{"schema_version":"secwatch.filing_event.v1","accession":"0000943374-23-000477","form_type":"8-K","ticker":"FISI","cik":"0000862831","company_name":"FINANCIAL INSTITUTIONS INC","filed_at":"2023-12-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.181255+00:00","generated_at":"2026-06-07T15:55:58.562116+00:00","sec_items":["5.02","7.01","8.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Financial Institutions announces leadership realignment, workforce reduction of 3.4%, targeting $6M in annual savings","bullets":["Sean Willett (EVP, CAO) resigning to become CEO of another bank; remains through Dec 31, 2023.","Justin Bigham (EVP, Chief Community Banking) resigns; receives $250,000 severance lump sum.","Reid Whiting promoted to new Chief Banking Officer; Blake Jones added to executive leadership team.","COO, product, tech areas move under CFO Plants; risk head Pacos oversees credit; HR head Collins takes training.","Restructuring reduces workforce by ~3.4% and targets $6M annual noninterest expense savings."],"urls":{"canonical":"https://secwatch.observer/filing/0000943374-23-000477","json":"https://secwatch.observer/filing/0000943374-23-000477.json","markdown":"https://secwatch.observer/filing/0000943374-23-000477.md","text":"https://secwatch.observer/filing/0000943374-23-000477.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862831/000094337423000477/0000943374-23-000477-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862831/000094337423000477/form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T15:55:58.562116+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5410d36f79","claim":"Justin K. Bigham resigned as Executive Vice President and Chief Community Banking Officer at FINANCIAL INSTITUTIONS INC.","evidence_excerpt":"announced the resignations of Sean M. Willet, Executive Vice President and Chief Administrative Officer, and Justin K. Bigham, Executive Vice President and Chief Community Banking Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/862831/000094337423000477/0000943374-23-000477-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Executive Vice President and Chief Community Banking Officer"}],"fact_type":"executive_change"},{"claim_id":"c776b53f32","claim":"Sean M. Willet resigned as Executive Vice President and Chief Administrative Officer at FINANCIAL INSTITUTIONS INC.","evidence_excerpt":"announced the resignations of Sean M. Willet, Executive Vice President and Chief Administrative Officer, and Justin K. Bigham, Executive Vice President and Chief Community Banking Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/862831/000094337423000477/0000943374-23-000477-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Executive Vice President and Chief Administrative Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}