ENB Financial Corp Announces Annual Shareholder Meeting on May 7, 2024

TL;DR

<b>ENB Financial Corp is holding its annual shareholder meeting on May 7, 2024, to elect directors and ratify auditors.</b>

AI Summary

ENB Financial Corp (ENBP) filed a Proxy Statement (DEF 14A) with the SEC on April 9, 2024. ENB Financial Corp will hold its Annual Meeting of Shareholders on Tuesday, May 7, 2024, at 1:00 p.m. Eastern Time. The meeting will take place at Ephrata National Bank, 124 East Main Street, 5th Floor of Brossman Building Complex, Ephrata, Pennsylvania. Shareholders will vote on the election of four (4) Class B directors for three-year terms. The nominees for Class B director are Willis R. Lefever, Jay S. Martin, Judith A. Weaver, and Roger L. Zimmerman. The selection of S.R. Snodgrass, P.C. as the independent registered public accounting firm for the year ending December 31, 2024, will be ratified.

Why It Matters

For investors and stakeholders tracking ENB Financial Corp, this filing contains several important signals. Shareholders have the opportunity to elect directors who will guide the company's strategy and governance for the next three years. The ratification of the independent auditor ensures the integrity and accuracy of the company's financial reporting for the upcoming fiscal year.

Risk Assessment

Risk Level: low — ENB Financial Corp 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 auditor ratification proposals before casting their votes.

Key Numbers

• 4 — Class B directors (To be elected at the annual meeting)
• 3-year term — Director term length (For the elected Class B directors)
• 2024-12-31 — Fiscal year end (For which the auditor is selected)

Key Players & Entities

• ENB Financial Corp (company) — Registrant and filer of the proxy statement
• May 7, 2024 (date) — Date of the Annual Meeting of Shareholders
• Willis R. Lefever (person) — Nominee for Class B director
• Jay S. Martin (person) — Nominee for Class B director
• Judith A. Weaver (person) — Nominee for Class B director
• Roger L. Zimmerman (person) — Nominee for Class B director
• S.R. Snodgrass, P.C. (company) — Proposed independent registered public accounting firm
• March 11, 2024 (date) — Record date for shareholders entitled to vote

FAQ

Industry Context

ENB Financial Corp operates within the national commercial banking sector.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Rule 14a-101 concerning proxy statements.

What Investors Should Do

1. Review the biographies and qualifications of the director nominees.
2. Understand the role and responsibilities of the independent auditor.
3. Submit proxy votes by mail, telephone, or internet before the meeting.

Key Dates

• 2024-05-07: Annual Meeting of Shareholders — Shareholders will vote on director elections and auditor ratification.
• 2024-03-11: Record Date — Shareholders of record on this date are entitled to vote.

Year-Over-Year Comparison

This is the initial filing for the 2024 annual shareholder meeting.

Key Financial Figures

• $0.10 — oration&rsquo;s common stock, par value $0.10 per share, were issued and 5,654,355 sh
• $1,967,719 — n ownership interest of 10% or more was $1,967,719 or approximately 1.64% of the Corporati

Filing Documents

• def14a-31870_enbf.htm (DEF 14A) — 287KB
• image_003.jpg (GRAPHIC) — 18KB
• img-pc_001.jpg (GRAPHIC) — 205KB
• img-pc_002.jpg (GRAPHIC) — 185KB
• img-pcbr_001.jpg (GRAPHIC) — 125KB
• img-pcbr_002.jpg (GRAPHIC) — 117KB
• 0001174947-24-000520.txt (&nbsp;) — 1184KB

(b) per Exchange Act Rules 14a6(i)(1) and 0-11

Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11 ENB FINANCIAL CORP 31 East Main Street Ephrata, PA 17522 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON TUESDAY, MAY 7, 2024 TO THE SHAREHOLDERS OF ENB FINANCIAL CORP : NOTICE IS HEREBY GIVEN that the Annual Meeting of the Shareholders of ENB Financial Corp (the &ldquo;Corporation&rdquo;) will be held at Ephrata National Bank, 124 East Main Street, 5 th Floor of Brossman Building Complex, Ephrata, Pennsylvania 17522 on Tuesday, May 7, 2024, at 1:00 p.m., Eastern Time , for the purpose of considering and voting upon the following matters: 1. To elect four (4) Class B directors to serve for a three-year term and until their successors are elected and qualified. The nominees of the Board of Directors for election as Class B directors are Willis R. Lefever, Jay S. Martin, Judith A. Weaver and Roger L. Zimmerman; 2. To ratify the selection of S.R. Snodgrass, P.C. as the independent registered public accounting firm for the year ending December 31, 2024; and 3. To transact such other business as may properly be presented at the annual meeting and any adjournment or postponement of the meeting. Shareholders of record at the close of business on Monday, March 11, 2024, are entitled to notice of and to vote at the Annual Meeting of Shareholders. Your vote is important regardless of the number of shares you own . Please submit your vote by completing and signing the enclosed proxy card and mailing it promptly in the postage paid envelope or, if you prefer, you may vote by telephone at 1-800-652-8683 or via the Internet at www.investorvote.com/ENBP. Internet voting is available until 1:00 a.m. Eastern Time the day of the meeting. We cordially invite you to attend the meeting. Your proxy is revocable and you may withdraw it at any time prior to voting at the meeting. You may deliver notice of revocation or deliver a later dated proxy to the Secretary of the Corporation before the vote at the meeting

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 18

Executive Compensation Objectives

Executive Compensation Objectives 18 Compensation Committee Responsibilities and Process 18 The Role of Executive Officers in Determining Compensation 19 SUMMARY COMPENSATION TABLE 20 OTHER COMPENSATION TABLE 21 OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END 22 RETIREMENT PLANS 22 1 Defined Contribution Profit Sharing Plan 22 DEFINED CONTRIBUTION PROFIT SHARING PLAN TABLE 23 401(k) Savings Plan 24 401(k) SAVINGS PLAN &ndash; MATCH DATA TABLE 24 PAY VERSUS PERFORMANCE TABLE 25 POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL 27 AUDIT COMMITTEE REPORT 28 PROPOSAL NO. 1: 29 PROPOSAL NO. 2: 29 ANNUAL REPORT ON FORM 10-K 31 OTHER MATTERS 31 2 PROXY STATEMENT FOR THE ANNUAL MEETING OF SHAREHOLDERS OF ENB FINANCIAL CORP MAY 7, 2024 GENERAL INFORMATION Introduction ENB Financial Corp is the holding company for Ephrata National Bank. Throughout this proxy statement, ENB Financial Corp and its wholly owned subsidiary, Ephrata National Bank, will be collectively referred to as &ldquo;the Corporation&rdquo; and, on behalf of the Board of Directors (&ldquo;the Board&rdquo;), furnishes this proxy statement in connection with the solicitation of proxies for use at the Corporation&rsquo;s 2024 Annual Meeting of Shareholders. This proxy statement and the related proxy card are being distributed on or about April 9, 2024. We have not authorized anyone to provide you with information about the Corporation; therefore, you should rely only on the information contained in this document or in the documents to which we refer you. Although we believe we have provided you with all the information helpful to you in your decision to vote, events may occur at the Corporation subsequent to printing this proxy statement that might affect your decision or the value of your stock. Date, Time and Place for the Annual Meeting The Annual Meeting of Shareholders will be held on Tuesday, May 7, 2024, at 1:00 p.m., Eastern Time,

View Full Filing

View this DEF 14A filing on SEC EDGAR