Princeton Bancorp, Inc.
For the period ended Apr 22, 2025. Filed Mar 25, 2025.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Apr 22, 2025 · Filed Mar 25, 2025
Contents
Nomination Process
The board of directors has a nomination committee that makes reports and recommendations to the board from time to time, but no less frequently than annually, regarding the size of the board and board nominees.
The current members of the board of directors have a diversity of experience and a wide variety of backgrounds, skills, qualifications, and viewpoints that strengthen their ability to carry out their oversight role on behalf of our shareholders. The following matrix is provided to illustrate the knowledge, skills and experience of the directors that serve on our board. The matrix does not encompass all of the knowledge, skills and experience of our directors, and the fact that a particular knowledge, skill or experience is not listed does not mean that a director does not possess it. In addition, the absence of a particular knowledge, skill or experience with respect to any of our directors does not mean the director in question is unable to contribute to the decision-making process in that area. However, the matrix indicates a specific area of focus or expertise that the directors bring to our board. More information on each director’s qualifications and background can be found in the director biographies below. Our nomination committee regularly reviews the attributes required of board members in order to better facilitate our long-term goals and operational performance, enhance our corporate culture and promote diversity and inclusiveness at our company.
The following matrix shows those skills and the number of directors having each skill, highlighting the diversity of skills on the board of directors, as well as age and board tenure information.
| Director Experience | Number ofDirectors | Director Tenure | Number ofDirectors |
|---|---|---|---|
| Business Generation | 9 | Less than Eight Years | 2 |
| Mergers and Acquisitions | 1 | Nine to Fifteen Years | 1 |
| Public Company Executive | 2 | Greater than Fifteen Years | 6 |
| Accounting/Finance | 6 | ||
| Branding/Marketing | 3 | Director Age | |
| Regulatory | 4 | 45 to 55 | 1 |
| Real Estate | 5 | 55 to 65 | 2 |
| Asset/Liability Management | 7 | 65 to 75 | 2 |
| Tech and Cyber | 1 | 75 and Over | 4 |
| Community Reinvestment | 5 | ||
The board of directors has nominated the nine director candidates identified in this proxy statement, and it is intended that the proxies solicited by the board of directors will be voted “FOR” the election of each of the board of directors’ director nominees (unless the shareholder otherwise directs). If, for any reason, any board of directors’ director nominee becomes unavailable for election or service on the board of directors, the proxy solicited by the board of directors will be voted for such substituted director nominee as is selected by the board of directors. The board of directors has no reason to believe that any of the director nominees are not available or will not serve if elected.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.