QNB CORP. 8-K

What Happened
QNB Corp. (QNBC) filed an 8-K on May 13, 2026 announcing a planned leadership succession. Effective November 1, 2026, Christopher T. Cattie (currently Executive Vice President, Chief Operating Officer of QNB Bank) will become President of QNB Bank and will be appointed to the Boards of Directors of both QNB Bank and QNB Corp. David W. Freeman, the Company’s current President and Chief Executive Officer, will remain President and CEO of QNB Corp. and CEO of the Bank until his planned retirement on December 31, 2028. The filing states Mr. Cattie is expected to assume the roles of President and Chief Executive Officer of both the Company and the Bank upon Mr. Freeman’s retirement. A press release dated May 13, 2026 is attached as Exhibit 99.1.

Key Details

• Filing date: May 13, 2026 (Form 8-K).
• Effective Nov 1, 2026: Christopher T. Cattie named President of QNB Bank and added to the Boards of QNB Bank and QNB Corp.
• Current CEO timeline: David W. Freeman will continue as President & CEO of QNB Corp. and CEO of QNB Bank until planned retirement on Dec 31, 2028.
• Succession plan: Mr. Cattie is expected to take on President and CEO roles for both entities when Mr. Freeman retires.

Why It Matters
The company has provided a multi-year, announced transition plan that clarifies future leadership and board membership, reducing near-term uncertainty about executive succession. For investors, an orderly succession with an internal candidate (EVP/COO) suggests continuity in management and operations. The filing does not disclose any immediate compensation changes or other material terms tied to the transition; investors should watch future filings for formal CEO appointments, any compensation arrangements, or other governance updates.