Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers;
On January 26, 2023, Matthew T. Long, Senior Executive Vice President, Chief
Operating Officer of ENB Financial Corp's (the "Corporation") wholly-owned
subsidiary, Ephrata National Bank (the "Bank") transitioned from his position
with the Bank effective immediately. The Bank intends to commence a search to
identify his permanent successor.
As a result of the transition from employment, on January 26, 2023, Chad E.
Neiss, Senior Executive Vice President, Chief Strategy Officer & Head of
Mortgage Division of the Bank was appointed to serve as the Bank's Interim Chief
Operating Officer pending the identification of a permanent successor for the
Chief Operating Officer position. Mr. Neiss, age 49, has served as an officer of
the Bank since 2014. Mr. Neiss will receive quarterly goal-based compensation
for the additional duties as Interim Chief Operating Officer of the Bank. Mr.
Neiss is party to an Employment Agreement with the Corporation and Bank as
disclosed and described in a previous Current Report on Form 8-K filing dated
November 1, 2022. Mr. Neiss's employment agreement is attached hereto as Exhibit
10.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
The following exhibits are filed in this Current Report.
Exhibit Description
Number
10.01 Employment Agreement by and among ENB Financial Corp, The Ephrata
National Bank and Chad E. Neiss dated as of October 28, 2022
(Incorporated by reference to Exhibit 10.1 of the Corporation's
Current Report on Form 8-K filed with the SEC on November 1, 2022).
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
2
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