---
schema_version: "secwatch.filing_event.v1"
accession: "0000717538-24-000026"
form_type: "8-K"
ticker: "AROW"
cik: "0000717538"
company_name: "ARROW FINANCIAL CORP"
filed_at: "2024-02-07T23:59:59+00:00"
generated_at: "2026-06-06T07:28:53.226345+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000717538-24-000026
- form_type: 8-K
- ticker: AROW
- cik: 0000717538
- company_name: ARROW FINANCIAL CORP
- filed_at: 2024-02-07T23:59:59+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/717538/000071753824000026/0000717538-24-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/717538/000071753824000026/arow-20240201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000717538-24-000026
- JSON: https://secwatch.observer/filing/0000717538-24-000026.json
- Plain text: https://secwatch.observer/filing/0000717538-24-000026.txt

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