CITIZENS Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(e) On June 26, 2017, Citizens & Northern Corporation (the "Corporation") and its wholly-owned subsidiary, Citizens & Northern Bank (the "Bank"), and J. Bradley Scovill, President and CEO of the Corporation and the Bank, entered into an amendment to Mr. Scovill’s existing Employment Agreement which extends the end date of the initial Employment Period under the Employment Agreement by one (1) year from March 1, 2018 until March 1, 2019.
In all other respects, the Employment Agreement, as amended, remains in full force and effect.
The above summary of the amendment is qualified in its entirety by reference to the full text of the Amendment, which is attached here as Exhibit 10.1 and incorporated herein by reference.
ITEM 9.01. Financial Statements and Exhibits
(d) Exhibits.
10.1 Amendment No. 1 to Employment Agreement by and among Citizens & Northern Corporation, Citizens & Northern Bank and J. Bradley Scovill, dated June 26, 2017.
CITIZENS & NORTHERN CORP ExhibitEX-10.1 2 v469779_ex10-1.htm EXHIBIT 10.1 Exhibit 10.1 AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT This Amendment No. 1 to Employment Agreement (the "Amendment") is made this 26th day of June,…To view the full exhibit click here About CITIZENS & NORTHERN CORPORATION (NASDAQ:CZNC)
Citizens & Northern Corporation is a holding company whose principal activity is community banking. The Company, through its subsidiaries, is primarily engaged in providing a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State. The Company operates through Community Banking segment. The Company offers lending products, including mortgage loans, commercial loans and consumer loans, as well as specialized instruments, such as commercial letters-of-credit. Its deposit products include various types of checking accounts, passbook and statement savings, money market accounts, interest checking accounts, Individual Retirement Accounts (IRAs) and certificates of deposit. It also offers non-insured Repo Sweep accounts. It provides trust and financial management services, including administration of trusts and estates, retirement plans, and other employee benefit plans, and investment management services.