Arrow Financial CEO salary raised to $695K; three other execs get raises in new employment agreements

ARROW FINANCIAL CORP

CEO David DeMarco's new 3-year agreement (eff. Feb 1) sets base salary at $695,000, +$120K from prior.
EVPs Kaiser, Wise each get $365K (+$40K) and CFO Ivanov gets $410K (+$20K) under new 2-year deals.
Change-of-control severance for CEO equals 3x (base + target bonus); for other execs 2x, paid over 2 years.
All agreements include non-competition clauses and annual board review for renewal on equivalent terms.

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