Mid Penn Bancorp Holds Annual Meeting, Shares Drop 2.3%

By Bobby Samwell • Tuesday, May 12 13:04 • Permanent Link

Mid Penn Bancorp used its annual meeting to put a few hard numbers in front of shareholders.

The company asked investors to elect five Class A directors to three-year terms: Thomas R. Brugger, Albert J. Evans, Joel L. Frank, Brian A. Hudson, Sr. and John E. Noone. It also sought a non-binding advisory vote on executive compensation and asked shareholders to ratify Deloitte & Touche LLP as its independent registered public accounting firm for the year ending Dec. 31, 2026.

The board’s full slate of directors presented at the meeting totaled 13, including Chairman, President and CEO Rory G. Ritrievi and Chief Corporate Development Officer Kenneth J. Stephon, alongside 11 other board members.

The meeting agenda contained three shareholder votes: election of 5 directors advisory approval of executive pay * ratification of Deloitte & Touche LLP for 2026

The director nominations were for a full three-year term, while the auditor appointment covered the 2026 fiscal year. As a result of these announcements, the company's shares have moved -2.3% on the market, and are now trading at a price of $31.46. Check out the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.