Daniel Stoltzfus
About J. Daniel Stoltzfus
J. Daniel Stoltzfus (age 55) is an independent director of ENB Financial Corp (ENBP) since 2022, serving on the Board of ENB Financial Corp and Ephrata National Bank. He is a partial owner and manager of agricultural equipment manufacturing businesses and related real estate entities, bringing operating and community-grounded expertise; he serves on the Building and Expansion Committee . The Board identifies him as independent under SEC/Nasdaq standards, and directors (including Stoltzfus) met at least 75% attendance thresholds in 2024 and attended the 2024 annual meeting .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Stoltzfus Mfg., LLC (Honey Brook, PA) | Partial Owner & Manager | Formed 1998; ongoing | Produces agricultural equipment; custom fabrication, welding, repairs, CNC plasma cutting; local ag community focus |
| Stoltzfus Manufacturing, Inc. (Path Valley, PA) | Manager | Over 25 years; ongoing | Produces hay/feed wagons & bale carriers; ag industry equipment |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Westbrooke IP, LLC (commercial real estate, Honey Brook, PA) | Majority Owner | Ongoing | Real estate holding entity |
| Path Valley Industries, LLC (real estate for Stoltzfus Manufacturing, Inc.) | Sole Owner | Ongoing | Real estate holding entity leasing to manufacturing business |
Board Governance
- Independence: Identified as independent; only independent directors serve on ENB’s committees .
- Committee assignment: Building and Expansion Committee member (not Chair) .
- Attendance: Directors attended ≥75% of Board and committee meetings in 2024; all ten then-sitting directors attended the 2024 Annual Meeting .
- Meeting cadence: Board held 16 meetings; committees held 24 meetings in 2024; Building and Expansion Committee held 5 meetings .
- Board leadership: Combined Chair/CEO with no Lead Independent Director position established .
Fixed Compensation
| Component | Amount/Structure | Period/Notes |
|---|---|---|
| Annual director retainer (cash) | $20,000 | Paid in advance in July 2024 for July 1, 2024–June 30, 2025 |
| Board meeting fee (cash) | $1,000 per meeting | Monthly; Jan, May, Jul, Oct had two meetings |
| Committee meeting fee (cash) | $400 per meeting | Separate committee meetings |
| Strategic Planning meeting fee (cash) | $1,000 | May 2024 |
| Committee Chair premium | $0 | Chairs do not receive additional compensation |
| 2024 total fees (Stoltzfus) | $36,600 | Fees earned or paid in cash; no “All Other Compensation” |
Performance Compensation
| Item | Details | Notes |
|---|---|---|
| Director equity awards | None | Directors do not receive RSUs/options; compensation is cash; equity purchases only via plan |
| 2020 Non-Employee Directors’ Stock Plan | Directors may elect to use fees to purchase company shares; purchases at market price (no discount) | 100,000 shares registered; mechanism to increase Board alignment |
| Performance metrics tied to director comp | None disclosed | No pay-for-performance structure for directors |
Other Directorships & Interlocks
| Category | Disclosure |
|---|---|
| Current public company boards | None disclosed in biography |
| Prior public company boards | None disclosed |
| Private/non-profit/academic boards | Not specified for Stoltzfus beyond ownership/management roles noted above |
| Interlocks with competitors/suppliers/customers | Not disclosed; Board reviews related transactions and determined independence not impaired |
Expertise & Qualifications
- Manufacturing operations and agricultural industry equipment; custom fabrication services to local ag community .
- Community/economic familiarity within ENB’s served markets; business acumen managing manufacturing and real estate entities .
- Governance contribution via Building and Expansion oversight (real estate, construction/renovations, facilities improvements) .
Equity Ownership
| Holder | Shares Beneficially Owned | Nature of Ownership | % of Outstanding |
|---|---|---|---|
| J. Daniel Stoltzfus | 2,812 | Held individually | ~0.05% (2,812 / 5,655,270 outstanding) |
| Group: All nominees, directors, executive officers (17 persons) | 133,099 | Aggregate | 2.35% |
- Ownership guidelines for directors: Not disclosed.
- Pledging/hedging: Board policy prohibits hedging or pledging by directors and executive officers .
- Vested/unvested shares; options: No director RSUs/options disclosed; RSUs apply to executives only .
Governance Assessment
- Board effectiveness: Stoltzfus brings relevant operating expertise aligned with Building and Expansion oversight; committee meets regularly (5 times in 2024), supporting facility and real estate decisions .
- Independence and attendance: Independent status with ≥75% attendance and annual meeting participation supports engagement and governance quality .
- Alignment: Personal share ownership (2,812 shares) provides some alignment; directors can voluntarily increase ownership via stock plan, though no discounted issuance; Stoltzfus not footnoted as investing retainer in shares in 2024 .
- Conflicts/related-party exposure: Banking relationships with directors exist in ordinary course; loans reviewed by Board outside presence of related party; aggregate insiders’ loans were $940,211 as of 12/31/2024 and $824,645 as of 3/11/2025 (≈0.72% of equity capital), with independence determination maintained .
- RED FLAGS: Combined Chair/CEO with no Lead Independent Director reduces independent counterbalance; not specific to Stoltzfus but a board-level governance consideration . Anti-hedging/pledging policy mitigates alignment risks .
- Insider trading compliance: Company reports timely Section 16 filings for 2024, with one late Form 4 attributed to a different executive (not Stoltzfus) .
Overall: Stoltzfus appears independent, engaged, and relevantly skilled for facilities oversight; ownership is modest but can be supplemented via voluntary plan. Primary governance caution is the Board’s leadership structure (no Lead Independent Director), not Stoltzfus-specific. Related-party banking activity is routine and reviewed, mitigating conflict risk .