LCNB Corp. Announces Results of Annual Shareholder Meeting – Key Votes and Corporate Updates

LEBANON, OH – April 30, 2026: LCNB Corp. (NASDAQ: LCNB), a leading Ohio-based national commercial bank, has released the results of its Annual Shareholder Meeting held on April 27, 2026. This report covers critical resolutions voted upon by shareholders, director elections, executive compensation approvals, and auditor ratification. Investors should pay close attention, as these actions could influence LCNB’s governance, future direction, and potentially the share price.

Key Points from the Annual Meeting

• Election of Directors: Shareholders elected two Class III directors to serve until the 2029 annual meeting.
  • William H. Kaufman: Elected with 7,693,155 votes “For” and 165,329 votes “Withheld”.
  • Craig M. Johnson: Elected with 7,525,388 votes “For” and 333,096 votes “Withheld”.
  • There were 2,991,146 broker non-votes for each director candidate.
• Advisory Vote on Executive Compensation:
  • Shareholders approved the compensation of named executive officers: 7,082,511 votes “For”, 412,126 “Against”, and 363,847 “Abstain”.
  • There were 2,991,146 broker non-votes on this proposal.
• Ratification of Auditor:
  • Appointment of Plante & Moran, PLLC as independent registered accounting firm for fiscal year ending December 31, 2026 was ratified with 10,679,369 votes “For”, 71,764 “Against”, and 98,497 “Abstain”.
  • No broker non-votes for this proposal.

Shareholder Information and Potential Impact on Share Value

• Corporate Governance Stability: The strong support for the director nominees and executive compensation suggests shareholder confidence in LCNB’s management and strategic direction.
• Executive Compensation Approval: The advisory vote passed comfortably, indicating that investors are satisfied with how executives are compensated, which can contribute to management stability and operational continuity.
• Auditor Continuity: The ratification of Plante & Moran, PLLC as auditor (with overwhelming support) reinforces financial reporting reliability, which is crucial for investor confidence.
• No Emerging Growth Company Status: LCNB is not classified as an emerging growth company, which may affect its regulatory compliance and reporting requirements.
• No Changes to Company Name or Address: The company confirmed that there were no changes to its name or address since the last report.

Price-Sensitive and Shareholder-Relevant Matters

• Director Elections Could Influence Future Strategy: Director elections are always a focal point for investors, as new board members can bring fresh perspectives or ensure continuity. Both elected directors have previously served, suggesting ongoing stability.
• Executive Compensation Approval May Impact Investor Sentiment: If compensation was not approved, it could signal shareholder discontent and impact management morale or investor confidence. The clear approval is positive for LCNB.
• Auditor Ratification Ensures Reporting Integrity: A change or rejection in auditor ratification could trigger concerns over financial transparency. The unopposed ratification is a reassuring signal.

Other Noteworthy Disclosures

• No written communications, soliciting material, or pre-commencement tender offers were included in this filing, indicating no ongoing merger, acquisition, or takeover activities.
• LCNB’s common shares continue to trade on the NASDAQ Capital Market under the ticker symbol LCNB.

Conclusion

Overall, the results of the annual meeting reaffirm shareholder confidence in LCNB Corp.’s leadership and financial reporting practices. The approval of directors and executive compensation, together with auditor ratification, suggests continued stability and governance integrity. While no controversial or unexpected items were presented, these results are positive for existing shareholders and may be interpreted as supportive of the current share value, barring any external macroeconomic factors.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with a financial advisor regarding any investment in LCNB Corp. The information is based on official filings and is accurate as of the date of publication.

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