Auburn National Bancorporation, Inc 8-K/A, filed Dec 15, 2022
Auburn National Bancorporation, Inc (AUBN)
About this 8-K/A
Auburn National Bancorporation, Inc filed this 8-K/A on December 15, 2022, reporting on events of November 8, 2022.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On November 8, 2022, Auburn National Bancorporation, Inc. (the “Company”) and its wholly owned subsidiary, AuburnBank (the “Bank”), announced that Robert W. Dumas had determined to retire on December 31, 2022 as President and Chief Executive Officer of the Company and the Bank. Mr. Dumas will continue as Chairman and a director of the Company and the Bank, and will continue to serve on their respective Boards of Directors’ committees where he is a member as of November 8, 2022.
At the same time, the Company also announced its management succession. Mr. David A Hedges, the Company’s and the Bank’s Executive Vice President and Chief Financial Officer was elected President and Chief Executive Officer of the Company and the Bank to succeed Mr. Dumas effective January 1, 2023. Mr. Hedges also was elected a director of the Company and the Bank, effective on November 8, 2022, and was appointed to a number of their boards’ committees. W. James Walker IV, the Company’s and the Bank’s Senior Vice President and Chief Accounting Officer, was elected Senior Vice President and Chief Financial Officer (“CFO”) of the Company and the Bank to succeed Mr. Hedges as CFO and principal financial officer effective January 1, 2023. Mr. Walker will continue as the principal accounting officer.
Consistent with the Company’s and the Bank’s past practice, no other material compensation plans, arrangements or contracts were approved.
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SIGNATURE
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.
| AUBURN NATIONAL BANCORPORATION, INC. |
| (Registrant) |
| /s/ David A. Hedges |
| David A. Hedges |
| Executive Vice President and Chief Financial Officer |
Date: December 15, 2022
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