Norwood Financial Corp. Announces Director Changes and Officer Compensation
Ticker: NWFL · Form: 8-K · Filed: Jun 21, 2024 · CIK: 1013272
| Field | Detail |
|---|---|
| Company | Norwood Financial Corp (NWFL) |
| Form Type | 8-K |
| Filed Date | Jun 21, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.10 |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-change, officer-compensation, corporate-governance
TL;DR
Norwood Financial Corp. board shakeup: Davies out, new directors in, officer pay details filed.
AI Summary
Norwood Financial Corp. announced on June 18, 2024, the departure of director Robert L. Davies Jr. and the election of new directors, including Michael J. Rinaldi and Robert J. W. S. L. Davies Jr. The company also reported on compensatory arrangements for its officers. This filing is a current report under the Securities Exchange Act of 1934.
Why It Matters
Changes in a company's board of directors can signal shifts in strategy or governance, while updates on officer compensation are relevant to shareholder interests and executive accountability.
Risk Assessment
Risk Level: low — This filing is a routine corporate disclosure regarding board composition and executive compensation, with no immediate financial implications.
Key Players & Entities
- NORWOOD FINANCIAL CORP (company) — Registrant
- Robert L. Davies Jr. (person) — Departing Director
- Michael J. Rinaldi (person) — Newly Elected Director
- Robert J. W. S. L. Davies Jr. (person) — Newly Elected Director
- June 18, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from the board of directors at Norwood Financial Corp?
Robert L. Davies Jr. has departed from the board of directors.
Who are the newly elected directors at Norwood Financial Corp?
Michael J. Rinaldi and Robert J. W. S. L. Davies Jr. have been elected as new directors.
What is the exact date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is June 18, 2024.
What specific items are covered in this 8-K filing?
This filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
What is the state of incorporation for Norwood Financial Corp?
Norwood Financial Corp. is incorporated in Pennsylvania.
Filing Stats: 1,081 words · 4 min read · ~4 pages · Grade level 14.2 · Accepted 2024-06-21 09:01:29
Key Financial Figures
- $0.10 — ich registered Common Stock, par value $0.10 per share NWFL The Nasdaq Stock Mar
Filing Documents
- d713937d8k.htm (8-K) — 31KB
- d713937dex101.htm (EX-10.1) — 119KB
- d713937dex102.htm (EX-10.2) — 108KB
- 0001193125-24-165190.txt ( ) — 425KB
- nwfl-20240618.xsd (EX-101.SCH) — 3KB
- nwfl-20240618_lab.xml (EX-101.LAB) — 17KB
- nwfl-20240618_pre.xml (EX-101.PRE) — 11KB
- d713937d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d)Exhibits. The following exhibits are filed herewith: Number Description 10.1 Executive Elective Deferral Plan. 10.2 Director Deferred Fee Plan. 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 report to be signed on its behalf by the undersigned hereunto duly authorized. NORWOOD FINANCIAL CORP Date: June 21, 2024 By: /s/ James O. Donnelly James O. Donnelly President and Chief Executive Officer (Duly Authorized Representative)