CNB Financial director Gary Olson to step down

CNB Financial Corporation reported that director Gary Olson has resigned from its Board of Directors for personal reasons, effective July 31, 2026.

Rhea-AI Filing Summary

CNB Financial Corporation reported that director Gary Olson has resigned from its Board of Directors for personal reasons, effective July 31, 2026. The company states that his resignation is not due to any disagreement regarding its operations, policies, or practices. Olson is also resigning from the board of the company’s subsidiary, CNB Bank, effective the same date. The report is signed on behalf of the company by Treasurer Tito L. Lima on July 10, 2026.

Insights

Corporate governance analyst

Director resigns for personal reasons with no stated dispute.

The disclosure notes that Gary Olson will leave the boards of CNB Financial Corporation and its subsidiary CNB Bank effective July 31, 2026. Crucially, the company states his resignation is not related to any disagreement over operations, policies, or practices.

This framing characterizes the move as a personal decision rather than a governance conflict. Investors may later look to subsequent disclosures for information on any replacement director or changes in board composition, but no such details are provided here.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

Notification date: July 6, 2026 Resignation effective date: July 31, 2026 Report signature date: July 10, 2026

3 metrics

Notification date July 6, 2026 Date Gary Olson notified the company of his resignation

Resignation effective date July 31, 2026 Effective date of Gary Olson’s resignation from both boards

Report signature date July 10, 2026 Date Treasurer Tito L. Lima signed the report on behalf of the company

Key Terms

Emerging growth company, Non-Cumulative, Perpetual Preferred Stock, Depositary Shares

3 terms

Emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Non-Cumulative, Perpetual Preferred Stock financial

"7.125% Series A Non-Cumulative, Perpetual Preferred Stock"

Depositary Shares financial

"Depositary Shares (each representing a 1/40th interest in a share"

Depositary shares are tradable certificates that represent a fractional piece of a larger security held by a third-party bank, like owning a slice of a single big pie instead of the whole pie. They let companies issue and investors buy smaller, more affordable portions of preferred stock or other instruments; holders usually receive proportional dividends and market pricing similar to ordinary shares, but may have limited voting rights and different liquidity or tax implications, which can affect income and resale value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What director change did CNB Financial Corporation (CCNE) disclose on July 6, 2026?

CNB Financial Corporation disclosed that director Gary Olson notified the company on July 6, 2026 of his decision to resign from the Board of Directors for personal reasons, effective July 31, 2026.

Did Gary Olson’s resignation from CNB Financial (CCNE) involve any disagreement with the company?

The company states that Gary Olson’s resignation was not the result of any disagreement with CNB Financial Corporation regarding its operations, policies, or practices, characterizing the departure as due to personal reasons.

When will Gary Olson’s resignation from CNB Financial (CCNE) and CNB Bank be effective?

Gary Olson’s resignation from both the Board of Directors of CNB Financial Corporation and its subsidiary CNB Bank will be effective on July 31, 2026, according to the company’s disclosure.

Does Gary Olson’s resignation affect only CNB Financial (CCNE) or also its subsidiary CNB Bank?

The resignation affects both entities. Gary Olson is resigning from the Board of Directors of CNB Financial Corporation and from the Board of Directors of its subsidiary CNB Bank, effective July 31, 2026.

Who signed the CNB Financial Corporation (CCNE) report disclosing Gary Olson’s resignation?

The report was signed on behalf of CNB Financial Corporation by Tito L. Lima, the company’s Treasurer, dated July 10, 2026, fulfilling the signature requirement under the Securities Exchange Act of 1934.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/10/2026 - 08:30 AM Learn about SEC filing dates

CNB FINANCIAL CORP/PA false 0000736772 0000736772 2026-07-06 2026-07-06 0000736772 us-gaap:CommonStockMember 2026-07-06 2026-07-06 0000736772 us-gaap:SeriesAPreferredStockMember 2026-07-06 2026-07-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 6, 2026

CNB FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Pennsylvania		001-39472		25-1450605
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

1 South Second Street

PO Box 42

Clearfield, Pennsylvania 16830

(Address of principal executive offices, zip code)

Registrant’s telephone number, including area code: (814) 765-9621

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol		Name of each exchange on which registered
Common Stock, no par value		CCNE		The NASDAQ Stock Market LLC
Depositary Shares (each representing a 1/40th interest in a share of 7.125% Series A Non-Cumulative, Perpetual Preferred Stock)		CCNEP		The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On July 6, 2026, Gary Olson, a member of the Board of Directors of CNB Financial Corporation (the “Company”), notified the Company of his resignation from the Company’s Board of Directors for personal reasons, effective July 31, 2026. Mr. Olson’s resignation was not the result of any disagreement between the Company and Mr. Olson on any matter relating to the Company’s operations, policies or practices.

In addition to resigning from the Board of Directors of the Company, Mr. Olson resigned from the Board of Directors of the Company’s subsidiary bank, CNB Bank, effective July 31, 2026. 

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: July 10, 2026				By:		/s/ Tito L. Lima
						Tito L. Lima
						Treasurer

Filing Exhibits & Attachments

4 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 4.1 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 13.4 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 22.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 14.3 KB