CODORUS VALLEY BANCORP, INC. (NASDAQ:CVLY) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03
On April 14, 2020, the Board of Directors of Codorus Valley Bancorp, Inc. (the “Company”) amended Section 2.1 of Article 2 of the Company’s bylaws and Section 3.1 of Article 3 of the Company’s bylaws to add language to permit holding meetings of shareholders by means of internet or other electronic communications technology and to provide that the presence or participation by a shareholder at a meeting of shareholders, including voting and taking other action by electronic means, including the internet, will constitute the presence of, or vote or action by, the shareholder at the meeting for the purpose of establishing a quorum.
The amendments to the Company’s bylaws are attached hereto as Exhibit 3.1.
On April 20, 2020, the Company issued a press release announcing that, due to the emerging health concerns relating to the coronavirus (COVID-19) pandemic, the previously scheduled annual meeting of shareholders on May 19, 2020 will now be held as a virtual meeting. Shareholders will not be able to attend the annual meeting in person, but will have the ability to participate in the meeting by virtual means, to vote their shares electronically and to submit their questions during the virtual meeting. Although shareholders will not be able to attend the annual meeting in person, virtual attendance capabilities will provide shareholders the ability to participate and ask questions during the meeting. Additionally, shareholders will be deemed to be "present" if they access the annual meeting through the virtual platform and they will be able to vote their shares at the annual meeting, or revoke or change a previously submitted vote, through the virtual platform.
The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
(d) Exhibits:
| 3.1 | Amendments to Section 2.1 and Section 3.1 of the Company’s bylaws. |
| 99.1 | Press release dated April 20, 2020. |
CODORUS VALLEY BANCORP INC Exhibit
EX-3.1 2 codorus200645_ex3-1.htm AMENDMENTS TO SECTION 2.1 AND SECTION 3.1 OF THE COMPANY\’S BYLAWS EXHIBIT 3.1 CODORUS VALLEY BANCORP,…
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About CODORUS VALLEY BANCORP, INC. (NASDAQ:CVLY)
Codorus Valley Bancorp, Inc. is a bank holding company. The Company provides a range of banking services through its subsidiary, PeoplesBank, A Codorus Valley Company (PeoplesBank). The Company operates through the community banking segment. PeoplesBank is a chartered bank that offers a range of business and consumer banking services. PeoplesBank provides personal banking, mortgage banking, wealth management and real estate settlement services. PeoplesBank operates approximately 20 financial centers located in York and Cumberland Counties in Pennsylvania, and in Baltimore, Harford and Carroll Counties, and Baltimore City in Maryland. The Company’s loan portfolio consists of commercial related loans and consumer related loans. The Company’s deposits include noninterest bearing demand, negotiable order of withdrawal (NOW), money market, savings and time deposits.
