Citizens Financial OKs 2026 equity incentive plan
Citizens Financial Services, Inc. reported results from its 2026 annual meeting of shareholders held on April 21, 2026.
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Form Type
8-K
Rhea-AI Filing Summary
Citizens Financial Services, Inc. reported results from its 2026 annual meeting of shareholders held on April 21, 2026. Shareholders approved the 2026 Equity Omnibus Incentive Plan, which reserves up to 250,000 shares of common stock for future equity awards to employees, directors, and certain advisers. Five Class 3 directors were elected to serve until the 2029 annual meeting, the appointment of S.R. Snodgrass as independent auditor for the fiscal year ending December 31, 2026 was ratified, and a non-binding advisory vote approved the compensation of named executive officers.
8-K Event Classification
4 items: 5.02, 5.07, 8.01, 9.01
4 items
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.
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Equity plan share reserve: 250,000 shares
Plan term end: April 20, 2036
Equity plan votes for: 2,219,905 votes
+4 more
7 metrics
Equity plan share reserve
250,000 shares
Maximum common shares issuable under 2026 Equity Omnibus Incentive Plan
Plan term end
April 20, 2036
Termination date for 2026 Equity Omnibus Incentive Plan unless earlier changed
Equity plan votes for
2,219,905 votes
Shareholder approval of 2026 Equity Omnibus Incentive Plan
Equity plan votes against
484,486 votes
Shareholder opposition to 2026 Equity Omnibus Incentive Plan
Auditor ratification votes for
3,335,928 votes
Ratification of S.R. Snodgrass as 2026 independent auditor
Say-on-pay votes for
2,233,576 votes
Non-binding advisory approval of named executive officer compensation
Annual meeting date
April 21, 2026
Date of Citizens Financial’s 2026 annual meeting of shareholders
Key Terms
2026 Equity Omnibus Incentive Plan, non-binding advisory vote, broker non-votes, independent registered public accounting firm, +1 more
5 terms
2026 Equity Omnibus Incentive Plan financial
"the shareholders of Citizens Financial Services, Inc. ... approved the Citizens Financial Services, Inc. 2026 Equity Omnibus Incentive Plan"
non-binding advisory vote regulatory
"the Company’s shareholders approved, by non-binding advisory vote, the compensation of the Company’s named executive officers"
A non-binding advisory vote is a shareholder vote that expresses investors’ opinion on a proposal (such as executive pay, corporate policy, or governance practices) but does not legally force the company to act. Think of it like a customer survey: it signals whether owners approve or disapprove and can pressure boards and managers to change course, so investors watch the result as an indicator of governance risk and potential future shifts in company strategy or leadership.
broker non-votes regulatory
"Votes For ... Votes Against ... Abstentions ... Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
independent registered public accounting firm financial
"ratified the appointment of S.R. Snodgrass, P.C. as the Company’s independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
restricted stock units (RSUs) financial
"The 2026 Plan provides for the grant of options, SARs, restricted stock, RSUs, deferred stock units"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When does the Citizens Financial Services 2026 Equity Omnibus Incentive Plan expire?
The 2026 Equity Omnibus Incentive Plan will terminate on April 20, 2036, the day before the tenth anniversary of its April 21, 2026 effective date, unless it is earlier terminated or extended with shareholder approval under its terms.
Which directors were elected at the Citizens Financial Services 2026 annual meeting?
Shareholders elected five Class 3 directors: Randall E. Black, Joseph B. Bower, Jr., Rinaldo A. DePaola, Janie M. Hilfiger, and Mickey L. Jones. Each will serve a three-year term until the April 2029 annual meeting, or until a successor is elected and qualified.
Who was appointed as Citizens Financial Services’ independent auditor for 2026?
Shareholders ratified S.R. Snodgrass (also referenced as S.R. Snodgrass, P.C./A.C.), Certified Public Accountants, as Citizens Financial Services’ independent registered public accounting firm for the fiscal year ending December 31, 2026, based on the voting results disclosed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
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