{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-083102","form_type":"8-K","ticker":"CBU","cik":"0000723188","company_name":"COMMUNITY FINANCIAL SYSTEM, INC.","filed_at":"2023-07-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.503460+00:00","generated_at":"2026-06-13T05:14:48.998299+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Community Bank System adopts Executive Severance Plan with change-in-control multiples up to 3x for EVPs","bullets":["Plan covers EVP CHRO Gillan-Myer, SVP Levy, and CFO Sutaris (effective Jan 1, 2024); CEO Tryniski and COO Karaivanov excluded.","Severance multiples: 1.75x (Tier 1), 1x (Levy) for Qualifying Termination; 3x (Tier 1), 2x (Levy) post-Change in Control.","Benefits include cash severance, equity acceleration, and continuation of medical/insurance; subject to release and restrictive covenants.","Plan effective July 18, 2023; aims to retain executives and ensure dedication in a Change in Control scenario."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-083102","json":"https://secwatch.observer/filing/0001104659-23-083102.json","markdown":"https://secwatch.observer/filing/0001104659-23-083102.md","text":"https://secwatch.observer/filing/0001104659-23-083102.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723188/000110465923083102/0001104659-23-083102-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723188/000110465923083102/tm2321142-2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T05:14:48.998299+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"}