{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-036249","form_type":"8-K","ticker":"FISI","cik":"0000862831","company_name":"FINANCIAL INSTITUTIONS INC","filed_at":"2025-03-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.542758+00:00","generated_at":"2026-05-25T02:34:08.533657+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"litigation","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"FISI settles auto lending class action for $29.5M, records $23M Q4 2024 accrual","bullets":["Settlement covers repossession notices sent 2011-2021 to defaulting borrowers in NY and PA.","Cash payment of $29.5M to class members plus debt release and adverse credit removal.","Company recorded $23.0M litigation accrual ($17.1M after-tax) in Q4 2024 financials.","Settlement subject to court approval; no admission of liability by FISI or Five Star Bank.","FISI does not expect additional accruals or changes to previously published 2025 guidance."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-036249","json":"https://secwatch.observer/filing/0000950170-25-036249.json","markdown":"https://secwatch.observer/filing/0000950170-25-036249.md","text":"https://secwatch.observer/filing/0000950170-25-036249.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862831/000095017025036249/0000950170-25-036249-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862831/000095017025036249/fisi-20250307.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T02:34:08.533657+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}