NEW YORK, April 11, 2014 /PRNewswire/ -- 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 Penns Woods Bancorp Inc. ("Penns Woods" or the
"Company") (NasdaqGS: PWOD) for potential breaches of fiduciary
duties in connection with their conduct in seeking shareholders'
approval of the 2014 Penns Woods Bancorp, Inc. Stock Incentive
Plan.
Specifically, in the Proxy Statement filed by the Company with
the Securities and Exchange Commission on March 27, 2014, the Board of Directors recommends
that Penns Woods's shareholders vote to approve the 2014 Penns
Woods Bancorp, Inc. Stock Incentive Plan to authorize an increase
of the total aggregate number of shares of the common stock by
12 1/2 percent of the total issued and outstanding shares on
April 30, 2014 (approximately 602,500
shares), which may be adjusted annually. The issuance of the
additional shares could have a substantial dilutive effect on the
shares of Penns Woods common stock.
Request more information now by clicking here:
www.faruqilaw.com/PWOD. There is no cost or obligation to
you.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, shareholder, antitrust and
consumer litigation, throughout all phases of litigation. The
firm has an experienced trial team which has achieved significant
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If you own common stock in Penns Woods and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/PWOD or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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Faruqi, LLP (www.faruqilaw.com). Prior results do not
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matter. We are happy to discuss your particular case.
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