QNB Corp. Announces 2024 Annual Meeting of Shareholders

TL;DR

<b>QNB Corp. invites shareholders to its 2024 Annual Meeting on May 21, 2024.</b>

AI Summary

QNB CORP (QNBC) filed a Proxy Statement (DEF 14A) with the SEC on April 9, 2024. QNB Corp. will hold its 2024 Annual Meeting of Shareholders on Tuesday, May 21, 2024. The meeting will take place at The Centennial Catering & Conference Center. The filing is a Definitive Proxy Statement (DEF 14A) filed on April 9, 2024. The company's fiscal year ends on December 31. QNB Corp. is incorporated in Pennsylvania and operates in the Commercial Banks sector.

Why It Matters

For investors and stakeholders tracking QNB CORP, this filing contains several important signals. This filing provides shareholders with essential information regarding the upcoming annual meeting, including the date, time, and location. As a DEF 14A filing, it outlines the company's governance, executive compensation details, and proposals to be voted on by shareholders, impacting corporate decision-making.

Risk Assessment

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

Analyst Insight

Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to make informed voting decisions.

Key Numbers

• 2024 — Annual Meeting Year (QNB Corp.'s 2024 Annual Meeting of Shareholders)
• May 21 — Meeting Date (Tuesday, May 21, 2024)
• April 9, 2024 — Filing Date (Filed as of date)
• 1231 — Fiscal Year End (Fiscal year end)

Key Players & Entities

• QNB Corp. (company) — Registrant name
• 2024 Annual Meeting of Shareholders (event) — Event being announced
• May 21, 2024 (date) — Date of the annual meeting
• The Centennial Catering & Conference Center (location) — Location of the annual meeting
• DEF 14A (filing) — Form type
• April 9, 2024 (date) — Filing date
• PA (location) — State of incorporation
• Commercial Banks (industry) — Standard Industrial Classification

FAQ

Risk Factors

• Regulatory Compliance [medium — regulatory]: The company must comply with various regulations applicable to commercial banks, including those from the SEC and banking authorities.
• Market Conditions [medium — market]: The company's financial performance is subject to general economic conditions and competitive pressures within the banking industry.
• Operational Risks [medium — operational]: Risks related to the company's operations, including cybersecurity, data breaches, and business continuity, are inherent.

Industry Context

QNB Corp. operates within the commercial banking sector, providing financial services to individuals and businesses.

Regulatory Implications

As a publicly traded company, QNB Corp. is subject to the reporting and disclosure requirements of the Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934.

What Investors Should Do

1. Review the full proxy statement for details on director nominees and executive compensation.
2. Understand the proposals being presented for shareholder vote at the annual meeting.
3. Note the date and location for attending or participating in the 2024 Annual Meeting of Shareholders.

Key Dates

• 2024-05-21: Annual Meeting of Shareholders — Key date for shareholder participation and voting.
• 2024-04-09: DEF 14A Filing — Indicates the public release of proxy materials.

Year-Over-Year Comparison

This filing is a DEF 14A for the 2024 Annual Meeting, following previous filings related to the company's operations and financial reporting.

Key Financial Figures

• $0.625 — holders of the common stock, par value $0.625 per share, of QNB Corp. (herein referre

Filing Documents

• qnbc-20240327.htm (DEF 14A) — 1103KB
• img194062935_0.jpg (GRAPHIC) — 8KB
• img194062935_1.jpg (GRAPHIC) — 8KB
• img194062935_2.jpg (GRAPHIC) — 3KB
• img194062935_3.jpg (GRAPHIC) — 3KB
• img194062935_4.jpg (GRAPHIC) — 193KB
• img194062935_5.jpg (GRAPHIC) — 188KB
• img194062935_6.jpg (GRAPHIC) — 103KB
• img194062935_7.jpg (GRAPHIC) — 125KB
• 0000950170-24-042803.txt (&nbsp;) — 3011KB
• qnbc-20240327.xsd (EX-101.SCH) — 18KB
• qnbc-20240327_htm.xml (XML) — 158KB

From the Filing

DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSIONPRIVATE WASHINGTON, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under Rule 14a-12 QNB Corp. (Name of Registrant as Specified in Its Charter) N/A (Name of Person(s) Filing Proxy Statement if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 240.0-11 and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: Proxy Statement April 9, 2024 P.O. Box 9005 Quakertown, PA 18951-9005 TEL (215)538-5600 FAX (215)538-5765 April 9, 2024 Dear Fellow Shareholder: You are invited to attend QNB Corp.'s 2024 Annual Meeting of Shareholders on Tuesday, May 21, 2024. The meeting will be held at The Centennial Catering & Conference Center, located at 3350 Center Valley Parkway, Center Valley, Pennsylvania, 18034, at 11:00 a.m., Eastern time. Enclosed are the notice of the annual meeting, proxy statement, proxy card, and shareholder luncheon invitation for the annual meeting. Our 2023 Annual Report on Form 10-K accompanies these enclosures. At this year's annual meeting, you are being asked to elect the three Class III director nominees of the Board of Directors and to ratify the Audit Committee's appointment of Baker Tilly US, LLP as QNB Corp.'s independent registered public accounting firm for 2024. These proposals are fully described in the accompanying proxy statement, which you are urged to read carefully. YOUR BOARD OF DIRECTORS HAS UNANIMOUSLY ENDORSED THE NOMINEES FOR ELECTION. WE RECOMMEND THAT YOU VOTE "FOR" ALL THREE NOMINEES AND "FOR" THE RATIFICATION OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2024. YOUR VOTE IS IMPORTANT. Whether or not you plan to attend, you can ensure that your shares are represented at the meeting by promptly voting and submitting your proxy by completing, signing, dating and returning your proxy card in the enclosed envelope or by voting on-line per instructions on your proxy card. If you have any questions regarding the annual meeting, please contact Suzanne Weisberg at (215) 538-5600, extension 5677. Thank you for your cooperation and continuing support. Sincerely, David W. Freeman Chief Executive Officer NOTICE OF ANNUAL MEETING OF SHAREHOLDERS QNB CORP. TO BE HELD ON MAY 21, 2024 TO OUR SHAREHOLDERS: The 2024 Annual Meeting of the Shareholders of QNB Corp. will be held at The Centennial Catering & Conference Center, located at 3350 Center Valley Parkway, Center Valley, Pennsylvania, 18034, beginning at 11:00 a.m., Eastern time, for the purpose of considering and acting upon the following matters: (1) election of the three Class III director nominees of the Board of Directors; (2) ratification of the appointment of Baker Tilly US, LLP as QNB's independent registered public accounting firm for 2024; and (3) such other business as may properly come before the meeting or any adjournment thereof. The Board of Directors fixed the close of business on March 19, 2024 as the record date for the purpose of determining those shareholders entitled to notice of, and to vote at, the annual meeting, either in person or by proxy. All shareholders are cordially invited to attend the annual meeting. Whether or not you plan to attend the annual meeting, you are requested to complete, date and sign the proxy card, and return it promptly in the enclosed envelope provided or vote online. At any time prior to the proxy being voted, it is revocable by written notice to QNB Corp. in accordance with the instructions set forth in the enclosed proxy statement, including by voting at the meeting in person. IMPORTANT NOTICE REGARDING INTERNET AVAILABILITY OF PROXY MATERIALS FOR THE SHAREHOLDER MEETING TO BE HELD ON

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View this DEF 14A filing on SEC EDGAR