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UNITED STATESPRIVATE

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 8-K

 

CURRENT REPORT

PURSUANT TO SECTIONS 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported):

May 21, 2025

 

QNB Corp.

(Exact name of registrant as specified in its charter)

 

Pennsylvania

0-17706

23-2318082

(State or other jurisdiction of incorporation or organization)

(Commission File Number)

(I.R.S. Employer Identification No.)

 

15 North Third Street, P.O. Box 9005, Quakertown, PA 18951-9005

(Address of principal executive offices, including zip code)

 

(215) 538-5600

(Registrant's telephone number, including area code)

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Securities registered pursuant to Section 12(b) of the Act: None.

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange on which registered

Common Stock

 

QNBC

 

N/A

 

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 communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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 5.07

Submission of Matters to a Vote of Security Holders

 

On May 20, 2025, the Company held its 2025 Annual Meeting of Shareholders for which the Board of Directors solicited proxies. At the Annual Meeting, the shareholders of the Company voted on the following proposals stated in the Proxy Statement dated April 8, 2025.

 

As of the record date for the Annual Meeting, holders of a total of 3,702,294 shares of the Company’s Common Stock were entitled to vote on the matters considered at the Annual Meeting. The proposals voted on and a record of the vote on each matter presented to the shareholders of the Company at the Annual Meeting were as follows:

 

 

Proposal No. 1: Election of Class I Directors to serve a term of three years and until their successors are elected:

 

Name

 

Votes For

 

Votes Withheld

 

Broker Non-Votes

Autumn R. Bayles

 

1,845,207

 

47,846

 

479,279

David W. Freeman

 

1,854,287

 

38,766

 

479,279

Ranajoy Ray-Chaudhuri

 

1,843,599

 

49,454

 

479,279

 

Proposal No. 2: To approve the compensation of our named executive officers:

 

Votes

Votes

Broker

For

Against

Abstain

Non-Votes

1,821,422

 

 

 

62,497

 

 

 

9,134

 

 

 

479,279

Proposal No. 3: Frequency of future advisory votes on the compensation of our named executive officers:

Broker

3 Years

2 years

1 Year

Abstain

Non-Votes

1,611,163

 

 

 

35,555

 

 

 

227,732

 

 

 

18,603

 

 

 

479,279

 

 

Proposal No. 4: To ratify the appointment of Baker Tilly US, LLP as QNB’s independent registered public accounting firm for 2025:

 

Votes For

 

Votes Against

 

Abstain

2,312,428

 

46,711

 

13,193

 

Proposal No. 5: To approve the QNB Corp. 2025 Equity Incentive Plan.

 

Votes

Votes

Broker

For

Against

Abstain

Non-Votes

1,739,149

 

 

 

136,040

 

 

 

17,864

 

 

 

479,279

 

 

 

 


 

SIGNATURES

 

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 thereunto duly authorized.

 

 

 

QNB Corp.

 

 

 

 

 

 

 

By:

/s/ Jeffrey Lehocky

 

 

Jeffrey Lehocky

 

 

Chief Financial Officer

 

 

 

 

Dated: May 21, 2025