Camden National Corp Reports Board and Officer Changes

Ticker: CAC · Form: 8-K · Filed: 2025-02-26T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, officer-changes, board-changes, financial-statements

Related Tickers: CAC

TL;DR

Camden National Corp (CAC) filed an 8-K detailing board/officer changes and compensation.

AI Summary

Camden National Corporation announced on February 25, 2025, changes in its board of directors and executive officers, including the election of new directors and appointments of certain officers. The filing also includes information on compensatory arrangements for certain officers and financial statements.

Why It Matters

Changes in a company's board and executive team can signal shifts in strategy or governance, impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — This filing primarily reports routine corporate governance changes and financial statements, which typically carry low inherent risk.

Key Players & Entities

FAQ

What specific items are being reported in this Form 8-K?

This Form 8-K reports on the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, and financial statements and exhibits.

When was the earliest event reported in this filing?

The earliest event reported in this filing occurred on February 25, 2025.

What is the state of incorporation for Camden National Corporation?

Camden National Corporation is incorporated in Maine.

What is the principal executive office address for Camden National Corporation?

The principal executive offices are located at Two Elm Street, Camden, Maine 04843.

What is the telephone number for Camden National Corporation?

The telephone number for Camden National Corporation is (207) 236-8821.

From the Filing

0000750686-25-000036.txt : 20250226 0000750686-25-000036.hdr.sgml : 20250226 20250226080020 ACCESSION NUMBER: 0000750686-25-000036 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20250225 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250226 DATE AS OF CHANGE: 20250226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAMDEN NATIONAL CORP CENTRAL INDEX KEY: 0000750686 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] ORGANIZATION NAME: 02 Finance IRS NUMBER: 010413282 STATE OF INCORPORATION: ME FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13227 FILM NUMBER: 25666218 BUSINESS ADDRESS: STREET 1: TWO ELM ST CITY: CAMDEN STATE: ME ZIP: 04843 BUSINESS PHONE: 2072368821 MAIL ADDRESS: STREET 1: 2 ELM ST CITY: CAMDEN STATE: ME ZIP: 04843 8-K 1 cac-20250225.htm 8-K cac-20250225 0000750686 false 0000750686 2025-02-25 2025-02-25 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (date of earliest event reported): February 25, 2025 Camden National Corp oration (Exact name of registrant as specified in its charter) Maine 001-13227 01-0413282 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) Two Elm Street Camden Maine 04843                  (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: ( 207 ) 236-8821 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, without par value CAC The NASDAQ Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging Growth Company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 25, 2025, the Board of Directors of Camden National Corporation (the “Company”) increased the size of the Company’s Board of Directors (the “Board”) to 12 members and elected Ms. Raina Maxwell to fill the vacancy created upon the increase in the size of the Board, in each case, effective February 25, 2025. Ms. Maxwell will stand for reelection at the Company’s 2025 Annual Meeting of Shareholders. Ms. Maxwell was also elected by the Board of Directors of the Company’s subsidiary, Camden National Bank (the “Bank”), to serve on the Bank’s Board of Directors, and will serve on the Credit Committee of the Bank’s Boar

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