First Keystone Corp. Announces 2024 Annual Meeting of Shareholders

TL;DR

<b>First Keystone Corporation invites shareholders to its 2024 Annual Meeting on May 30, 2024, to elect directors and ratify auditor selection.</b>

AI Summary

FIRST KEYSTONE CORP (FKYS) filed a Proxy Statement (DEF 14A) with the SEC on April 18, 2024. The 2024 Annual Meeting of Shareholders for First Keystone Corporation will be held on May 30, 2024, at 10:00 a.m. EDT. The meeting will take place at the Berwick Golf Club, 473 Martzville Road, Berwick, Pennsylvania. Key agenda items include the election of 3 Class A Directors. Shareholders will also vote on the ratification of Baker Tilly US, LLP as the independent auditor for fiscal year 2024. Management will review the past year's operations and address shareholder questions.

Why It Matters

For investors and stakeholders tracking FIRST KEYSTONE CORP, this filing contains several important signals. Shareholder participation is crucial for corporate governance, as director elections and auditor ratification are key responsibilities. The meeting provides an opportunity for shareholders to engage directly with management and understand the company's performance and future direction.

Risk Assessment

Risk Level: low — FIRST KEYSTONE 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 concerns indicated.

Analyst Insight

Shareholders should review the proxy materials to make informed voting decisions on director nominees and auditor ratification.

Key Numbers

• 3 — Class A Directors (Number of directors to be elected)
• May 30, 2024 — Annual Meeting Date (Date of the 2024 Annual Meeting of Shareholders)
• 10:00 a.m. — Meeting Time (Time of the 2024 Annual Meeting of Shareholders)
• 2024 — Fiscal Year (Fiscal year for which auditor is being ratified)

Key Players & Entities

• FIRST KEYSTONE CORP (company) — Registrant name
• Elaine A. Woodland (person) — President and Chief Executive Officer
• Baker Tilly US, LLP (company) — Independent registered public accounting firm
• May 30, 2024 (date) — Date of Annual Meeting
• 2024 (date) — Fiscal year for auditor selection
• 111 W Front St (address) — Company's business address
• Berwick, Pennsylvania (location) — Company's location

FAQ

Industry Context

First Keystone Corporation operates within the commercial banking sector, a highly regulated industry focused on financial services.

Regulatory Implications

As a commercial bank, First Keystone Corporation is subject to extensive regulation by federal and state authorities, impacting its operations and governance.

What Investors Should Do

1. Review the list of director nominees and their qualifications.
2. Evaluate the rationale for ratifying Baker Tilly US, LLP as the independent auditor.
3. Vote on the proposed items to ensure proper corporate governance.

Key Dates

• 2024-05-30: 2024 Annual Meeting of Shareholders — Election of directors and ratification of auditor.

Year-Over-Year Comparison

This filing is a definitive proxy statement (DEF 14A) for the 2024 annual meeting, following the typical reporting cycle for such events.

Key Financial Figures

• $2.00 — of common stock outstanding, par value $2.00 per share. Our common stock is the Corp

Filing Documents

• fkys-20231231xdef14a.htm (DEF 14A) — 591KB
• fkys-20231231xdef14a.pdf (DEF 14A) — 49KB
• 0000737875-24-000016.txt (&nbsp;) — 660KB

Executive Compensation

Executive Compensation 17 Principal Officers of the Bank and the Corporation 23

Legal Proceedings

Legal Proceedings 23 Proposal No. 2: Ratification of Independent Registered Public Accounting Firm 24 Section 16(a) Beneficial Ownership Reporting Compliance 24 Information Requests 24 Other Matters 24 Table of Contents PROXY STATEMENT FOR THE ANNUAL MEETING OF SHAREHOLDERS OF FIRST KEYSTONE CORPORATION TO BE HELD ON MAY 30, 2024 GENERAL INFORMATION Introduction, Date, Time and Place of Annual Meeting First Keystone Corporation (the "Corporation"), a Pennsylvania business corporation and registered bank holding company, furnishes this Proxy Statement in connection with the solicitation, by its Board of Directors, of proxies to be voted at the Annual Meeting of Shareholders (the "Annual Meeting") and at any adjournment or postponement of the Annual Meeting. The Corporation will hold the meeting on Thursday, May 30, 2024, at 10:00 a.m., Eastern Daylight Time, at the Berwick Golf Club, 473 Martzville Road, Berwick, Pennsylvania 18603. The principal executive office of the Corporation is located at First Keystone Community Bank (the "Bank"), 111 West Front Street, P.O. Box 289, Berwick, Pennsylvania 18603. The Bank is the sole, wholly-owned subsidiary of the Corporation. The telephone number for the Corporation and the Bank is (570) 752-3671. All inquiries should be directed to Elaine A. Woodland, President and Chief Executive Officer of the Corporation and the Bank. When we say "we", "us", "our" or the "Company", we mean the Corporation on a consolidated basis with the Bank. Solicitation and Voting of Proxies By properly completing and returning your proxy card, a shareholder is appointing the proxy holders to vote his or her shares as the shareholder specifies on the proxy. If a shareholder signs the proxy but does not make any selection, the proxy holders will vote the proxy: FOR the election of the nominees for Class A Director named in this Proxy Statement; and FOR the ratification of the selection of Baker Tilly US, LLP as the indepen

View Full Filing

View this DEF 14A filing on SEC EDGAR