---
schema_version: "secwatch.filing_event.v1"
accession: "0000717538-22-000199"
form_type: "8-K"
ticker: "AROW"
cik: "0000717538"
company_name: "ARROW FINANCIAL CORP"
filed_at: "2022-10-06T23:59:59+00:00"
generated_at: "2026-06-23T05:13:57.554566+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000717538-22-000199
- form_type: 8-K
- ticker: AROW
- cik: 0000717538
- company_name: ARROW FINANCIAL CORP
- filed_at: 2022-10-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/717538/000071753822000199/0000717538-22-000199-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/717538/000071753822000199/arow-20221001.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000717538-22-000199
- JSON: https://secwatch.observer/filing/0000717538-22-000199.json
- Plain text: https://secwatch.observer/filing/0000717538-22-000199.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/717538/000071753822000199/0000717538-22-000199-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.