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Citizens First Corp. shareholders OKs elimination of classified board structure

Shareholders of Bowling Green, Ky.-based Citizens First Corp. approved an amendment providing for the phased-in elimination of the company's classified board structure, effective May 16.

Under the amendment, the company's board will consist of at least seven but not more than 18 members. Starting with the 2019 shareholders meeting, the directors will be elected for a term expiring at the next annual shareholders meeting. Each director will hold office until his or her successor is elected and qualified, provided that the director elected to hold a longer term before the 2019 shareholders meeting holds office for his or her entire term.