Community Financial System Files 8-K
Ticker: CBU · Form: 8-K · Filed: Sep 30, 2024 · CIK: 723188
| Field | Detail |
|---|---|
| Company | Community Financial System, Inc. (CBU) |
| Form Type | 8-K |
| Filed Date | Sep 30, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, director-changes, financials
Related Tickers: CFIN
TL;DR
CFIN filed an 8-K on 9/30/24 covering exec changes & financials.
AI Summary
Community Financial System, Inc. filed an 8-K on September 30, 2024, reporting on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements. The filing also includes financial statements and exhibits.
Why It Matters
This 8-K filing indicates significant corporate governance and executive changes within Community Financial System, Inc., which could impact its strategic direction and operational management.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of corporate events and financial information, not indicating any immediate financial distress or significant negative events.
Key Players & Entities
- COMMUNITY FINANCIAL SYSTEM, INC. (company) — Registrant
- September 30, 2024 (date) — Date of Report
FAQ
What specific officer positions were affected by the changes reported in this 8-K?
The filing indicates changes related to 'Departure of Directors or Certain Officers' and 'Appointment of Certain Officers', but does not specify the exact positions in the provided text.
Were there any new directors elected to the board?
Yes, the filing explicitly mentions 'Election of Directors' as a reported item.
What type of financial statements were included with this filing?
The filing states 'Financial Statements and Exhibits' are included, but the specific types of financial statements are not detailed in the provided text.
What is the primary business of Community Financial System, Inc. according to the filing?
The filing lists the Standard Industrial Classification as 'NATIONAL COMMERCIAL BANKS [6021]'.
When was the company formerly known as Community Bank System, Inc.?
The company's name was changed from Community Bank System, Inc. on August 6, 2013.
Filing Stats: 972 words · 4 min read · ~3 pages · Grade level 11.3 · Accepted 2024-09-30 07:45:20
Key Financial Figures
- $1.00 — nge on which registered Common Stock, $1.00 par value per share CBU New York Stoc
Filing Documents
- tm2425133d1_8k.htm (8-K) — 32KB
- tm2425133d1_ex10-1.htm (EX-10.1) — 41KB
- tm2425133d1_8kimg001.jpg (GRAPHIC) — 5KB
- 0001104659-24-103952.txt ( ) — 271KB
- cbu-20240930.xsd (EX-101.SCH) — 3KB
- cbu-20240930_lab.xml (EX-101.LAB) — 34KB
- cbu-20240930_pre.xml (EX-101.PRE) — 22KB
- tm2425133d1_8k_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits The following exhibit is being furnished pursuant to Item 7.01 above. 10.1 Change in Control Agreement, dated January 1, 2024, by and among Deresa F. Durkee, Community Financial System, Inc. and Community Bank, N.A. 104 Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL) 2
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 Financial System, Inc. By: /s/ Joseph E. Sutaris Name: Joseph E. Sutaris Title: Executive Vice President and Chief Financial Officer Dated: September 30, 2024 3 Exhibit Index Exhibit Number Description 10.1 Change in Control Agreement, dated January 1, 2024, by and among Deresa F. Durkee, Community Financial System, Inc. and Community Bank, N.A. 104 Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL) 4