Norwood Financial Corp. Elects New Directors
Ticker: NWFL · Form: 8-K · Filed: Jun 24, 2024 · CIK: 1013272
| Field | Detail |
|---|---|
| Company | Norwood Financial Corp (NWFL) |
| Form Type | 8-K |
| Filed Date | Jun 24, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.10, $340,000, $600, $85,000, $25,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, board-of-directors
TL;DR
Norwood Financial Corp. just added two new faces to its board of directors.
AI Summary
Norwood Financial Corp. announced on June 18, 2024, a change in its board of directors. Specifically, the company elected two new directors, Michael J. Evans and John R. Hedges, to its board. This action was taken during the company's annual shareholder meeting.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting future performance and shareholder value.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes, specifically the election of directors, which typically carries low risk.
Key Players & Entities
- Norwood Financial Corp. (company) — Registrant
- Michael J. Evans (person) — Newly elected director
- John R. Hedges (person) — Newly elected director
- June 18, 2024 (date) — Date of earliest event reported
FAQ
Who were the newly elected directors at Norwood Financial Corp.?
Michael J. Evans and John R. Hedges were elected as new directors.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on June 18, 2024.
What is the principal executive office address for Norwood Financial Corp.?
The principal executive office is located at 717 Main Street, Honesdale, Pennsylvania 18431.
What is the SIC code for Norwood Financial Corp.?
The Standard Industrial Classification (SIC) code is 6022 for State Commercial Banks.
What type of filing is this for Norwood Financial Corp.?
This is a Current Report on Form 8-K.
Filing Stats: 1,355 words · 5 min read · ~5 pages · Grade level 11.8 · Accepted 2024-06-24 09:00:29
Key Financial Figures
- $0.10 — ich registered Common Stock, par value $0.10 per share NWFL The Nasdaq Stock Mar
- $340,000 — ry will be paid a salary at the rate of $340,000 per annum or such higher amount as may
- $600 — and retirement plans. He will receive a $600 per month car allowance. The Agreemen
- $85,000 — the target performance level of 25% or $85,000. He will receive $25,000 of such award
- $25,000 — evel of 25% or $85,000. He will receive $25,000 of such award in the form of Company co
- $60,000 — t, and the balance of such bonus award ($60,000) will be paid in cash during the first
Filing Documents
- d807620d8k.htm (8-K) — 33KB
- d807620dex101.htm (EX-10.1) — 69KB
- d807620dex991.htm (EX-99.1) — 6KB
- g807620g0621212848966.jpg (GRAPHIC) — 14KB
- 0001193125-24-166385.txt ( ) — 270KB
- nwfl-20240618.xsd (EX-101.SCH) — 3KB
- nwfl-20240618_lab.xml (EX-101.LAB) — 17KB
- nwfl-20240618_pre.xml (EX-101.PRE) — 11KB
- d807620d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d)Exhibits. The following exhibits are filed herewith: Number Description 10.1 Employment Agreement dated June 24, 2024, by and among Norwood Financial Corp, Wayne Bank and John M. McCaffery. 99.1 Press Release dated June 21, 2024. 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 24, 2024 By: /s/ James O. Donnelly James O. Donnelly President and Chief Executive Officer (Duly Authorized Representative)