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.
Machine-readable event card
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- 0001104659-24-063079
- form_type
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- ticker
- CBU
- cik
- 0000723188
- company_name
- COMMUNITY FINANCIAL SYSTEM, INC.
- filed_at
- 2024-05-17T23:59:59+00:00
- discovered_at
- 2026-05-14T18:03:21.780855+00:00
- generated_at
- 2026-06-01T17:43:42.694707+00:00
- sec_items
- ["5.07", "8.01", "9.01"]
- event_type
- dividend
- sentiment
- neutral
- materiality_score
- 0.4
- calibrated_materiality_score
- 0.4
- confidence
- high
- secwatch_canonical_url
- https://secwatch.observer/filing/0001104659-24-063079
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- https://secwatch.observer/filing/0001104659-24-063079.json
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- https://secwatch.observer/filing/0001104659-24-063079.md
- text_url
- https://secwatch.observer/filing/0001104659-24-063079.txt
- edgar_index_url
- https://www.sec.gov/Archives/edgar/data/723188/000110465924063079/0001104659-24-063079-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/723188/000110465924063079/tm2414782d1_8k.htm
- generated_by_model
- deepseek-v4-flash:cloud@v2
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Source-grounded claims
114d21451a72f2c97da6a12cf49ed07f6b80a5e3
COMMUNITY FINANCIAL SYSTEM, INC. shareholders approved Ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2024 at the 2024-05-15 meeting.
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
SEC 8-K Item 5.07
confidence 0.999
SEC evidence
744643a00904e846b4c5518139cd9f4ae2b0d31f
COMMUNITY FINANCIAL SYSTEM, INC. shareholders approved Election of 12 Directors for one-year terms at the 2024-05-15 meeting.
The Company’s Shareholders elected 12 individuals to the Board to serve one-year terms, as set forth below:
SEC 8-K Item 5.07
confidence 0.998
SEC evidence
a2fd10f6e32ec83974e7235e98928bdca0471954
COMMUNITY FINANCIAL SYSTEM, INC. shareholders approved Advisory approval of executive compensation at the 2024-05-15 meeting.
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
SEC 8-K Item 5.07
confidence 0.999
SEC evidence
b4c99185c4182a29c9b3c955a310858929f9f6d4
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.
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
SEC 8-K Item 5.07
confidence 0.999
SEC evidence
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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
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Proposal 4 – Ratification of the Appointment of the Company’s Independent Registered Public Accounting Firm The ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024 was approved by the shareholders based on the following vote: For Against Abstain 96,791,415 3,482,856 50,901
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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
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Proposal 2 - Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2024. There were no broker non-votes. For Against Abstain 20,688,537 142,488 87,201
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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
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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
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Advisory vote to approve the fiscal 2026 compensation of the Company’s named executive officers: For Against Abstain Broker Non-Votes 493,864,228 117,716,717 668,510 102,463,325
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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
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PROPOSAL 2. Ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for calendar year 2026. Votes For Votes Against Abstentions 134,853,955 7,100,190 646,621
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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
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Election of Directors The holders of our common stock elected the persons listed below as Class I directors. Votes Cast For Votes Withheld Broker Non-Votes Eddy W. Hartenstein 229,472,971 4,921,855 51,448,019 Kristina M. Salen 231,643,217 2,751,609 51,448,019 Jennifer C. Witz 230,660,585 3,734,241 51,448,019 The holders of our common stock elected the persons listed below as Class II directors. Votes Cast For Votes Withheld Broker Non-Votes Evan D. Malone 230,881,893 3,512,933 51,448,019 Jonelle Procope 210,894,725 23,500,101 51,448,019 Anjali Sud 213,150,753 21,244,073 51,448,019
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