Filing Analysis
Citizens Financial Services, Inc. announced its unaudited consolidated financial results for the second quarter of 2026 via a press release.
📋 Key Facts
- Reported date: July 30, 2026
- Reporting period: Second Quarter 2026
- CEO: Randall E. Black
- CFO: Stephen J. Guillaume
- The filing includes Exhibit 99.1 containing the press release of financial results.
Citizens Financial Services, Inc. announced the date for its upcoming 2026 annual meeting of shareholders.
📋 Key Facts
- The 2026 Annual Meeting of Shareholders is scheduled for Tuesday, April 21, 2026.
- Report filed on December 17, 2025, regarding an event occurring on December 16, 2025.
Citizens Financial Services, Inc. filed an 8-K to furnish its Third Quarter 2025 Investor Presentation under Regulation FD. The filing is a routine disclosure of investor materials and does not contain material non-public information or structural changes.
📋 Key Facts
- The company furnished an investor presentation (Exhibit 99.1) for the third quarter of 2025.
- The disclosure is made pursuant to Item 7.01 (Regulation FD Disclosure).
- The filing was signed by Stephen J. Guillaume, Chief Financial Officer, on October 30, 2025.
Citizens Financial Services, Inc. announced its unaudited consolidated financial results for the third quarter of 2025 via a press release issued on October 30, 2025.
📋 Key Facts
- Reporting period: Third Quarter 2025 (ended September 30, 2025).
- Announcement date: October 30, 2025.
- CEO Randall E. Black announced the results.
- The filing includes Exhibit 99.1 containing the press release of financial results.
Citizens Financial Services, Inc. filed an 8-K to provide notice of the use of investor presentation materials under Regulation FD. The filing includes the company's Second Quarter 2025 Investor Presentation as Exhibit 99.1.
📋 Key Facts
- The filing is made pursuant to Item 7.01 (Regulation FD Disclosure) and Item 9.01 (Financial Statements and Exhibits).
- The company intends to use the furnished materials in investor meetings.
- Exhibit 99.1 contains the Second Quarter 2025 Investor Presentation.
- Report date is July 30, 2025.
Citizens Financial Services, Inc. announced its unaudited consolidated financial results for the second quarter of 2025. The filing serves as a formal announcement of the earnings release issued on July 30, 2025.
📋 Key Facts
- Reporting period: Second Quarter 2025
- Report date: June 30, 2025
- Filing date: July 30, 2025
- CEO: Randall E. Black
- CFO: Stephen J. Guillaume
The company is filing this 8-K to disclose the determination and payment of annual incentive plan awards for named executive officers for fiscal year 2024. This follows a previous Proxy Statement where these amounts were not yet finalized.
📋 Key Facts
- On May 21, 2025, the Board completed bonus determinations for fiscal year 2024 under the Annual Incentive Plan.
- CEO Randall E. Black received a cash bonus of $545,991, bringing his total annual compensation to $1,399,597.
- COO Mickey L. Jones received a cash bonus of $169,681, bringing his total annual compensation to $497,146.
- SVP David Z. Richards, Jr. received a cash bonus of $83,265, bringing his total annual compensation to $486,388.
- Chief Credit Officer Jeffrey L. Willson received a cash bonus of $64,367, bringing his total annual compensation to $383,341.
- The median annual compensation for all employees is $50,586.
- The CEO pay ratio is 27.7.
Citizens Financial Services, Inc. filed an 8-K to furnish its First Quarter 2025 Investor Presentation under Regulation FD. This is a routine disclosure of investor materials and does not indicate any material change in corporate structure or financial health.
📋 Key Facts
- The filing was made on April 30, 2025.
- The company furnished an investor presentation (Exhibit 99.1) for the First Quarter of 2025.
- Disclosure is being made pursuant to Item 7.01 (Regulation FD Disclosure).
Citizens Financial Services, Inc. filed an 8-K to announce its unaudited consolidated financial results for the first quarter of 2025.
📋 Key Facts
- Reporting period: First Quarter 2025 (ended March 31, 2025).
- CEO Randall E. Black announced the results via press release on April 30, 2025.
- The filing includes Exhibit 99.1 containing the unaudited financial results.
Citizens Financial Services Inc. reported the results of its 2025 Annual Meeting of Shareholders held on April 15, 2025. The meeting included the election of directors, ratification of independent auditors, and an advisory vote on executive compensation.
