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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (date of earliest event reported): May 20, 2025
Camden National Corporation
(Exact name of registrant as specified in its charter)

Maine
001-13227
01-0413282
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
Two Elm Street
Camden
Maine
04843
                 (Address of principal executive offices)
(Zip Code)

Registrant's telephone number, including area code: (207) 236-8821


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, without par value CAC The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o As reported in Item 5.07 below, the shareholders of Camden National Corporation (the “Company”) approved an amendment (the “Amendment”) to the Company’s 2022 Equity and Incentive Plan (the “Plan”) at the Company’s 2025 annual meeting of shareholders, which was held on Tuesday, May 20, 2025 (the “Annual Meeting”).






Item 5.02 Submission of Matters to a Vote of Security Holders.
The Amendment had previously been approved by the Company’s Board of Directors, subject to shareholder approval. The Amendment increases the number of shares of the Company’s common stock reserved for issuance under the Plan by 560,000 additional shares and extends the term of the Plan to May 20, 2035.

The foregoing description of the Plan does not purport to be complete and is qualified in its entirety by reference to the full text of the Plan and the Amendment, copies of which are filed as Exhibits 10.1 and 10.2 hereto and are hereby incorporated into this report by reference.
Item 5.07 Submission of Matters to a Vote of Security Holders.

The 2025 Annual Meeting of Shareholders of the Company was held on May 20, 2025 at the Company’s Hanley Center, Fox Ridge Office Park, 245 Commercial Street, Rockport Maine and in a virtual format. At the Annual Meeting, there were present in person or by proxy 13,941,390 shares of the Company's common stock, representing approximately 83% of the total outstanding eligible votes. The Company’s shareholders voted on four proposals and cast their votes as described below.

1. Election of twelve persons to the Board of Directors, each to serve a one year term and until each such director's successor is elected and qualified:
For Against Abstain Broker
Non-Vote
Craig N. Denekas 11,606,968 323,386 19,825 1,991,211
Simon R. Griffiths 11,663,986 266,228 19,965 1,991,211
Rebecca K. Hatfield 11,717,411 209,320 23,448 1,991,211
Larry K. Haynes 11,646,761 285,239 18,179 1,991,211
S. Catherine Longley 11,716,874 213,489 19,816 1,991,211
Raina L. Maxwell 11,736,127 195,270 18,782 1,991,211
Marie J. McCarthy 11,739,325 192,970 17,884 1,991,211
Robert D. Merrill 11,664,820 264,077 21,282 1,991,211
James H. Page 11,569,173 361,180 19,826 1,991,211
Robin A. Sawyer 11,700,970 227,365 21,844 1,991,211
Carl J. Soderberg 11,565,309 365,045 19,825 1,991,211
Lawrence J. Sterrs 11,509,535 420,817 19,827 1,991,211
The majority of votes cast at the Annual Meeting voted to elect the twelve named persons above to the Board of Directors for a term of one year.

2. Approval of an Amendment to the Company's 2022 Equity and Incentive Plan to increase the number of shares issuable under the plan and to extend the term of the plan to 2035:
For Against Abstain Broker
Non-Vote
11,414,170 495,877 40,132 1,991,211
The majority of votes cast at the Annual Meeting voted to approve the amendment to the Company's 2022 Equity and Incentive Plan to increase the number of shares issuable under the plan and to extend the term of the plan to 2035.

3. Non-binding advisory vote on the compensation of the Company's named executive officers ("Say-on-Pay"):
For Against Abstain Broker
Non-Vote
11,685,331 208,990 55,858 1,991,211



The majority of votes cast at the Annual Meeting voted to approve the compensation of the Company's named executive officers.

4. Ratification of the appointment of RSM US LLP as the Company's independent registered public accounting firm for the year ending December 31, 2025:
For Against Abstain
13,735,341 193,492 12,557
The majority of votes cast at the Annual Meeting voted to ratify the appointment of RSM US LLP as the Company's independent registered public accounting firm for the year ending December 31, 2025.

Item 9.01
Financial Statements and Exhibits.

(d)    The following exhibits are filed with this Report:
 
Exhibit No. Description
101 Cover Page Interactive Data - the cover page XBRL tags are embedded within the Inline XBRL document.
104 Cover Page Interactive Data File - Included in Exhibit 101.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 

Dated: May 23, 2025
 
  CAMDEN NATIONAL CORPORATION
(Registrant)
   
   
By:  /s/ MICHAEL R. ARCHER
    Michael R. Archer
Chief Financial Officer and Principal Financial & Accounting Officer