Community Bank System 8-K: Officer/Director Changes, Comp Arrangements
Ticker: CBU · Form: 8-K · Filed: Jan 19, 2024 · CIK: 723188
| Field | Detail |
|---|---|
| Company | Community Bank System, Inc. (CBU) |
| Form Type | 8-K |
| Filed Date | Jan 19, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, executive-changes, compensation, 8-K
TL;DR
**Community Bank System filed an 8-K on Jan 19, detailing executive changes and compensation.**
AI Summary
Community Bank System, Inc. filed an 8-K on January 19, 2024, to report on changes related to the departure or election of directors and officers, as well as compensatory arrangements for certain officers. This filing also includes financial statements and exhibits. This matters to investors because changes in leadership and executive compensation can signal shifts in company strategy, governance, or financial health, potentially impacting future stock performance.
Why It Matters
Changes in executive leadership and compensation can influence a company's strategic direction and financial stability, directly affecting investor confidence and stock valuation.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of corporate governance matters and does not indicate immediate financial distress or significant operational risk.
Analyst Insight
A smart investor would monitor subsequent filings or press releases for specific details regarding the personnel changes and compensation arrangements, as this 8-K only indicates the general categories of events without specific names or dollar amounts.
Key Players & Entities
- COMMUNITY BANK SYSTEM, INC. (company) — the registrant filing the 8-K
- January 19, 2024 (date) — date of earliest event reported and filing date
- 001-13695 (string) — Commission File Number for the registrant
- 16-1213679 (string) — IRS Employer Identification No. for the registrant
- DeWitt, New York (string) — principal executive offices location
FAQ
What is the primary purpose of this 8-K filing by Community Bank System, Inc.?
The primary purpose of this 8-K filing, dated January 19, 2024, is to report on the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and to include 'Financial Statements and Exhibits'.
What is the earliest event reported date in this 8-K filing?
The earliest event reported date in this 8-K filing is January 19, 2024.
What is the Commission File Number for Community Bank System, Inc. as stated in the filing?
The Commission File Number for Community Bank System, Inc. is 001-13695.
Where are the principal executive offices of Community Bank System, Inc. located according to the filing?
The principal executive offices of Community Bank System, Inc. are located at 5790 Widewaters Parkway, DeWitt, New York 13214.
Under which sections of the Securities Exchange Act of 1934 is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 718 words · 3 min read · ~2 pages · Grade level 11 · Accepted 2024-01-19 17:00:42
Key Financial Figures
- $1.00 — e on which registered Common Stock, $1.00 par value per share CBU New York Stoc
Filing Documents
- tm243710d1_8k.htm (8-K) — 29KB
- tm243710d1_ex99-1.htm (EX-99.1) — 12KB
- tm243710d1_8kimg001.jpg (GRAPHIC) — 8KB
- tm243710d1_ex99-1img001.jpg (GRAPHIC) — 6KB
- 0001104659-24-005264.txt ( ) — 244KB
- cbu-20240119.xsd (EX-101.SCH) — 3KB
- cbu-20240119_lab.xml (EX-101.LAB) — 33KB
- cbu-20240119_pre.xml (EX-101.PRE) — 22KB
- tm243710d1_8k_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits 99.1 Press Release, dated January 19, 2024, issued by Community Bank System, Inc. 104 Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL)
SIGNATURES
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. Community Bank System, Inc. By: /s/ Michael N. Abdo Name: Michael N. Abdo Title: Executive Vice President and General Counsel Dated: January 19, 2024 Exhibit Index Exhibit Number Description 99.1 Press Release, dated January 19, 2024, issued by Community Bank System, Inc. 104 Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL)