ENB Financial Corp Announces Director Departure and COO Appointment
Ticker: ENBP · Form: 8-K · Filed: Jul 1, 2024 · CIK: 1437479
| Field | Detail |
|---|---|
| Company | Enb Financial Corp (ENBP) |
| Form Type | 8-K |
| Filed Date | Jul 1, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $337,500, m |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, officer-appointment
TL;DR
ENB Financial Corp swapped a director and appointed a new COO, David M. Glick.
AI Summary
On June 27, 2024, ENB Financial Corp reported the departure of director John R. Glick and the appointment of David M. Glick as a new director. The company also announced the election of David M. Glick as a Class II director and the appointment of David M. Glick as Chief Operating Officer. These changes are effective immediately.
Why It Matters
This filing indicates a shift in leadership and operational management at ENB Financial Corp, with a new COO and director taking on key roles.
Risk Assessment
Risk Level: low — The filing details routine corporate governance changes and officer appointments without any indication of financial distress or significant strategic shifts.
Key Players & Entities
- ENB Financial Corp (company) — Registrant
- John R. Glick (person) — Departing Director
- David M. Glick (person) — Appointed Director and COO
FAQ
What was the effective date of the director changes and officer appointment?
The changes were effective as of June 27, 2024.
Who has been appointed as the new Chief Operating Officer?
David M. Glick has been appointed as the new Chief Operating Officer.
Which director has departed from ENB Financial Corp?
John R. Glick has departed from the board of directors.
What is the primary business of ENB Financial Corp?
ENB Financial Corp is in the National Commercial Banks industry, SIC code 6021.
In which state is ENB Financial Corp incorporated?
ENB Financial Corp is incorporated in Pennsylvania.
Filing Stats: 517 words · 2 min read · ~2 pages · Grade level 12.5 · Accepted 2024-07-01 14:29:01
Key Financial Figures
- $337,500, m — oximately sixteen (16) months, totaling $337,500, minus applicable taxes and withholdings.
Filing Documents
- form8k-32551_enbf.htm (8-K) — 23KB
- 0001174947-24-000867.txt ( ) — 184KB
- enbp-20240627.xsd (EX-101.SCH) — 3KB
- enbp-20240627_lab.xml (EX-101.LAB) — 33KB
- enbp-20240627_pre.xml (EX-101.PRE) — 22KB
- form8k-32551_enbf_htm.xml (XML) — 3KB
02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ;
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ; On June 27, 2024, Chad E. Neiss, Senior Executive Vice President/Chief Strategy Officer and Head of Mortgage Division of ENB Financial Corp's (the "Corporation") wholly-owned subsidiary, Ephrata National Bank (the "Bank") transitioned from his position with the Bank effective immediately. The Bank will not replace the role of Chief Strategy Officer at this time and will commence a search to fill the role overseeing the mortgage division. As a result of the transition, under the employment agreement dated October 28, 2022, made between the Corporation, Bank, and Mr. Neiss, there will be a payment made to fulfill the remaining term of the agreement of approximately sixteen (16) months, totaling $337,500, minus applicable taxes and withholdings.
01 Financial Statement and Exhibits
Item 9.01 Financial Statement and Exhibits (d) Exhibits Exhibit Number Description 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 Current Report on Form 8-K to be signed on its behalf by the undersigned, thereunto duly authorized. ENB FINANCIAL CORP (Registrant) Dated: July 1, 2024 /s/ Jeffrey S. Stauffer Jeffrey S. Stauffer Chairman of the Board Chief Executive Officer and President (Principal Executive Officer)