M&A - William Penn Bancorporation

Form Type: 8-K

Filing Date: 2025-04-03

Corporate Action: Merger

Type: New

Accession Number: 000182837625000019

Filing Summary: On April 2, 2025, a special meeting of shareholders of William Penn Bancorporation was held to consider matters related to the Agreement and Plan of Merger with Mid Penn Bancorp, Inc. The merger involves the acquisition of William Penn in an all-stock transaction. The record date for voting was January 31, 2025, with 9,208,217 shares of common stock outstanding, and a quorum was reached by the presence or representation of 6,105,179 shares. The shareholders approved the merger proposal with 5,822,391 votes in favor, while 226,058 votes were against it and 56,730 abstained. The proposal to adjourn the meeting for additional proxy solicitation was withdrawn due to the approval of the merger proposal. A joint press release confirming the approval by shareholders of both companies was also issued on the same day. For more details, refer to the definitive proxy statement filed on February 11, 2025.

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Form Type: 425

Filing Date: 2025-03-28

Corporate Action: Merger

Type: New

Accession Number: 000110465925029391

Filing Summary: On March 28, 2025, William Penn Bancorporation and Mid Penn Bancorp, Inc. announced they have received all required regulatory approvals to proceed with the merger of William Penn into Mid Penn. The closing of the transaction is expected in the second quarter of 2025, pending shareholder approval from both companies and customary closing conditions. Post-merger, William Penn Bank will merge into Mid Penn Bank. A joint press release detailing this announcement has been issued and is attached as Exhibit 99.1.

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Form Type: 8-K

Filing Date: 2025-03-28

Corporate Action: Merger

Type: New

Accession Number: 000110465925029389

Filing Summary: On March 28, 2025, William Penn Bancorporation and Mid Penn Bancorp, Inc. announced receiving all necessary regulatory approvals to complete their proposed merger. The merger involves merging William Penn with Mid Penn, with the intent to finalize the transaction in the second quarter of 2025, pending shareholder approval and other customary conditions. Following the merger, William Penn Bank will merge into Mid Penn Bank. Shareholders of both companies are urged to read the Joint Proxy/Prospectus and relevant filings with the SEC for complete information regarding the transaction.

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Form Type: DEFM14A

Filing Date: 2025-02-11

Corporate Action: Merger

Type: New

Accession Number: 000119312525024366

Filing Summary: William Penn Bancorporation has announced a merger with Mid Penn Bancorp, Inc. under a merger agreement dated October 31, 2024. This merger will result in William Penn merging into Mid Penn, with Mid Penn being the surviving entity. Two special meetings are scheduled for April 2, 2025, for shareholders to vote on necessary approvals: William Penn's shareholders will vote to adopt the merger agreement, while Mid Penn's shareholders will approve the issuance of shares as merger consideration. Each shareholder of William Penn will receive 0.426 shares of Mid Penn for each share they own, with cash for any fractional shares. Upon completion, William Penn shareholders will hold approximately 16.85% of Mid Penn's common stock. The document emphasizes the urgent need for shareholder participation in the voting process to ensure the merger proceeds, detailing the voting process and the importance of submitting proxies.

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