8-K
filed October 27, 2023, 7:59 PM ET
ticker AROW
CIK 0000717538
other
confidence high
sentiment neutral
materiality 0.15
Arrow Financial holds 2023 annual meeting; all proposals pass including director elections and stock plan
ARROW FINANCIAL CORP
- Elected Class A directors Behan, Champion, Miller, Owens and Class B director DeMarco to board terms.
- Advisory vote on executive compensation frequency: 1 year approved with 8.19M votes for.
- Advisory approval of 2022 executive compensation: 8.02M for, 862K against, 178K abstain.
- Approved 2023 Directors' Stock Plan with 8.17M for, 637K against.
- Ratified KPMG as independent auditor for 2023 with 11.8M for, 556K against.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
ARROW FINANCIAL CORP shareholders approved Advisory vote on frequency of say-on-pay at the 2023-10-25 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-10-25
Exact text from the filing
2. The approval, on an advisory basis, a frequency of "one year" with which shareholders may vote on the Company's executive compensation. 1 Year 2 Years 3 Years Abstain Broker Non-Votes Common Stock Voted On: Frequency 8,190,752 43,229 721,143 106,029 3,479,593
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
ARROW FINANCIAL CORP shareholders approved Election of four Class A directors and one Class B director at the 2023-10-25 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-10-25
Exact text from the filing
1. The election of four (4) directors to Class A for a term of three (3) years and/or until their successors shall have been elected and one (1) director to Class B for a term of one (1) year until his respective successor is elected and qualified. Votes For Votes Withheld Broker Non-Votes Class A Director Nominees: Mark L. Behan 8,551,705 509,448 3,479,593 Gregory J. Champion 8,349,365 711,788 3,479,593 Elizabeth A. Miller 8,210,040 851,113 3,479,593 William L. Owens 5,584,517 3,476,636 3,479,593 Class B Director Nominee: David S. DeMarco 8,673,016 388,137 3,479,593
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
ARROW FINANCIAL CORP shareholders approved Advisory approval of 2022 executive compensation at the 2023-10-25 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-10-25
Exact text from the filing
3. The approval, on an advisory basis, of the Company’s 2022 executive compensation. Votes For Votes Against Abstain Broker Non-Votes Common Stock Voted On: Executive Compensation 8,020,726 862,312 178,115 3,479,593
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
ARROW FINANCIAL CORP shareholders approved Approval of Arrow Financial Corporation 2023 Directors' Stock Plan at the 2023-10-25 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-10-25
Exact text from the filing
4. The approval of the Arrow Financial Corporation 2023 Directors' Stock Plan. Votes For Votes Against Abstain Broker Non-Votes Common Stock Voted On: Approval of 2023 Directors' Stock Plan. 8,165,099 637,849 258,205 3,479,593
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
ARROW FINANCIAL CORP shareholders approved Ratification of KPMG LLP as independent auditor for fiscal year 2023 at the 2023-10-25 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-10-25
Exact text from the filing
5. The ratification of the selection of the independent registered public accounting firm, KPMG LLP, as the Company's independent auditor for the fiscal year ending December 31, 2023. Common Stock Voted On: Votes For Votes Against Abstain KPMG LLP 11,803,025 556,086 181,635
View on SEC.gov
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