8-K
filed May 17, 2024, 7:59 PM ET
ticker CBU
CIK 0000723188
dividend
confidence high
sentiment neutral
materiality 0.40
Community Financial System declares $0.45 quarterly dividend and reports annual meeting results
COMMUNITY FINANCIAL SYSTEM, INC.
- Quarterly dividend of $0.45 per share, payable July 10, 2024 to holders of record June 14, 2024; 3.78% annualized yield.
- Shareholders elected all 12 director nominees, approved executive compensation, and ratified PwC as auditor.
- Approved amendment to 2022 Long-Term Incentive Plan, increasing authorized shares by 1,100,000.
- Entered consulting agreement with retired CEO Mark Tryniski for transition support; $5,000 monthly fee through Dec 2024.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
COMMUNITY FINANCIAL SYSTEM, INC. shareholders approved Ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2024 at the 2024-05-15 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
The Company’s Shareholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024, as set forth below: For Against Abstain 45,200,602 619,285 39,187
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
COMMUNITY FINANCIAL SYSTEM, INC. shareholders approved Advisory approval of the Company's executive compensation at the 2024-05-15 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
The Company’s Shareholders approved, on a non-binding advisory basis, the Company’s executive compensation programs, as described in the proxy statement, as set forth below: For Against Abstain Broker Non-Votes 38,183,537 2,496,827 330,123 4,848,587
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
COMMUNITY FINANCIAL SYSTEM, INC. shareholders approved Election of 12 Directors for one-year terms at the 2024-05-15 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
The Company’s Shareholders elected 12 individuals to the Board to serve one-year terms, as set forth below: Name of Director Number of Votes For Against Abstain Broker Non-Votes Mark J. Bolus 40,049,359 531,375 429,753 4,848,587 Neil E. Fesette 40,236,493 344,891 429,103 4,848,587 Dimitar A. Karaivanov 40,302,056 286,430 422,001 4,848,587 Jeffery J. Knauss 40,325,690 476,670 208,127 4,848,587 Kerrie D. MacPherson 40,148,973 644,595 216,919 4,848,587 John Parente 40,146,757 436,143 427,587 4,848,587 Raymond C. Pecor, III 40,359,197 437,203 214,087 4,848,587 Susan E. Skerritt 40,160,602 636,739 213,146 4,848,587 Sally A. Steele 39,892,679 683,107 434,701 4,848,587 Eric E. Stickels 40,405,876 380,682 223,929 4,848,587 Michele P. Sullivan 40,264,183 531,334 214,970 4,848,587 John F. Whipple, Jr. 38,712,368 1,826,816 471,303 4,848,587
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
COMMUNITY FINANCIAL SYSTEM, INC. shareholders approved Amendment to 2022 Long-Term Incentive Plan to increase authorized shares by 1,100,000 at the 2024-05-15 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
The Company’s Shareholders approved an amendment to the Company's 2022 Long-Term Incentive Plan, as amended, to increase the number of authorized shares by 1,100,000, as set forth below: For Against Abstain Broker Non-Votes 39,550,983 1,096,992 362,512 4,848,587
View on SEC.gov
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