WILLIAMSPORT, Pa., May 8, 2014 (GLOBE NEWSWIRE) -- Penns Woods Bancorp, Inc., (Nasdaq:PWOD) the holding company of Jersey Shore State Bank and Luzerne Bank, recently held its annual shareholders' meeting. Richard A. Grafmyre, CFP® President and CEO, presided over the meeting.
President Grafmyre and Brian L. Knepp, CPA, Senior Vice President/CFO; discussed the company's performance during 2013, future strategic initiatives planned as well as issues that face the entire financial services industry.
The following directors were re-elected to serve three-year terms for the corporation:
- James M. Furey, II
- Richard A. Grafmyre, CFP®
- D. Michael Hawbaker
- John G. Nackley
- Proposal to amend the Articles of Incorporation to reduce the supermajority shareholder vote necessary to approve acquisitions of other companies was approved
- Proposal to ratify the appointment of S.R. Snodgrass, P.C. as the company's independent registered public accounting firm was ratified
- Proposal to adopt the 2014 Penns Woods Bancorp, Inc. Stock Incentive Plan was approved
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