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CBU COMMUNITY FINANCIAL SYSTEM INC Management Changes 8-K Filing

CMMN

CB

COMMUNITY FINANCIAL SYSTEM INC

(CBU)

2023 8-K

Summary

Summary

New Director Appointment

Minority Investment

Financial Statements

Asset Acquisitions

Financial Statements

Management Change

Board Resignation

Financial Results

Management Change

Earnings Announcement

Management Appointment

Board Appointment

Earnings Reports

Changes in Management and C...

Annual Shareholders Meeting...

Earnings Reports

Financial Update

Earnings Report

Appointment of New Director

Management Change

Election of Directors and S...

Earnings Reports

Earnings Report

Compensatory Arrangements o...

Retirement, Appointments

Annual Shareholders Meeting

Earnings Reports

Balance Sheet Repositioning

Earnings Report

External Links:

Community Bank System, Inc. announced the retirement of its current President and CEO, Mark E. Tryniski, effective as of December 31, 2023. He will be succeeded by Dimitar A. Karaivanov, the company's Executive Vice President and COO, effective from January 1, 2024. The Board will also expand to 13 Directors and Mr. Karaivanov will be appointed as a Director of the Company and the Bank from January 1, 2024. A new employment agreement between the company and Mr. Karaivanov, which includes his compensation details, will also be effective from January 1, 2024.

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COMMUNITY FINANCIAL SYSTEM INC

2023

8 K

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