🚩 Red Flags
- Board size reduction following Alletta M. Schadler's retirement (Company Board reduced from 13 to 12; Bank Board from 14 to 13).
📋 Key Facts
- Annual Meeting held on April 15, 2025.
- John P. Painter II elected as Class 1 director (term until 2027).
- Thomas E. Freeman, Christopher W. Kunes, Terry B. Osborne, and David Z. Richards, Jr. elected as Class 2 directors (terms until 2028).
- S.R. Snodgrass, P.C. ratified as the independent registered public accounting firm for fiscal year ending Dec 31, 2025.
- Shareholders approved executive compensation via a non-binding advisory vote.
- Alletta M. Schadler retired from both the Company and Bank Boards prior to the meeting.
Citizens Financial Services, Inc. filed an 8-K to provide notice of a presentation being delivered at the 2025 Annual Meeting of Shareholders on April 15, 2025.
📋 Key Facts
- The company is conducting a presentation at its 2025 Annual Meeting of Shareholders.
- The presentation was dated April 15, 2025.
- Information provided under Item 7.01 is furnished rather than filed for purposes of Section 18 liability.
Citizens Financial Services, Inc. filed an 8-K to furnish its Fourth Quarter 2024 Investor Presentation via Item 7.01 (Regulation FD Disclosure). The filing is intended for use in investor meetings and does not constitute a formal material event or financial restatement.
📋 Key Facts
- The company furnished an investor presentation related to the Fourth Quarter of 2024.
- Filing date: January 30, 2025.
- The information is provided under Item 7.01 (Regulation FD Disclosure) and is not considered 'filed' for purposes of Section 18 liability.
- Exhibit 99.1 contains the Fourth Quarter 2024 Investor Presentation.
Citizens Financial Services, Inc. filed an 8-K to announce its unaudited consolidated financial results for the fourth quarter and full year of 2024. The filing serves as a formal notification that earnings results were released via press release on January 30, 2025.
📋 Key Facts
- Reporting period: Fourth Quarter and Full Year 2024 (ending December 31, 2024).
- Announcement date: January 30, 2025.
- CEO: Randall E. Black announced the results.
- The financial results are unaudited and were released via press release (Exhibit 99.1).
Citizens Financial Services, Inc. has entered into change in control agreements for two key executives following a potential shift in corporate structure involving First Citizens Community Bank.
🚩 Red Flags
- The filing implies an imminent or pending change in control involving First Citizens Community Bank, which often leads to management restructuring.
- Triggering 'Change in Control' clauses for the CFO typically signals a transition period that can cause leadership instability.
📋 Key Facts
- On December 31, 2024, Change in Control Agreements were entered into with David Z. Richards, Jr. (Senior Executive VP) and Stephen J. Guillaume (CFO).
- The agreements are triggered if employment is terminated by the Bank without 'Cause' or by the executive for 'Good Reason' during specific windows related to a change in control.
- Severance benefits include a lump sum payment of 1x annual base salary and 18 months of continued health and disability insurance coverage.
Citizens Financial Services, Inc. announced the date for its upcoming 2025 annual meeting of shareholders.
📋 Key Facts
- The 2025 Annual Meeting of Shareholders is scheduled for Tuesday, April 15, 2025.
Citizens Financial Services, Inc. filed an 8-K to furnish its Third Quarter 2024 Investor Presentation via Item 7.01 (Regulation FD Disclosure). This is a routine disclosure of investor materials used in meetings with analysts and investors.
📋 Key Facts
- Filing date: October 30, 2024
- The company furnished an investor presentation as Exhibit 99.1.
- The filing pertains to the Third Quarter 2024 results/updates.
- Information is provided under Item 7.01 (Regulation FD Disclosure) and is not considered 'filed' for purposes of Section 18 liability.
Citizens Financial Services, Inc. filed an 8-K to announce its unaudited consolidated financial results for the third quarter of 2024.
📋 Key Facts
- Report date: September 30, 2024; Filing date: October 30, 2024.
- The filing pertains to Item 2.02 (Results of Operations and Financial Condition).
- CEO Randall E. Black announced the unaudited results via press release.
Citizens Financial Services, Inc. filed an 8-K to furnish its Second Quarter 2024 Investor Presentation under Regulation FD. The filing is intended for use in investor meetings and does not constitute a formal material agreement or financial restatement.
🚩 Red Flags
- None identified in this filing.
