Arrow Financial enters consulting agreement with former CFO Campanella at $5K/week

ARROW FINANCIAL CORP

Edward Campanella resigned as SVP/CFO Sept 30; consulting agreement starts Oct 1, runs through March 31, 2023.
Compensation: $5,000 per week for 10-12 hours/week of transition services; plus out-of-pocket expenses.
Campanella accepted CFO role at a Massachusetts community bank (Outside Employer) during the Services Period.
Noncompete restricts work for NY-based depository institutions over $100M or direct competitors of Arrow.
Stock option vesting does not continue during the consulting term; agreement can be terminated with 14 days' notice.

item 5.02 item 9.01

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Departed

Edward J. Campanella

Senior Executive Vice President, Treasurer and Chief Financial Officer

AROW · ARROW FINANCIAL CORP

Effective: 2022-09-30
Filed: October 6, 2022, 7:59 PM ET

Edward J. Campanella, former Senior Executive Vice President, Treasurer and Chief Financial Officer of the Company, resigned from all positions he holds with the Company and its subsidiaries effective September 30, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Edward J. Campanella resigned as Senior Executive Vice President, Treasurer and Chief Financial Officer at ARROW FINANCIAL CORP.

Action: resigned
Role: Senior Executive Vice President, Treasurer and Chief Financial Officer

Exact text from the filing

Edward J. Campanella, former Senior Executive Vice President, Treasurer and Chief Financial Officer of the Company, resigned from all positions he holds with the Company and its subsidiaries effective September 30, 2022.

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ARROW FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0000717538-22-000199

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