LCNB Corp. Announces Annual Shareholder Meeting on April 22, 2024

TL;DR

<b>LCNB Corp. is holding its virtual Annual Shareholder Meeting on April 22, 2024, to elect Class I directors.</b>

AI Summary

LCNB CORP (LCNB) filed a Proxy Statement (DEF 14A) with the SEC on March 18, 2024. LCNB Corp. will hold its Annual Meeting of Shareholders on April 22, 2024, at 10:00 AM EDT. The meeting will be conducted virtually via the Internet at www.virtualshareholdermeeting.com/LCNB2024. The primary purpose of the meeting is to elect Class I directors. Directors elected will serve until the 2027 annual meeting. The filing is a Definitive Proxy Statement (DEF 14A) submitted on March 18, 2024.

Why It Matters

For investors and stakeholders tracking LCNB CORP, this filing contains several important signals. Shareholders have the opportunity to influence the company's governance by voting for or against director nominees. The virtual format allows for broader participation from shareholders regardless of their physical location.

Risk Assessment

Risk Level: low — LCNB CORP shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.

Analyst Insight

Review the director nominees and the company's performance to make informed voting decisions.

Key Numbers

• 2024-04-22 — Annual Meeting Date (LCNB Corp. Annual Meeting of Shareholders.)
• 10:00 AM EDT — Annual Meeting Time (LCNB Corp. Annual Meeting of Shareholders.)
• 2027 — Director Term End (Term end year for elected Class I directors.)

Key Players & Entities

• LCNB Corp. (company) — Registrant and filer of the proxy statement.
• 2024-04-22 (date) — Date of the Annual Meeting of Shareholders.
• 10:00 AM EDT (time) — Time of the Annual Meeting of Shareholders.
• www.virtualshareholdermeeting.com/LCNB2024 (url) — Web address for the virtual shareholder meeting.
• Class I directors (other) — Directors to be elected at the meeting.
• 2027 (date) — Year until which elected directors will serve.
• 2024-03-18 (date) — Filing date of the proxy statement.

FAQ

Risk Factors

• Proxy Statement Filing [low — regulatory]: The company is filing a Definitive Proxy Statement (DEF 14A) as required by SEC regulations for its annual shareholder meeting.

Industry Context

LCNB Corp. operates as a national commercial bank, a sector governed by specific regulatory requirements and market dynamics.

Regulatory Implications

As a publicly traded company, LCNB Corp. is subject to SEC regulations, including the requirement to file proxy statements for shareholder meetings.

What Investors Should Do

1. Review the list of director nominees and their qualifications.
2. Understand the voting procedures for the virtual meeting.
3. Consider the company's performance and strategic direction when casting votes.

Key Dates

• 2024-04-22: Annual Meeting of Shareholders — To elect Class I directors and consider other business.
• 2024-03-18: Filing Date — Date the Definitive Proxy Statement was filed with the SEC.

Glossary

DEF 14A

A Definitive Proxy Statement filed with the SEC. (This filing provides shareholders with information about the annual meeting and matters to be voted upon.)

Class I Directors

A specific class of directors to be elected at the shareholder meeting. (Shareholders vote on the election of these directors, impacting company leadership.)

Year-Over-Year Comparison

This is the initial filing for the 2024 proxy statement, detailing the upcoming annual meeting and director elections.

Filing Documents

• lcnbschedule14adefinitivep.htm (DEF 14A) — 610KB
• 0001074902-24-000063.txt (&nbsp;) — 611KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT As of December 31, 2023, there was no beneficial ownership of more than 5% of LCNB's Common Shares known by LCNB. The following table sets forth, as of December 31, 2023 (except as otherwise noted), the ownership of Common Shares by management of LCNB, including (i) the Common Shares beneficially owned by each director, nominee for director and executive officers of LCNB and (ii) the Common Shares beneficially owned by all executive officers and directors as a group. Name of Beneficial Owner Number of Common Shares Beneficially Owned (1) Percent of Common Shares Outstanding Eric J. Meilstrup President, Chief Executive Officer and Director 31,751 0.24% Spencer S. Cropper (2) Chairman of the Board 37,297 0.28% Steve P. Foster Director 42,823 0.33% Stephen P. Wilson Director 64,051 0.49% Mary E. Bradford Director 6,258 0.05% William G. Huddle (3) Director 167,488 1.27% Craig M. Johnson (4) Director 9,258 0.07% Michael J. Johrendt Director 151,259 1.15% William H. Kaufman (5) Director 81,318 0.62% Anne E. Krehbiel Director, Secretary 8,258 0.06% Takeitha W. Lawson Director 1,042 0.01% Robert A. Bedinghaus Director 78,190 0.59% 3 Robert C. Haines II Executive Vice President, Chief Financial Officer 16,790 0.13% Matthew P. Layer (6) Executive Vice President 23,951 0.18% Michael R. Miller Executive Vice President, Trust Officer 15,810 0.12% Bradley A. Ruppert Executive Vice President, Trust Officer, Chief Investment Officer 12,584 0.10% Lawrence Mulligan Executive Vice President, Chief Operating Officer 12,439 0.09% All directors and officers as a group (17 persons) 760,567 5.79% - (1) The Securities and Exchange Commission has defined "beneficial owner" of a security to include any person who has or shares voting power or investment power with respect to any such security or who has the right to acquire beneficial own

View Full Filing

View this DEF 14A filing on SEC EDGAR