---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-103192"
form_type: "8-K"
ticker: "CBU"
cik: "0000723188"
company_name: "COMMUNITY FINANCIAL SYSTEM, INC."
filed_at: "2024-09-26T23:59:59+00:00"
generated_at: "2026-05-31T01:42:31.124983+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Community Financial System appoints Savneet Singh, CEO of PAR Technology, as independent director

## Summary
- Savneet Singh appointed effective Oct 1, 2024; board expands to 13 directors (12 independent).
- Singh is CEO and President of PAR Technology (NYSE:PAR), a global food-service tech company.
- Appointed to joint Risk Committee and as Board representative to Technology Committee.
- Also named to board of wholly-owned subsidiary Community Bank, N.A.
- No related-party transactions; compensation consistent with other non-employee directors.

## SEC filing metadata
- accession: 0001104659-24-103192
- form_type: 8-K
- ticker: CBU
- cik: 0000723188
- company_name: COMMUNITY FINANCIAL SYSTEM, INC.
- filed_at: 2024-09-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723188/000110465924103192/0001104659-24-103192-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723188/000110465924103192/tm2425049d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-103192
- JSON: https://secwatch.observer/filing/0001104659-24-103192.json
- Plain text: https://secwatch.observer/filing/0001104659-24-103192.txt

## Key facts
- Executive change
  Savneet Singh was elected as Director at COMMUNITY FINANCIAL SYSTEM, INC..
  - Action: elected
  - Role: Director
  source text: On September 25, 2024, Community Financial System, Inc.’s (the “Company”) Board of Directors (the “Board”) elected Savneet Singh as a new independent director, effective as of October 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/723188/000110465924103192/0001104659-24-103192-index.htm

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