---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-063079"
form_type: "8-K"
ticker: "CBU"
cik: "0000723188"
company_name: "COMMUNITY FINANCIAL SYSTEM, INC."
filed_at: "2024-05-17T23:59:59+00:00"
generated_at: "2026-06-01T17:43:42.694707+00:00"
event_type: "dividend"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Community Financial System declares $0.45 quarterly dividend and reports annual meeting results

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-063079
- form_type: 8-K
- ticker: CBU
- cik: 0000723188
- company_name: COMMUNITY FINANCIAL SYSTEM, INC.
- filed_at: 2024-05-17T23:59:59+00:00
- event_type: dividend
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723188/000110465924063079/0001104659-24-063079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723188/000110465924063079/tm2414782d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-063079
- JSON: https://secwatch.observer/filing/0001104659-24-063079.json
- Plain text: https://secwatch.observer/filing/0001104659-24-063079.txt

## Source-grounded claims
- claim_id: 114d21451a72f2c97da6a12cf49ed07f6b80a5e3
  claim: COMMUNITY FINANCIAL SYSTEM, INC. shareholders approved Ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2024 at the 2024-05-15 meeting.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/723188/000110465924063079/0001104659-24-063079-index.htm
- claim_id: 744643a00904e846b4c5518139cd9f4ae2b0d31f
  claim: COMMUNITY FINANCIAL SYSTEM, INC. shareholders approved Election of 12 Directors for one-year terms at the 2024-05-15 meeting.
  evidence_excerpt: The Company’s Shareholders elected 12 individuals to the Board to serve one-year terms, as set forth below:
  evidence_url: https://www.sec.gov/Archives/edgar/data/723188/000110465924063079/0001104659-24-063079-index.htm
- claim_id: a2fd10f6e32ec83974e7235e98928bdca0471954
  claim: COMMUNITY FINANCIAL SYSTEM, INC. shareholders approved Advisory approval of executive compensation at the 2024-05-15 meeting.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/723188/000110465924063079/0001104659-24-063079-index.htm
- claim_id: b4c99185c4182a29c9b3c955a310858929f9f6d4
  claim: 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.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/723188/000110465924063079/0001104659-24-063079-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.