Citizens Financial Services Inc. has announced the determination and payment of its Annual Incentive Plan awards for the fiscal year 2024. The Board of Directors completed this assessment on May 21, 2025, and disclosed the bonus amounts for the company's named executive officers. This update, filed under Form 8-K, complements the earlier Proxy Statement from March 2025 that lacked these details. Key executives, including CEO and President Randall E. Black, are included in this announcement. Additionally, the company disclosed the CEO pay ratio, marking the seventh consecutive year of such transparency, by evaluating the compensation of all employees as of December 31, 2024.
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