secwatch.observer — SEC 8-K summary
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Issuer:     ARROW FINANCIAL CORP (AROW)
CIK:        0000717538
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0000717538-23-000082
Event type: leadership
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arrow Financial appoints Penko Ivanov as CFO; declares $0.27 quarterly dividend, 3% increase
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- Penko Ivanov named CFO, EVP, Treasurer & CAO of Arrow and subsidiary banks; effective Feb 21.
- Ivanov previously CFO of Bankwell Financial Group; will receive $40,000 relocation bonus.
- New employment agreements for CEO Murphy ($650k base) and other executives; change-of-control terms updated.
- Quarterly cash dividend of $0.27 per share declared, payable March 15 to holders of record March 3.
- Dividend represents a 3% increase over Q1 2022 due to 3% stock dividend distributed Sept 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717538/000071753823000082/0000717538-23-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717538/000071753823000082/arow-20230201.htm
  HTML page:      https://secwatch.observer/filing/0000717538-23-000082

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