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In a recent filing with the Securities and Exchange Commission, Citizens & Northern Corporation reported the outcomes of its Annual Meeting of Shareholders, which was conducted virtually on Thursday, April 24, 2025. At the meeting, shareholders voted on three key proposals, including the election of directors, executive compensation, and the ratification of the company’s independent auditors.
The record date for shareholders entitled to vote was set as February 5, 2025, with 15,467,390 shares of Common Stock outstanding at that time. Approximately 66% of the Common Stock was present or represented by proxy at the meeting.
The results for the election of Class II Directors were as follows: Susan E. Hartley received 6,339,366 votes in favor and 789,051 votes withheld; Leo F. Lambert garnered 6,769,336 votes in favor against 359,081 votes withheld; Helen S. Santiago had 6,914,154 votes in favor and 214,263 votes withheld; and Katherine W. Shattuck obtained 6,422,461 votes in favor with 705,956 votes withheld. All director nominees were elected with a significant number of broker non-votes recorded for each candidate.
Proposal II, which concerned the approval and adoption of the 2024 compensation for the named executive officers, was approved with 4,925,878 votes in favor, 2,023,566 votes against, and 178,973 abstentions. Again, there were 3,078,336 broker non-votes.
The third proposal, regarding the ratification of Crowe LLP as the corporation’s independent registered public accounting firm for the fiscal year ending December 31, 2025, passed with an overwhelming majority. It received 10,066,225 votes in favor, 93,438 votes against, and 47,090 abstentions, with no broker non-votes.
The filing did not contain any additional business or financial statements. The information provided in this article is based on a press release statement from Citizens & Northern Corporation.
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