Faruqi & Faruqi, LLP Launches An Investigation Against Norwood Financial Corp. (NWFL) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Norwood Financial Corp. (“Norwood” or the “Company”) (NasdaqGM: NWFL) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the 2014 Equity Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 21, 2014, the Board of Directors recommends that Norwood’s shareholders vote to approve the issuance of shares of the common stock by 250,000 under the 2014 Equity Incentive Plan. The issuance of these shares could have a substantial dilutive effect on the shares of Norwood common stock.
If you own common stock in Norwood and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.