Norwood Financial Corp. Reports Board and Officer Changes
Ticker: NWFL · Form: 8-K · Filed: Jul 18, 2024 · CIK: 1013272
| Field | Detail |
|---|---|
| Company | Norwood Financial Corp (NWFL) |
| Form Type | 8-K |
| Filed Date | Jul 18, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.10, $670,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, board-of-directors, executive-compensation
TL;DR
Norwood Financial Corp. is shuffling its board and execs, effective July 16, 2024.
AI Summary
Norwood Financial Corp. announced on July 16, 2024, changes in its board of directors and executive officers. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. Specific names of departing and newly appointed individuals are not detailed in this summary section of the filing.
Why It Matters
Changes in a company's board and executive team can signal shifts in strategy, governance, or operational focus, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: medium — Changes in leadership and executive compensation can introduce uncertainty and signal potential strategic shifts, which may carry inherent risks.
Key Players & Entities
- NORWOOD FINANCIAL CORP (company) — Registrant
- Pennsylvania (location) — State of incorporation
- July 16, 2024 (date) — Date of earliest event reported
FAQ
What specific items are being reported under Item 5.02 of the 8-K filing?
Item 5.02 of the filing covers the departure of directors or certain officers, the election of directors, and the appointment of certain officers, as well as compensatory arrangements of certain officers.
What is the exact date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is July 16, 2024.
What is the state of incorporation for Norwood Financial Corp?
Norwood Financial Corp. is incorporated in Pennsylvania.
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 for Norwood Financial Corp. is 6022, which corresponds to State Commercial Banks.
Filing Stats: 640 words · 3 min read · ~2 pages · Grade level 11.6 · Accepted 2024-07-18 17:00:54
Key Financial Figures
- $0.10 — ich registered Common Stock, par value $0.10 per share NWFL The Nasdaq Stock Mar
- $670,000 — principal balance of all such loans was $670,000. For further information, reference i
Filing Documents
- d851527d8k.htm (8-K) — 27KB
- d851527dex991.htm (EX-99.1) — 7KB
- g851527g0718043743479.jpg (GRAPHIC) — 9KB
- 0001193125-24-181074.txt ( ) — 167KB
- nwfl-20240716.xsd (EX-101.SCH) — 3KB
- nwfl-20240716_lab.xml (EX-101.LAB) — 17KB
- nwfl-20240716_pre.xml (EX-101.PRE) — 11KB
- d851527d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d)Exhibits. The following exhibits are filed herewith: Number Description 99.1 Press Release dated July 18, 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: July 18, 2024 By: /s/ James O. Donnelly James O. Donnelly President and Chief Executive Officer (Duly Authorized Representative)