — 377KB
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- 0000950170-24-032306.txt ( ) — 1063KB
EXECUTIVE COMPENSATION AND OTHER INFORMATION
EXECUTIVE COMPENSATION AND OTHER INFORMATION 20 NONQUALIFIED DEFERRED COMPENSATION 20 PAY VERSUS PERFORMANCE DISCLOSURE 21 REPORT OF THE AUDIT COMMITTEE 21 PROPOSAL ONE — ELECTION OF DIRECTORS 22 PROPOSAL TWO — RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 23 INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FEES 24 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 24 COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION 24 INSIDER TRADING ARRANGEMENTS AND POLICIES 25 PROPOSALS BY SHAREHOLDERS FOR 2025 ANNUAL MEETING 25 SHAREHOLDER COMMUNICATION WITH BOARD OF DIRECTORS 25 OTHER BUSINESS 25 COMPANY OVERVIEW This Company Overview provides general information about CSB Bancorp, Inc., referred to as “CSB”, “the Company”, “we”, “us”, and “our” in this proxy statement, and highlights certain information contained elsewhere in this proxy statement. As it is only a summary, please refer to the entire proxy statement and the 2023 Annual Report to Shareholders before you vote. This proxy statement and the proxy card were first mailed on March 20, 2024, to shareholders entitled to vote their shares at the 2024 Annual Meeting. CSB conducts business primarily through its wholly owned subsidiary, The Commercial and Savings Bank of Millersburg, Ohio (the “Bank”). Our mission as an independent community bank is to provide high quality financial services through valued employees, thereby meeting the needs of customers and the diverse communities we serve, while generating profit and increasing value for our shareholders. The six core values by which we operate include Profit Responsibility ; Customer Service ; Valued Employees ; Honesty and Integrity in all our dealings; Enjoyment of work, life, and each other; and Growth of the Company and each employee. 2023 Key Accomplishments • Record Asse