WNEB Western New England Bancorp Inc

On May 11, 2023, Western New England Bancorp, Inc., (the “Company) held its Annual Meeting of Shareholders (the “Annual Meeting”). There were 22,328,211 shares of common stock eligible to be voted at the Annual Meeting and 18,741,287 shares of common stock were presented in person or represented by proxy at the Annual Meeting, which constituted a quorum to conduct business.

There were four proposals submitted to the Company’s shareholders at the Annual Meeting.  The shareholders elected the nominees listed in Proposal 1, approved Proposals 2 and 4, and voted for “every 1 year” for Proposal 3. Proposals 1, 2, 3 and 4 are detailed in the Company’s Proxy Statement on Schedule 14A which was filed with the Securities and Exchange Commission on March 31, 2023. The final results of voting on each of the proposals are as follows:

Proposal 1: Consideration and vote upon a proposal to elect four Directors of the Company for a three-year term expiring in 2026.

Proposal 2: Consideration and approval of a non-binding advisory resolution on the compensation of the Company’s Named Executive Officers.

Proposal 3: Consideration and approval of a non-binding advisory vote on the frequency of an advisory vote on the compensation of the Company’s Named Executive Officers.

Based on the results of the vote, and consistent with the recommendation of the Board of Directors of the Company, the Board of Directors of the Company has determined to hold an advisory vote on the executive compensation of the Company’s Named Executive Officers each year until the next required advisory vote on the frequency of advisory votes on executive compensation.

Proposal 4: Consider and vote upon a proposal for the ratification of the appointment by the Company’s Board of Directors of Wolf & Company, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023.