CNB Financial Corporation announced that Institutional Shareholder Services Inc. (ISS), a leading independent proxy advisory firm, recommended shareholders vote 'FOR' key proposals. These proposals include the issuance of CNB common stock in connection with the merger with ESSA Bancorp, Inc.
ISS also recommended approval for the CNB Financial Corporation 2025 Omnibus Incentive Plan. Additionally, the firm advised shareholders to support the non-binding advisory resolution concerning the compensation of CNB’s named executive officers.
These recommendations were made in advance of CNB's Annual Meeting of Shareholders, scheduled for April 15, 2025. The positive recommendations from ISS are a significant development for the company as it seeks to finalize the strategic merger and other corporate initiatives.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.