secwatch.observer — SEC 8-K summary
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Issuer:     ARROW FINANCIAL CORP (AROW)
CIK:        0000717538
Form:       8-K
Filed at:   2025-02-10T23:59:59+00:00
Accession:  0000717538-25-000010
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arrow Financial CEO gets new 3-year agreement; director Dake to retire after 23 years
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- Director Gary L. Dake to retire at 2025 Annual Meeting after 23 years on the board.
- CEO David S. DeMarco new employment agreement effective Feb 1, 2025: base salary $718,850, cash incentive target 50% of base, 3-year term with annual auto-renewal.
- New two-year agreements for CFO Ivanov ($422,300 base) and three other executives (Kaiser, Wise, Yrsha; $375,950 each) with 40% incentive targets.
- All agreements include standard change of control, non-compete, and confidentiality provisions; replace prior 2024 versions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717538/000071753825000010/0000717538-25-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717538/000071753825000010/arow-20250129.htm
  HTML page:      https://secwatch.observer/filing/0000717538-25-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer