---
schema_version: "secwatch.filing_event.v1"
accession: "0000717538-25-000100"
form_type: "8-K"
ticker: "AROW"
cik: "0000717538"
company_name: "ARROW FINANCIAL CORP"
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:27:16.341855+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Arrow Financial reaches preliminary settlement of shareholder derivative suit; no material financial impact

## Summary
- Court preliminarily approved settlement on Oct 22, 2025; final hearing set for Jan 12, 2026.
- Suit alleged breach of fiduciary duties over defective internal controls and delayed SEC filings.
- Settlement requires adoption of corporate governance reforms; no monetary payment to company.
- Company states settlement has no material impact on results of operations or financial position.
- Plaintiff's counsel may seek up to $5,000 service award and legal fees from the company.

## SEC filing metadata
- accession: 0000717538-25-000100
- form_type: 8-K
- ticker: AROW
- cik: 0000717538
- company_name: ARROW FINANCIAL CORP
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/717538/000071753825000100/0000717538-25-000100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/717538/000071753825000100/arow-20251022.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000717538-25-000100
- JSON: https://secwatch.observer/filing/0000717538-25-000100.json
- Plain text: https://secwatch.observer/filing/0000717538-25-000100.txt

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