📋 Key Facts
- The company furnished an investor presentation (Exhibit 99.1) regarding its Second Quarter 2024 results.
- Filing date: July 31, 2024.
- The information is provided under Item 7.01 (Regulation FD Disclosure).
- The materials are intended for use in meetings with investors.
Citizens Financial Services, Inc. announced its unaudited consolidated financial results for the second quarter of 2024 via a press release issued on July 30, 2024.
📋 Key Facts
- Reporting period: Second Quarter 2024 (ended June 30, 2024).
- CEO Randall E. Black announced the results.
- Results are unaudited and were released via press release on July 30, 2024.
Citizens Financial Services, Inc. announced the appointment of Jeffrey R. White as Chief Operating Officer and the election of two new directors, Terry B. Osborne and John P. Painter II, to its Board of Directors.
📋 Key Facts
- Jeffrey R. White appointed as Chief Operating Officer effective July 11, 2024.
- Mr. White previously served as Deputy Chief Risk Officer at Northwest Bancshares, Inc.
- Terry B. Osborne and John P. Painter II were appointed to the Board of Directors on July 16, 2024.
- John P. Painter II will serve on the Audit and Examination Committee.
The Company amended its Supplemental Employee Retirement Plan (SERP) to modify the calculation of retirement benefits for President and CEO Randall E. Black.
🚩 Red Flags
- Modification of executive compensation structure (SERP) can sometimes be a precursor to leadership transition or an attempt to lock in benefits for departing executives.
📋 Key Facts
- Amendment dated June 18, 2024, regarding the Third Amendment to the SERP.
- Modifies 'Final Average Pay' calculation for CEO Randall E. Black.
- New calculation method: Uses highest average annual compensation from any three non-consecutive completed calendar years within the ten years preceding termination/role change, rather than the three consecutive years previously used.
Citizens Financial Services Inc. filed this 8-K to disclose the determination and payment of annual incentive plan awards for named executive officers for fiscal year 2023, which were not finalized at the time of the company's Proxy Statement filing.
📋 Key Facts
- CEO Randall E. Black received a cash bonus of $519,918 for FY2023.
- COO Mickey L. Jones received a cash bonus of $230,541 for FY2023.
- David Z. Richards, Jr. received an $80,236 bonus (70% cash, 30% restricted shares).
- The Restricted Share Award to Mr. Richards consists of 557 shares with a grant date fair value of $24,035.
- Median annual compensation for all employees was determined to be $41,841.
- The CEO pay ratio is disclosed as 30.1:1.
Citizens Financial Services, Inc. filed an 8-K to announce its unaudited consolidated financial results for the first quarter ended March 31, 2024.
📋 Key Facts
- Reporting period: First Quarter 2024 (ended March 31, 2024).
- CEO Randall E. Black announced the unaudited results via press release on April 25, 2024.
- The filing includes Exhibit 99.1 containing the full press release of financial results.
Citizens Financial Services, Inc. announced the retirement of Mickey L. Jones, Senior Executive Vice President and Chief Operating Officer, effective June 7, 2024. The filing also reports results from the company's 2024 Annual Meeting of Shareholders.
🚩 Red Flags
- Departure of a Senior Executive Vice President/COO (though framed as retirement).
📋 Key Facts
- Mickey L. Jones (SVP and COO) will retire on June 7, 2024.
- The 2024 Annual Meeting of Shareholders was held on April 16, 2024.
- Shareholders ratified S.R. Snodgrass, P.C. as the independent registered public accounting firm for fiscal year 2024.
- Shareholders approved executive compensation via a non-binding advisory vote.
- The Board of Directors size was reduced from 12 to 11 members following a retirement.
- Shareholders voted to hold the advisory vote on executive compensation on an annual basis.
Citizens Financial Services, Inc. filed an 8-K to announce a presentation being delivered at the company's 2024 Annual Meeting of Shareholders on April 16, 2024.
📋 Key Facts
- The filing is related to Item 7.01 (Regulation FD Disclosure).
- An investor presentation was issued on April 16, 2024, as Exhibit 99.1.
- The presentation was delivered during the 2024 Annual Meeting of Shareholders.
Citizens Financial Services, Inc. announced its unaudited consolidated financial results for the fourth quarter and full year of 2023 on January 30, 2024.
📋 Key Facts
- Reporting date: January 30, 2024
- Period covered: Fourth Quarter and Full Year 2023
- CEO Randall E. Black announced the results via press release.
- Financial results are unaudited.