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LCNB Corp . (NASDAQ:LCNB), a $211 million market cap regional bank currently trading near its InvestingPro Fair Value, announced the results of its annual shareholder meeting held on May 19, 2025. Shareholders elected four Class II directors to serve a three-year term and voted on several key proposals. The board’s nominees for director positions were elected with a significant majority, despite a large number of broker non-votes.
The company’s named executive officers’ compensation received advisory approval, with a majority voting in favor. Additionally, the independent registered accounting firm Plante & Moran, PLLC, was ratified to serve for the fiscal year ending December 31, 2025.
Shareholders also approved the 2025 Ownership Incentive Plan. However, a non-binding shareholder proposal recommending the board take steps to effectuate a sale of LCNB did not pass.
The specific outcomes for each item, including the number of votes for, against, withheld, and broker non-votes, were detailed in the company’s SEC filing. The results reflect shareholder support for the current direction of the Ohio-based national commercial bank.
The company, headquartered in Lebanon, Ohio, has ensured compliance with SEC regulations by duly authorizing the report. The detailed results of the meeting are available in the SEC filing, which provides transparency on the matters submitted to a vote of security holders.
In other recent news, LCNB Corp. has announced a quarterly cash dividend of $0.22 per share. Shareholders on record as of June 2, 2025, will be eligible to receive the dividend, which is set for payment on June 16, 2025. This move is in line with LCNB Corp.’s tradition of returning value to its shareholders through regular dividend payments. The company’s decision to declare a dividend underscores its commitment to providing returns to investors. LCNB Corp., through its subsidiary LCNB National Bank, continues to offer a wide range of banking services in Ohio. The dividend announcement is based on an official press release from the company. Investors seeking more information about LCNB Corp. can visit the company’s website for further details.
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