Cnb Financial Corp 8-K, filed Jun 6, 2022
Cnb Financial Corp (CCNE)
About this 8-K
Cnb Financial Corp filed this 8-K on June 6, 2022, reporting on events of June 2, 2022.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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Item 8.01. Other Events
On June 2, 2022 CNB Financial Corporation (the “Company”) received acknowledgement from the Federal Reserve Bank of Philadelphia (the “Federal Reserve Bank”) of the Company’s 2022 Common Share Repurchase Program (the “Plan”). The Company’s Board of Directors previously approved the Plan, subject to the Federal Reserve Bank’s response, authorizing the repurchase from time to time by the Company of up to 500,000 shares of the Company’s common stock, no par value per share (the “Common Stock”), provided that the aggregate purchase price of shares of Common Stock repurchased does not exceed $15,000,000. Pursuant to the Plan, repurchases of Common Stock, if any, are authorized to be made during the period beginning on June 2, 2022 (the date on which the Company received acknowledgement from the Federal Reserve Bank) through and including May 17, 2023, through open market purchases, privately negotiated transactions or in such other manner as will comply with the provisions of the Securities and Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, subject to compliance with any material agreement to which the Company is a party. Depending on market conditions and other factors, these repurchases may be commenced or suspended without prior notice.
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.
| CNB FINANCIAL CORPORATION | ||||||
| Date: June 6, 2022 | By: | /s/ Tito L. Lima | ||||
| Tito L. Lima | ||||||
| Treasurer | ||||||