LCNB Corp. Elects New Directors, Updates Executive Compensation
Ticker: LCNB · Form: 8-K · Filed: Jul 17, 2024 · CIK: 1074902
| Field | Detail |
|---|---|
| Company | Lcnb Corp (LCNB) |
| Form Type | 8-K |
| Filed Date | Jul 17, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, merger
TL;DR
LCNB Corp. adds two directors and updates exec pay ahead of merger.
AI Summary
LCNB Corp. announced on July 17, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, David L. Johnson and Robert L. Lauer, to its board. Additionally, the company entered into new employment agreements with its named executive officers, including CEO Stephen R. Strunk, which will become effective upon the completion of the merger with "Acquiror" on or about July 17, 2024.
Why It Matters
This filing indicates significant changes in LCNB Corp.'s leadership and compensation structure, potentially impacting its strategic direction and investor relations, especially in light of an upcoming merger.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation, especially during a merger, can introduce uncertainty and signal shifts in corporate strategy.
Key Players & Entities
- LCNB Corp. (company) — Registrant
- David L. Johnson (person) — Newly elected director
- Robert L. Lauer (person) — Newly elected director
- Stephen R. Strunk (person) — CEO of LCNB Corp.
- Acquiror (company) — Company involved in merger
- July 17, 2024 (date) — Date of report and earliest event
FAQ
Who were the new directors elected to LCNB Corp.'s board?
David L. Johnson and Robert L. Lauer were elected as new directors to LCNB Corp.'s board on July 17, 2024.
What is the effective date for the new employment agreements of LCNB Corp.'s named executive officers?
The new employment agreements for LCNB Corp.'s named executive officers will become effective upon the completion of the merger with "Acquiror" on or about July 17, 2024.
What is the primary business of LCNB Corp. according to the filing?
LCNB Corp. is in the business of National Commercial Banks, as indicated by its Standard Industrial Classification code [6021].
In which state is LCNB Corp. incorporated?
LCNB Corp. is incorporated in Ohio.
What is the SEC file number for LCNB Corp.?
The SEC file number for LCNB Corp. is 001-35292.
Filing Stats: 590 words · 2 min read · ~2 pages · Grade level 9.9 · Accepted 2024-07-17 17:01:51
Filing Documents
- lcnb-20240717.htm (8-K) — 24KB
- lcnbform7172024xmattlayerra.htm (EX-99.1) — 14KB
- image_0.jpg (GRAPHIC) — 41KB
- 0001074902-24-000091.txt ( ) — 246KB
- lcnb-20240717.xsd (EX-101.SCH) — 2KB
- lcnb-20240717_def.xml (EX-101.DEF) — 14KB
- lcnb-20240717_lab.xml (EX-101.LAB) — 25KB
- lcnb-20240717_pre.xml (EX-101.PRE) — 15KB
- lcnb-20240717_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibit 99.1 Press Release dated July 17, 2024.
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 thereunto duly authorized. LCNB CORP. Date: July 17, 2024 By: /s/ Robert C. Haines II Robert C. Haines II Chief Financial Officer