---
schema_version: "secwatch.filing_event.v1"
accession: "0000717538-24-000053"
form_type: "8-K"
ticker: "AROW"
cik: "0000717538"
company_name: "ARROW FINANCIAL CORP"
filed_at: "2024-03-19T23:59:59+00:00"
generated_at: "2026-06-04T14:10:52.290101+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Arrow Financial dismisses KPMG, appoints Crowe LLP as new auditor for FY2024

## Summary
- Audit Committee dismissed KPMG effective March 14, 2024 after a competitive selection process.
- Crowe LLP approved as independent registered public accounting firm for fiscal year ending Dec 31, 2024, subject to client acceptance.
- KPMG's audit reports for fiscal years 2022 and 2023 were unqualified; no disagreements with KPMG were reported.
- Previously disclosed material weaknesses in internal control over financial reporting were noted as reportable events.
- Company has not consulted Crowe prior to its appointment on any accounting or audit matters.

## SEC filing metadata
- accession: 0000717538-24-000053
- form_type: 8-K
- ticker: AROW
- cik: 0000717538
- company_name: ARROW FINANCIAL CORP
- filed_at: 2024-03-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/717538/000071753824000053/0000717538-24-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/717538/000071753824000053/arow-20240314.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000717538-24-000053
- JSON: https://secwatch.observer/filing/0000717538-24-000053.json
- Plain text: https://secwatch.observer/filing/0000717538-24-000053.txt

## Key facts
- Auditor Changes
  ARROW FINANCIAL CORP dismissed KPMG LLP as its auditor.
  - Action: dismissal
  - Auditor: KPMG LLP
  - Successor: Crowe LLP
  source text: On March 14, 2024, the Committee dismissed KPMG as the Company’s independent registered public accounting firm, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/717538/000071753824000053/0000717538-24-000053-index.htm
- Auditor Changes
  ARROW FINANCIAL CORP engaged Crowe LLP as its auditor.
  - Action: engagement
  - Auditor: Crowe LLP
  source text: (a) The Audit Committee (the “Committee”) of the Board of Directors of Arrow Financial Corporation (the “Company”) recently conducted a competitive selection process to determine the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024. The Committee invited several public accounting firms to participate in this process, including KPMG LLP (“KPMG”), the Company’s independent registered public accounting firm for the fiscal year ended December 31, 2023. As a result of this process, the Committee approved the appointment of Crowe LLP (“Crowe”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024, subject to completion of its standard client acceptance procedures.
  evidence_url: https://www.sec.gov/Archives/edgar/data/717538/000071753824000053/0000717538-24-000053-index.htm

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