secwatch / observer
8-K filed January 5, 2024, 6:59 PM ET ticker CBU CIK 0000723188
leadership confidence high sentiment neutral materiality 0.70

CEO Mark Tryniski retires; Dimitar Karaivanov becomes President and CEO effective Jan 1, 2024

COMMUNITY FINANCIAL SYSTEM, INC.

item 5.02

Executive movements

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Role change

Dimitar A. Karaivanov

President and Chief Executive Officer
CBU · COMMUNITY FINANCIAL SYSTEM, INC.
Effective
2024-01-01
Filed
January 5, 2024, 6:59 PM ET
On January 1, 2024, Dimitar A. Karaivanov, the Company’s Executive Vice President and Chief Operating Officer (“COO”), was appointed as the Company’s and the Bank’s President and Chief Executive Officer.
Appointed

Dimitar A. Karaivanov

Director
CBU · COMMUNITY FINANCIAL SYSTEM, INC.
Effective
2024-01-01
Filed
January 5, 2024, 6:59 PM ET
As previously announced, Mr. Karaivanov was appointed to serve as a Director of the Company and the Bank, effective January 1, 2024.
Departed

Mark E. Tryniski

President and Chief Executive Officer
CBU · COMMUNITY FINANCIAL SYSTEM, INC.
Effective
2023-12-31
Successor
Dimitar A. Karaivanov
Filed
January 5, 2024, 6:59 PM ET
Consistent with the previously announced succession plan, on December 31, 2023, Mark E. Tryniski, the President and Chief Executive Officer of Community Bank System, Inc. (the “Company”) and its wholly-owned subsidiary, Community Bank, N.A. (the “Bank”) retired as an executive officer of the Company and the Bank.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Dimitar A. Karaivanov was appointed as President and Chief Executive Officer at COMMUNITY FINANCIAL SYSTEM, INC..

Action
appointed
Role
President and Chief Executive Officer
Exact text from the filing
On January 1, 2024, Dimitar A. Karaivanov, the Company’s Executive Vice President and Chief Operating Officer (“COO”), was appointed as the Company’s and the Bank’s President and Chief Executive Officer.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Dimitar A. Karaivanov was appointed as Director at COMMUNITY FINANCIAL SYSTEM, INC..

Action
appointed
Role
Director
Exact text from the filing
As previously announced, Mr. Karaivanov was appointed to serve as a Director of the Company and the Bank, effective January 1, 2024.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Mark E. Tryniski retired as President and Chief Executive Officer at COMMUNITY FINANCIAL SYSTEM, INC..

Action
retired
Role
President and Chief Executive Officer
Exact text from the filing
Consistent with the previously announced succession plan, on December 31, 2023, Mark E. Tryniski, the President and Chief Executive Officer of Community Bank System, Inc. (the “Company”) and its wholly-owned subsidiary, Community Bank, N.A. (the “Bank”) retired as an executive officer of the Company and the Bank.
View on SEC.gov

COMMUNITY FINANCIAL SYSTEM, INC. filing history →

Source: SEC EDGAR
accession 0001104659-24-001873
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