{"schema_version":"secwatch.filing_event.v1","accession":"0000717538-23-000135","form_type":"8-K","ticker":"AROW","cik":"0000717538","company_name":"ARROW FINANCIAL CORP","filed_at":"2023-07-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.482053+00:00","generated_at":"2026-06-13T05:14:21.129075+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Arrow Financial raises CEO DeMarco's salary to $575k, CFO Ivanov to $390k in amended employment","bullets":["CEO David DeMarco amended employment: base salary $575,000, target cash bonus 50%, term through Jan 31, 2026.","CFO Penko Ivanov appointed Senior Executive Vice President; base salary increased to $390,000 in new agreement.","DeMarco's agreement effective May 13, 2023, replaces prior deal; board to review 3-year renewal each February anniversary.","Ivanov continues as Treasurer and CFO; amended agreement dated July 18, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000717538-23-000135","json":"https://secwatch.observer/filing/0000717538-23-000135.json","markdown":"https://secwatch.observer/filing/0000717538-23-000135.md","text":"https://secwatch.observer/filing/0000717538-23-000135.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/717538/000071753823000135/0000717538-23-000135-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/717538/000071753823000135/arow-20230718.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T05:14:21.129075+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3be178095f","claim":"Penko K. Ivanov was appointed as Senior Executive Vice President at ARROW FINANCIAL CORP.","evidence_excerpt":"The Company has appointed Penko K. Ivanov as Senior Executive Vice President of the Company and the Bank.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/717538/000071753823000135/0000717538-23-000135-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Senior Executive Vice President"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}