2 unchanged sentences
Based upon that evaluation, management, including the Principal Executive Officer and Principal Financial Officer, have concluded that, as of the end of such period, the Corporation’s disclosure controls and procedures are effective to provide reasonable assurance that all material information required to be disclosed in reports the Corporation files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission’s rules and forms.
−Removed: Effective January 1, 2020, the Corporation adopted the CECL accounting standard.
−Removed: The Corporation designed new controls and modified existing controls as part of its adoption.
−Removed: These additional controls over financial reporting included controls over model creation and design, model governance, assumptions, and expanded controls over loan level data.
−Removed: There were no other changes to the Corporation's internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Management’s Report on Internal Control Over Financial Reporting
10 unchanged sentences
Based on our assessment and those criteria, management concluded that the Corporation maintained effective internal control over financial reporting as of December 31, 2021.
−Removed: The effectiveness of our internal control over financial reporting as of December 31, 2020 has been audited by Crowe LLP, an independent registered public accounting firm that audited the Corporation’s financial statements, as stated in their report which is located in Item 8 of this Annual Report on Form 10-K.
+Added: The effectiveness of our internal control over financial reporting as of December 31, 2021 has been audited by Crowe LLP , Columbus, OH , (U.S.
+Added: PCAOB Auditor Firm I.D.:
+Added: 173 ), an independent registered public accounting firm that audited the Corporation’s financial statements, as stated in their report which is located in Item 8 of this Annual Report on Form 10-K.
+Added: /s/ Joseph B.
President and Chief Executive Officer Treasurer and Principal Financial Officer
2 unchanged sentences
OTHER INFORMATION
+Added: DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS
DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
14 unchanged sentences
(a)(1) The following consolidated financial statements are set forth in Part II, Item 8:
+Added: Report of Independent Registered Public Accounting Firm
Consolidated Balance Sheets as of December 31, 2021 and 2020
13 unchanged sentences
Form of Depositary Receipt representing the Depositary Shares (included as Exhibit A to Exhibit 4.3 of the Registration Statement on Form 8-A filed on August 25, 2020)
+Added: Form of 3.25% Fixed-to-Floating Rate Subordinated Note due 2031 (incorporated by reference to Exhibit 4.1 to the Registrant’s Current Report on Form 8-K filed on June 3, 2021)
CNB Financial Corporation 2019 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.1 to the Registrant's Current Report on Form 8-K filed on April 18, 2019)
8 unchanged sentences
Lima (incorporated by reference to Exhibit 10.1 to the Registrant's Current Report on Form 8-K filed on March 24, 2020)
−Removed: Executive Employment Agreement, dated February 3, 2021, by and between CNB Financial Corporation, CNB Bank and Martin T.
−Removed: Griffith (incorporated by reference to Exhibit 10.1 to the Registrant's Current Report on Form 8-K filed on February 5, 2021)
+Added: Executive Employment Agreement, dated August 30, 2021, by and between CNB Financial Corporation, CNB Bank and Martin T.
+Added: Griffith (incorporated by reference to Exhibit 10.1 to the Registrant's Current Report on Form 8-K filed on September 3, 2021)
+Added: Form of Subordinated Note Purchase Agreement, dated June 3, 2021, by and among CNB Financial Corporation and the Purchasers identified therein (incorporated by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed on June 3, 2021)
+Added: Defined Contribution Plan for Tito L.
+Added: Lima, effective as of January 2, 2022 (incorporated by reference to Exhibit 10.1 to the Registration’s Current Report on Form 8-K filed on January 4, 2022)
List of subsidiaries of CNB Financial Corporation, filed herewith
13 unchanged sentences
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
+Added: (1) Indicates a management contract or compensatory plan.
FORM 10-K SUMMARY
19 unchanged sentences
(Principal Financial and Accounting Officer)
−Removed: /s/ Robert W.
−Removed: Montler /s/ Peter C.
−Removed: MONTLER, Director PETER C.
+Added: Michael Obi /s/ Peter C.
+Added: MICHAEL OBI, Director PETER C.
VARISCHETTI, Director
9 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.