Trump says envoy Witkoff had productive meeting with Putin
HONESDALE, PA – Norwood Financial Corp (NASDAQ:NWFL), the parent company of Wayne Bank and a $227 million market cap financial institution with a notable 27-year dividend growth streak, disclosed the outcomes of its annual stockholders’ meeting held on April 22, 2025. According to InvestingPro analysis, the company is currently trading near its Fair Value, offering investors a substantial 5.03% dividend yield. The company reported that all nominated directors were elected and the appointment of their independent auditors was ratified with a significant majority. With analysts expecting both sales and earnings growth this year, these governance decisions come at a crucial time for the company’s development. InvestingPro subscribers can access 8 additional key insights about NWFL’s financial health and growth prospects.
At the meeting, a total of three directors were up for election. Dr. Andrew A. Forte received 5,198,664 votes for and 301,284 votes withheld, Ralph A. Matergia garnered 3,309,630 votes for and 2,190,873 votes withheld, and Alexandra K. Nolan had 5,158,906 votes for with 341,597 votes withheld. There were 1,772,443 broker non-votes for each director, indicating shares held by brokers that were not voted on behalf of the shareholders. Notably, there were no abstentions in the director elections.
In addition to the election of directors, stockholders ratified the appointment of S.R. Snodgrass, P.C. as independent auditors for the fiscal year ending December 31, 2025. The proposal passed with a total of 6,925,953 votes for, 41,637 against, and 305,356 abstentions. There were no broker non-votes for this proposal.
The results of the meeting reflect shareholder confidence in the elected board members and their independent auditors. The detailed voting outcomes provide transparency for shareholders and the public, underscoring the company’s adherence to corporate governance standards.
This information is based on a press release statement and the company’s Form 8-K filed with the Securities and Exchange Commission. The filing ensures that shareholders and the market are informed about key decisions and changes within the company, as required by SEC regulations. While the company trades at a relatively high P/E ratio of 163.45, InvestingPro data shows two analysts have recently revised their earnings expectations upward for the upcoming period.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.