Citizens Financial Services Enters Change in Control Agreements
Ticker: CZFS · Form: 8-K · Filed: Jan 3, 2025 · CIK: 739421
| Field | Detail |
|---|---|
| Company | Citizens Financial Services Inc (CZFS) |
| Form Type | 8-K |
| Filed Date | Jan 3, 2025 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: change-in-control, corporate-governance
TL;DR
CFS signs change in control agreements effective 12/31.
AI Summary
Citizens Financial Services Inc. announced on December 31, 2024, that it has entered into change in control agreements. The filing, dated January 3, 2025, details these agreements which are effective as of December 31, 2024. The company is incorporated in Pennsylvania and its principal executive offices are located in Mansfield, PA.
Why It Matters
These agreements are crucial for executive stability and shareholder confidence during potential merger or acquisition scenarios.
Risk Assessment
Risk Level: low — The filing pertains to standard corporate governance and executive agreements, not immediate financial distress or significant operational changes.
Key Players & Entities
- CITIZENS FINANCIAL SERVICES INC (company) — Registrant
- Pennsylvania (location) — State of incorporation
- December 31, 2024 (date) — Effective date of agreements
- January 3, 2025 (date) — Filing date
FAQ
What is the effective date of the change in control agreements?
The change in control agreements are dated December 31, 2024, and are effective as of the same date.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted to the SEC on January 3, 2025.
What is the principal executive office address for Citizens Financial Services Inc.?
The principal executive office is located at 15 S MAIN ST, MANSFIELD, Pennsylvania 16933.
What is the SIC code for Citizens Financial Services Inc.?
The Standard Industrial Classification (SIC) code for Citizens Financial Services Inc. is 6022, which corresponds to STATE COMMERCIAL BANKS.
What is the SEC file number for Citizens Financial Services Inc.?
The SEC file number for Citizens Financial Services Inc. is 001-41410.
Filing Stats: 764 words · 3 min read · ~3 pages · Grade level 13 · Accepted 2025-01-03 16:09:33
Key Financial Figures
- $1.00 — ch registered Common Stock, Par Value $1.00 Per Share CZFS NASDAQ Capital Marke
Filing Documents
- changeincontrolagreements.htm (8-K) — 26KB
- cicrichards.htm (EX-10.1) — 102KB
- cicguillaume.htm (EX-10.2) — 102KB
- 0000739421-25-000005.txt ( ) — 410KB
- czfs-20241231.xsd (EX-101.SCH) — 4KB
- czfs-20241231_lab.xml (EX-101.LAB) — 21KB
- czfs-20241231_pre.xml (EX-101.PRE) — 16KB
- changeincontrolagreements_htm.xml (XML) — 4KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 10.1 Change in Control Agreement, dated December 31, 2024, by and between First Citizens Community Bank, Citizens Financial Services, Inc. and David Z. Richards, Jr. 10.2 Change in Control Agreement, dated December 31, 2024, by and between First Citizens Community Bank, Citizens Financial Services, Inc. and Stephen J. Guillaume 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. CITIZENS FINANCIAL SERVICES, INC. Date: January 3, 2025 By: /s/ Stephen J. Guillaume Stephen J. Guillaume Chief Financial Officer