WNEB Files Definitive Proxy Statement for May 9th Meeting

Ticker: WNEB · Form: DEF 14A · Filed: 2024-03-29T00:00:00.000Z

Sentiment: neutral

Topics: proxy-statement, governance, shareholder-meeting

Related Tickers: WNEB

TL;DR

WNEB proxy filed - vote on directors & exec pay May 9th.

AI Summary

Western New England Bancorp, Inc. (WNEB) filed its Definitive Proxy Statement on March 29, 2024, for its annual meeting on May 9, 2024. The filing outlines the company's governance and proposals to be voted on by shareholders, including the election of directors and executive compensation.

Why It Matters

This filing provides shareholders with crucial information to make informed voting decisions on company leadership and executive pay, impacting the company's future direction.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEF 14A) that provides information to shareholders and does not inherently introduce new risks.

Key Numbers

Key Players & Entities

FAQ

What is the purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Definitive Proxy Statement, is filed by a company to provide shareholders with information they need to vote on important matters at a shareholder meeting, such as the election of directors and executive compensation.

When is the shareholder meeting for Western New England Bancorp, Inc.?

The shareholder meeting for Western New England Bancorp, Inc. is scheduled for May 9, 2024.

What is the company's ticker symbol?

The ticker symbol for Western New England Bancorp, Inc. is not explicitly stated in this excerpt, but it is commonly known as WNEB.

What is the company's primary business?

Western New England Bancorp, Inc. is classified under the Standard Industrial Classification code 6035 for Savings Institutions, Federally Chartered.

Where is Western New England Bancorp, Inc. headquartered?

Western New England Bancorp, Inc. is headquartered at 141 Elm Street, Westfield, MA 01085.

From the Filing

0001839882-24-009928.txt : 20240329 0001839882-24-009928.hdr.sgml : 20240329 20240329090027 ACCESSION NUMBER: 0001839882-24-009928 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20240509 FILED AS OF DATE: 20240329 DATE AS OF CHANGE: 20240329 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Western New England Bancorp, Inc. CENTRAL INDEX KEY: 0001157647 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] ORGANIZATION NAME: 02 Finance IRS NUMBER: 731627673 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-16767 FILM NUMBER: 24802206 BUSINESS ADDRESS: STREET 1: 141 ELM STREET CITY: WESTFIELD STATE: MA ZIP: 01085 BUSINESS PHONE: 413-568-1911 MAIL ADDRESS: STREET 1: 141 ELM STREET CITY: WESTFIELD STATE: MA ZIP: 01085 FORMER COMPANY: FORMER CONFORMED NAME: WESTFIELD FINANCIAL INC DATE OF NAME CHANGE: 20010816 DEF 14A 1 wneb-def14a_050924.htm DEFINITIVE PROXY STATEMENT wneb-def14a_050924 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14 A- 101) SCHEDULE 14a INFORMATION 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 14a6(e)(2)) ☒ Definitive Proxy Statement  Definitive Additional Materials  Soliciting Material Pursuant to §240.14a12 WESTERN NEW ENGLAND BANCORP, INC. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): ☒ No fee required.  Fee paid previously with preliminary materials.  Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11. ​ March 29, 2024 Dear Fellow Shareholder: You are cordially invited to attend the 2024 Annual Meeting of Shareholders (the “Annual Meeting”) of Western New England Bancorp, Inc. (the “Company” or “WNEB”), the holding company for Westfield Bank (the “Bank”), which will be held on May 9, 2024, at 10:00 a.m., Eastern Daylight Time, at the Sheraton Springfield Monarch Place Hotel, One Monarch Place, Springfield, Massachusetts, 01144. The enclosed Notice of Annual Meeting of Shareholders and Proxy Statement describe the formal business that we will transact at the Annual Meeting, which includes: • The election of three (3) directors; • An advisory, non-binding vote on our 2023 executive compensation; • Ratification of the appointment of Wolf and Company, P.C. (“Wolf & Company”) as our independent registered public accounting firm for the fiscal year ending December 31, 2024; and • Act upon such other business as may properly come before the meeting. The Board of Directors of the Company (the “Board”) has fixed the close of business on March 11, 2024, as the record date for the determination of shareholders entitled to notice of, and to vote at, the Annual Meeting. Directors and officers of the Company will be present to answer any questions that you and other shareholders may have. Our Annual Report on Form 10-K, which contains detailed information concerning the activities and operating performance of the Company, is available for review on our website at wneb.q4ir.com/financials/proxy-materials and www.viewproxy.com/WNEB/2024. It is important that your shares be represented at the Annual Meeting and voted in accordance with your wishes. Whether or not you plan to attend the Annual Meeting, please promptly submit your proxy by telephone, internet or mail. Your vote is important regardless of the number of shares you own. Voting by proxy

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